"So that is why we don't want to go into it." Instead, the PMA is building an independent, central Palestinian bank with its own cryptocurrency, the (http://www.al-monitor.com/pulse/ru/contents/articles/originals/2017/04/west-bank-schools-palestinian-currency.html) Palestinian pound
The Palestinian pound
is still some way off, however.
JERICHO, April 13, 2017 (WAFA) -- In a step seen as acquainting young Palestinians with the Palestinian pound
, which was the Palestinian currency until Israelae1/4aos creation in 1948 and the Palestinian dispersion that resulted from it, Jericho school are set to start a project in which students will be able to use the pound to buy stuff from the schoolae1/4aos kiosk.
Finally, recognition of the Palestinian Pound
as the historic Palestinian currency has increased by 26.3%.
It would be "independent" and would mean a "bank capable of introducing a strong Palestinian currency." Palestine had its own currency, the Palestinian pound
, prior to the establishment of the State of Israel in 1948.
Before the creation of the state of Israel in 1948, the Palestinian currency was the Palestinian pound
. Palestinians currently use the Israeli shekel as the primary currency, which is followed by the Jordanian dinar and the U.S.
Under this project, the scope of Arab land is calculated at 4,851,613.98 dunums (one dunum equals 1,000 square meters), with a value of 224,815,931 Palestinian pounds
(one Palestinian pound
in 1948 was the equivalent of U.S.
If the Government of Israel insists upon keeping the Palestinian territories within a single economic framework with the State of Israel, there could suddenly flow into this shared economy an enormous amount of Palestinian Pound
notes and coins, with vast economic effects unforeseen and uncontrolled by the eminent economist Stanley Fisher, who apparently failed in his bid to head the IMF and will have to remain at the head of the Bank of Israel.And yet, what if all this does not help the Palestinians?
"I am truly proud to have Palestinian pounds
in Arabic, English and Hebrew," he says, beaming.
Also I need Newt Gingrich to know that it took two Palestinian pounds
(local language called Jeneh Philestinee) to pay for the tuition at FBS (1920's) when our uncle Hanna Khoury was a student which was a huge financial burden for his father the local Orthodox priest in Taybeh.)
Abu Saleh Abdel Hajj left Palestine in 1949, bringing with him only the contents of his pockets: 3,800 Palestinian pounds
, and an identity card that proved he was a member of the British Mandate's Palestine Police.
Also I need New Gingrich to know that it took two Palestinian pounds
(local language called Jeneh Philestinee) to pay for the tuition at FBS (1920's) when our uncle Hanna Khoury was a student which was a huge financial burden for his father the local Orthodox priest in Taybeh.