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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 Palestine Currency Order explicitly excluded Transjordan from its application, but the Government of Transjordan decided to adopt the Palestine pound at the same time as Palestine did.
11 July – A 6.2-magnitude earthquake occurs in the regions of Palestine and Transjordan, killing an estimated 500 people. The effects are especially severe in Jerusalem and Nablus , but damage and fatalities are also reported in many other areas, including parts of Transjordan, in particular the town of Salt .
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 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 Palestinian Liberation Organisation was founded in Cairo in 1964, dedicated to fighting for the ”liberation of Palestine” through armed revolution rather than dwelling on rights issues, a ...
The Palestine pound, used as the currency of the British Mandate for Palestine from 1927 to 1948, was divided into 1,000 mils. Its successor currencies, the Israeli lira and the Jordanian dinar retained the 1 ⁄ 1000 division, respectively named the pruta and fils .
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The Palestinian Rural History Project (PRHP) is an ethnographic fieldwork and oral history preservation initiative with a focus on Palestinian rural history and heritage since the late Ottoman period (–1917), through the British Mandate period (1918–1948) and beyond. The PHRP is curated by Roy Marom.