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'{{Infobox Currency | currency_name_in_local = &rlm;جنيه فلسطيني&rlm; <small>{{ar icon}}</small><br/>&rlm; פונט פלשתינאי (א"י) &rlm; <small>{{he icon}}</small> | image_1 = 1 Palestine Pound 1939 Obverse.jpg | image_title_1 = 1939 One Palestine Pound | using_countries = [[Mandatory Palestine]]<br/>[[Emirate of Transjordan]] | subunit_ratio_1 = 1/1000 | subunit_name_1 = [[Mill (currency)|Mill]] | symbol = | used_coins = 1, 2, 5, 10, 20, 50, 100 mils | used_banknotes = 500 mils, 1, 5, 10, 50, 100 pounds | issuing_authority = Palestine currency Board | printer = [[De La Rue|Thomas De La Rue]] | obsolete_notice = Y }} [[File:Five hundred mils.jpg|right|thumb|260px|A 500 mil (½ pound) note issued by the Anglo-Palestine Bank in Tel Aviv in 1948]] The '''Palestine pound''' ({{lang-ar|جُنَيْه فِلَسْطَينِيّ}}, ''junyah filastini''; {{lang-he-n|פֿוּנְט פַּלֶשְׂתִינָאִי א"י))}}, ''funt palestina'i (eretz-yisra'eli)'', also {{lang-he-n|לירה א"י))}} ''lira eretz-yisra'elit'') was the [[currency]] of the [[Mandatory Palestine|British Mandate]] from 1927 to May 14th 1948 and of the State of [[Israel]] between May 15th 1948 and August 1948, when it was replaced with the [[Israeli lira]]. It was divided into 1000 ''mils'' (Arabic: {{lang-ar|مِل}}, Hebrew: {{lang-he|מִיל}}). The ''Palestine pound'' was also the currency of [[Transjordan]] until 1949 and the [[West Bank]] until 1950. ==History== Until 1918, the region known as [[Ottoman Syria|Palestine]] was an integral part of the [[Ottoman Empire]] and therefore used its currency, the [[Ottoman lira]]. Following the institution of the [[British Mandate for Palestine]], the [[Egyptian pound]] also circulated alongside the ''Ottoman lira'' until 1927. This created an unsatisfactory situation which required a currency reform. The Palestine pound was introduced, equal in value to the [[Pound sterling]]. The Palestine pound was also declared a legal tender in the Transjordan Emirate, which was technically a part of the British Mandate, though having an autonomous local administration. The body which governed the issue of the currency was the Palestine Currency Board, which was subject to the British [[Colonial Office]]. The Currency Board was dissolved in May 1948, as the British Mandate ended. The area in which the Palestine pound circulated was divided into several political entities: the [[Israel|State of Israel]], the [[Jordan|Hashemite Kingdom of Transjordan]] , the [[Occupation of the West Bank by Jordan|Jordanian-occupied West Bank]] and the [[Occupation of the Gaza Strip by Egypt|Egyptian-occupied Gaza Strip]]. In Israel, there was a transitional period of 4 years between the end of the British Mandate and the adoption of a fully independent currency system. Between 1948 and 1952 the Palestine pound continued to be a legal tender. In August 1948, new banknotes were issued by the [[Anglo Palestine Company]], owned by the [[Jewish Agency]] and based in London. In [[Jordan]], the Palestine pound was replaced by the [[Jordanian dinar]] in 1949. In 1949, Jordan annexed the [[West Bank]], but the Palestine pound continued to circulate until 1950. The Jordanian dinar is still legal tender in the West Bank along with [[Israel new shekel|Israel shekel]]. In the Gaza Strip, the Palestine pound circulated until April 1951, when it was replaced by the Egyptian pound, three years after the Egyptian army took control of the territory. Today, Gaza Strip inhabitants