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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 pruta was introduced shortly after the establishment of the state of Israel, as the 1000th part of the Israeli pound.It replaced the mil, which was the 1000th part of the Palestine pound, a currency issued by the British Mandate of Palestine prior to May 1948.
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 .
Refugees - Today about 5.6 million Palestinian refugees - mainly descendants of those who fled in 1948 - live in Jordan, Lebanon, Syria, the Israeli-occupied West Bank and Gaza.
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:
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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 ...
The Ghazzat hoard or Gaza hoard is a hoard of about 30 Archaic and early Classical Greek and Lycian silver coins discovered underwater near the shore of Gaza, Palestine. [1] [2] The coins belong to a rather narrow period, from the end of the 6th century BCE, to the first quarter of the 5th century BCE (circa 510-475 BCE). [1]