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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:
A statement on "British Policy in Palestine", issued on 3 June 1922 by the Colonial Office, [147] placed a restrictive construction upon the Balfour Declaration. The statement said the British government did not contemplate "the disappearance or subordination of the Arabic population, language or customs in Palestine" or "the imposition of ...
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.
In March 1921, new British Colonial Secretary Winston Churchill came to the region to form British policy on the ground at the Cairo Conference. The leader of the Palestine congress, Musa al-Husayni, had tried to present the views of the executive committee in Cairo and (later) Jerusalem but was rebuffed both times.
Maps of Ottoman Palestine showing the Kaza subdivisions. Part of a series on the History of Palestine Prehistory Natufian culture Pre-Pottery Tahunian Ghassulian Jericho Ancient history Canaan Phoenicia Egyptian Empire Ancient Israel and Judah (Israel, Judah) Philistia Philistines Neo-Assyrian Empire Neo-Babylonian Empire Achaemenid Empire Classical period Hellenistic Palestine (Seleucus ...
British Mandate of Palestine or Palestine Mandate most often refers to: Mandate for Palestine, a League of Nations mandate under which the British controlled an area which included Mandatory Palestine and the Emirate of Transjordan; Mandatory Palestine, the territory and its history between 1920 and 1948
The end of the British Mandate for Palestine was formally made by way of the Palestine Act 1948 (11 & 12 Geo. 6.c. 27) of 29 April. [1] A public statement prepared by the Colonial and Foreign Office confirmed termination of British responsibility for the administration of Palestine from midnight on 14 May 1948.