mostly use the Israel shekel. In the [[Oslo Accords]] the [[Palestinian Authority]] was debarred from issuing its own currency and constrained to remain dependent on the Israeli or Jordanian currencies. However, the Palestinians were able to issue [[Postage stamps and postal history of the Palestinian National Authority|postage stamps]] and these were valued in terms of the Palestine pound, which Palestinian economists and officials declared to be a still-existent (though at present "dormant") currency, to be revived after Palestinian independence. In practice, prices in the Palestinian territories are quoted in Israel currency. There is a report that the Palestinian authorities are considering issuing new banknotes and coins in 2011.<ref>[http://banknotenews.com/files/8522e7c09551696d2ad8f811cc2235c4-1270.php Possible new series]</ref> ==Coins== In 1928, coins were introduced in [[Denomination (currency)|denominations]] of 1, 2, 5, 10, 20, 50 and 100 mils. The 1 and 2 mils were struck in bronze, whilst the 5, 10 and 20 mils were holed, cupro-nickel coins, except for during [[World War II]], when they were also minted in bronze. The 50 and 100 mils coins were struck in .720 silver. All the denominations were trilingual in [[Arabic language|Arabic]], [[English language|English]] and [[Hebrew language|Hebrew]]. The Hebrew inscription includes the initials Alef Yud after "Palestina", for "Eretz Yisrael" ([[Land of Israel]]). The last coins were issued for circulation in 1946, with all 1947 dated coins being melted down. {|class="wikitable" style="font-size: 90%" !colspan="9"| Palestinian Pound Coinage |- !rowspan="2"| Image !!rowspan="2"| Value !!colspan="3"| Technical parameters !!colspan="3"| Description !!rowspan="2"| Date of first minting |- ! Diameter !! Mass !! Composition !! Edge !! Obverse !! Reverse |- |align="center"| [[File:0,01 palestinian pouns .gif|119px|1 mils]] | 1 mil | 21&nbsp;mm | 3.23 g |rowspan="2"| [[Bronze]] |rowspan="5"| Plain |rowspan="5"| "Palestine" in [[Arabic language|Arabic]], [[English language|English]], and [[Hebrew language|Hebrew]],<br>year of minting |rowspan="2"| Value in [[Arabic language|Arabic]], [[English language|English]], and [[Hebrew language|Hebrew]],<br>[[olive]] sprig |rowspan="7"| 1927 |- |align="center"| [[File:0.02 palestinian pouns .gif|162px|2 mils]] | 2 mils | 28&nbsp;mm | 7.77 g |- |align="center"| [[File:0,05 palestinian pouns .gif|120px|5 mils]] | 5 mils | 20&nbsp;mm | 2.91 g |rowspan="3"| [[Cupro-nickel]] |rowspan="5"| Value in [[Arabic language|Arabic]], [[English language|English]], and [[Hebrew language|Hebrew]] |- |align="center"| | 10 mils | 27&nbsp;mm | 6.47 g |- |align="center"| | 20 mils | 30.5&nbsp;mm | 11.33 g |- |align="center"| [[File:Palestine 02.gif|173px|50 mils]] | 50 mils | 23.5&nbsp;mm | 5.83 g |rowspan="2"| 720‰ [[Silver]] |rowspan="2"| Reeded |rowspan="2"| "Palestine" in [[Arabic language|Arabic]], [[English language|English]], and [[Hebrew language|Hebrew]],<br>year of minting, [[olive]] sprig |- |align="center"| [[File:Palestine 01.gif|174px|100 mils]] | 100 mils | 29&nbsp;mm | 11.66 g |- |colspan="9"|{{Standard coin table notice|standard_scale=Y|BrE=Y}} |} ==Banknotes== On 1 November 1927, banknotes were introduced by the Palestine Currency Board in denominations of 500 mils, 1, 5, 10, 50 and 100 pounds. Notes were issued with dates as late as 15 August 1945.