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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.
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 Israeli pound (לירה ישראלית, "lira yisraelit") was the currency of the State of Israel from June 1952 until it was replaced with the shekel on 24 February 1980. From 1955, after the Bank of Israel was established and took over the duty of issuing banknotes , only the Hebrew name was used, along with the symbol "IL". [ 8 ]
The Palestine pound before 1948 was not an Arab currency, it was a currency issued by the British colonial authorities in cooperation with the Zionist Anglo-Palestine company. It was used throught Palestine and until 1946 in Transjordan, so Palestinian Arabs used it too. DrorK 15:04, 31 May 2007 (UTC)
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 ...
In 1927, the British administration of the Palestinian Mandate established the Palestine Currency Board which issued the Palestine pound which was the official currency in both Mandatory Palestine and the Emirate of Transjordan. Though Jordan became an independent kingdom on 25 May 1946, it continued to use the Palestinian pound for a while.
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 ...
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. Pruta from the reign of Agrippa I