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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 became legal tender on 1 November 1927. [9]
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 Umayyad empire (661–750) who introduced the "first purely Arab coinage" in Palestine also developed a system of postal service. [5] Khans distributed along the main north-south and east-west roads that served as resting places for pilgrims and travellers facilitated the operation of the postal service, known as the barid. [6]
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Palestine is a polysemy refering to a geographical area (a.k.a among Jews: Land of Israel), a political entity under British mandate 1917-1948 and a political entity of Palestinian Arabs a.k.a West Bank and Gaza or The Palestinian Territories. Israel continued to use the Palestine pound until 1952, when it was replaced by the Israeli lira.
Palestinians commemorated the 1948 "Nakba" or catastrophe, on Wednesday, marking the time when hundreds of thousands were dispossessed of their homes in the war at the birth of the state of Israel ...
The first PNA stamps, printed by German state printer Bundesdruckerei Berlin, used the currency designation mils (which was the currency of the British Mandate of Palestine between 1927 and 1948). Israel protested over this issue, and all early stamps issued in 1994 had to be overprinted with fils (1/1000 of a Jordanian dinar ), as illustrated ...
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