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The board decided that the new currency would be called the Palestine pound, 1:1 with sterling and divided into 1,000 mils. [7] The £P1 gold coin would contain 123.27447 grains of standard gold. [7] The enabling legislation was the Palestine Currency Order, 1927, signed by the King in February 1927. [8]
The Palestine pound was not, however, used in conjunction with the normal sterling shillings and pence coinage. It was used with a decimal system in which it was divided into 1,000 mils. The Currency Board was dissolved in May 1948, with the end of the British Mandate, but the Palestinian pound continued in circulation for a transitional period:
Since the British Palestine currency board ceased to exist, the new banknotes were issued by the Anglo-Palestine Company (the Zionist movement financial institute). On the new note, the script in Hebrew reads "Land of Israel lira", but the script in Arabic and English remained the same as that on the British banknotes.
Whether they have family in Gaza or the West Bank, Palestinian Americans here in northern New Jersey live with an unrelenting sense of dread – a mix of fear, sadness and anger – they told CNN ...
About 200 demonstrators protesting Israel's war in Gaza were arrested in a sit-in outside the New York Stock Exchange on Monday, police said. The protesters chanted “Let Gaza live!" and ”Up up ...
Pro-Palestinian protesters temporarily halted the annual Macy’s Day Thanksgiving Parade in New York City by glueing their hands to the ground in the middle of 6th Avenue.. Around 30 protesters ...
The British Mandate of Palestine was created in 1918. In 1927 the Palestine Currency Board, established by the British authorities, and subject to the British Secretary of State for the Colonies, issued the Palestine pound (£P) which was legal tender in Mandate Palestine and Transjordan. £P1 was fixed at exactly £1 sterling.
Protesters from both sides of the Israel-Palestinian conflict rallied at the Israeli consulate in New York on 9 October. Split by East 42nd Street, the two opposing groups raised signs and flags ...