Palestinian Pound

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Palestinian Pound

The former currency of British Mandate Palestine and Transjordan. It was replaced by the Israeli sheqel in 1948 and the Jordanian dinar in 1950, though Palestinian pounds continued to circulate in some areas.
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The Regime found an answer and economic advantage in the Ha'avara (transfer) negotiations which were concluded in summer 1933 (and continued to function until 1939) with the Jewish Agency, allowing Jews emigrating to Palestinian to deposit part of their assets in Germany and receive Palestine pounds upon arrival in Palestine.
He promised Palestine pounds 200million for political and economic reform.

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