Pound to Mils: The Untold Financial Odyssey of Pre-1948 Palestine

 Pre-1948 Palestinian Banknotes

Pre-1948 Palestinian Coins

Before 1948 (the Nakba), when the State of Israel was established after committing many massacres against the Palestinian people and displacing them from their cities and villages, Palestine was under British colonialism. During this time, the currency used was the Palestinian pound. The Palestinian pound was introduced in 1927 and served as the official currency until the establishment of the Zionist occupation state.

The Palestinian pound was linked to the British pound sterling, and both currencies circulated in the region. Banknotes and coins issued for the Palestinian pound included various symbols and images related to the region.

The Palestine Pound was replaced by the Israeli Pound. The economic and political changes in the region influenced the currency choices in different areas, with the Jordanian Dinar being used in certain territories, and the Israeli Shekel becoming the official currency in Israel.

The Palestinian Pound was subdivided into 1,000 mils. Mils were used as a subunit for both coins and banknotes. Mils were commonly used in smaller denominations of coins, such as 1 mil, 2 mills, 5 mils, 10 mils, 20 mils, 50 mills, and 100 mils.Pounds were used for larger denominations, such as 1 Pound, 5 Pounds, 10 Pounds, 50 Pounds, and 100 Pounds.  

About Admin

Youth's poetry ignites my quest, Against oppression, I protest. In Palestine's struggle, voices rise, For freedom, peace, justice, my cries.
This entry was posted in Palestinian art & culture, Palestinian history and tagged , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *