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The Palestinian currency which was coined especially for Palestine, and issued both in banknotes and coins, had the phrase “the land of Israel” written on it in Hebrew. Despite this hint, we accepted it, and the Arabs of Palestine dealt in it in what was almost an acknowledgment that Palestine was the land of Israel.
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.
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:
In December of 1948, the UN General Assembly passed Resolution 194, recognising that Palestinian people “who want to return to their homes and live in peace with their neighbours should be given ...
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 ...
When discussing the pre-1948 postal history, most philatelists refer to this geographic area as Palestine or the Holy Land, though some also use Eretz Israel. This article surveys the postal history leading up to the area's two current postal administrations, that of the State of Israel and the Palestinian National Authority .
Unfortunately, we’ll also think for a second about scam coins. It’s still very early in the game. And any time a new topic, or in this case, asset class, catches fire, scammers pop up.
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 ...