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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:
The enabling legislation was the Palestine Currency Order, 1927, signed by the King in February 1927. [8] The Palestine pound became legal tender on 1 November 1927. [9] The Egyptian pound (at the fixed rate of £P1 = £E0.975) and the British gold sovereign remained legal tender until 1 March 1928. [8] [10]
The Israeli pound (לירה ישראלית, "lira yisraelit") was the currency of the State of Israel from June 1952 until it was replaced with the shekel on 24 February 1980. From 1955, after the Bank of Israel was established and took over the duty of issuing banknotes , only the Hebrew name was used, along with the symbol "IL". [ 8 ]
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.
The Bill would have recognised a Palestinian state based on borders agreed before 1967, and would have also conferred full diplomatic status to Palestine’s mission to the UK.
On April 25, students and faculty set up the encampment. They released a list of demands, including UCLA's divestment from companies that profit off the Israel-Hamas War, a disclosure of where the UC system is investing tuition money, the UC system to cut ties with city police departments who police student activism, an end to academic collaboration with institutions that are profiting and ...
GREENSBURG, Pa. – Former President Bill Clinton claimed Tuesday that Israeli leaders “don’t care anymore” about peace between the Jewish State and Palestinians and said Vice President ...
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