<ref>{{cite book | last1 = Linzmayer | first1 = Owen | title = The Banknote Book | chapter = Palestine | publisher = www.BanknoteNews.com | year = 2012 | location = San Francisco, CA | url = http://www.banknotebook.com}}</ref> {|class="wikitable" style="font-size: 90%" !colspan="12"| Palestinian Pound Banknotes |- !colspan="2"| Image !!rowspan="2"| Value !!rowspan="2"| Dimensions !!rowspan="2"| Main Colour !!colspan="3"| Description !!rowspan="2"| Date of first printing !!rowspan="2"| Quantity circulated at the end of the Mandate |- ! Obverse !! Reverse !! Obverse !! Reverse !! Watermark |- |align="center" bgcolor="#000000"| [[File:Palestine Mandate Bills 500mil 1927.png|140px|500 mils]] |align="center"| | 500 mils | 127 × 76&nbsp;mm | Purple | [[Rachel's Tomb]] |rowspan="6"| Citadel and [[Tower of David]] |rowspan="6"| [[Olive]] sprig |rowspan="6"| 1 September 1927 |1,872,811 |- |align="center" bgcolor="#000000"| [[File:1 Palestine Pound 1939 Obverse.jpg|140px|1 pound obverse]] |align="center" bgcolor="#000000"| [[:he:קובץ:1 p back.JPG]] | 1 pound | 166 × 89&nbsp;mm | Yellowish green | [[Dome of the Rock]] | 9,413,578 |- |align="center" bgcolor="#000000"| [[:he:קובץ:5p front.jpg]] |align="center"| [[:he:קובץ:5p back.jpg]] | 5 pounds |rowspan="4"| 192 × 103&nbsp;mm | Red | rowspan="4"| Tower of [[Ramla]] | 3,909,230 |- |align="center" bgcolor="#000000"| [[File:pound 10 1939.jpg|140px|10 pounds]] |align="center"| [[:he:קובץ:10 p back.JPG]] | 10 pounds | Blue | 2,004,128 |- |align="center" bgcolor="#000000"| [[:he:קובץ:Pound 50 1929.jpg]] |align="center"| | 50 pounds | Purple | 20,577 |- |align="center" bgcolor="#000000"| [[:he:קובץ:100-palestinian-pounds.jpg]] |align="center"| | 100 pounds | Green | 1,587 |- |colspan="12"|{{Standard banknote table notice|standard_scale=Y|BrE=Y}} |} The 100 pound note was equivalent to 40 months wages of a skilled worker in Palestine.<ref>{{cite book|last=Berlin|first=Howard M|title=The coins and banknotes of Palestine under the British mandate, 1927-1947|publisher=McFarland|location=Jefferson|date=2001|pages=71|isbn=978-0786408795}}</ref> Currently six of them are unaccounted for and four are known to exist in the hand of collectors. Their serial numbers and dates are: * A000719 - 1 September 1927 * A000935 - 1 September 1927 * A001020 – 30 September 1929 * A001088 – 30 September 1929 ==See also== * [[The History of British Currency in the Middle East]]. * [[Postal history of Palestine]] * [[Economy of Israel]] * [[Economy of the Palestinian territories]] * [[Economy of Jordan]] ==References== {{Reflist}} {{refbegin}} * {{numis cite SCWC | date=1991}} * {{numis cite SCWPM | date=1994}} * {{cite book | title= The Coins And Banknotes of Palestine Under the British Mandate, 1927-1947 | last = Berlin | first = Howard | publisher= McFarland & Company | year= 2005 | isbn=0-7864-2445-1 }} {{refend}} ==External links== * [http://www.chiefacoins.com/Database/Countries/Palestine.htm Circulated coins of Palestine 1927-1946] * [http://www.holycoins.com Palestine coins and banknotes under British Mandate MILS ] {{Historical currencies of Israel}} {{Historical currencies of the Palestinian territories|state=collapsed}} {{Economy of Palestine}} {{Pound (currency)}} {{DEFAULTSORT:Palestine Pound}} [[Category:Modern obsolete currencies]] [[Category:Mandatory Palestine]] [[Category:1927 establishments]] [[Category:1950 disestablishments]] [[ar:جنيه فلسطيني]] [[ca:Lliura palestina]] [[cs:Palestinská libra]] [[es:Libra palestina]] [[it:Sterlina palestinese]] [[he:לירה ארץ ישראלית]] [[ro:Liră palestiniană]] [[ru:Палестинский фунт]]'