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A 500 mil (£P 1 ⁄ 2) note issued by the Anglo-Palestine Bank in Jaffa in 1948.. The Palestine pound (Arabic: جُنَيْه فِلَسْطَينِيّ, junayh filastini; פונט פלסטיני |funt palestina'i or Hebrew: לירה, romanized: lira Palestinay'it; Sign: £P [1] [2] [improper synthesis?]) was the currency of the British Mandate of Palestine from 1 November 1927 to 14 May 1948 ...
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:
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 state of Israel was nevertheless founded under prime minister David Ben-Gurion on 14 May 1948 with the end of the British Mandate, winning immediate recognition from the US and Soviet Union ...
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 ...
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 ...
Economy of Mandatory Palestine refers to the economy and financial development of the British Mandatory Palestine between 1920 and 1948.. Between 1922 and 1947, the annual growth rate of the Jewish sector of the economy was 13.2%, mainly due to immigration and foreign capital, while that of the Arab was 6.5%.
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 .