1 Pound
Egypt; British Mandate of Palestine; the birth of Palestine Currency Board - 1917-1927 & Post 1927
WWI was coming to an end in 1917; the British forces defeated the Ottoman forces and took over Palestine. The British forces advanced to occupy Palestine from Egypt. Then at a later stage, the whole Syria-Palestine province was occupied and; then, was divided into two ‘spheres of influences’, which were Palestine & Trans-Jordan under the British occupation and Syria & Lebanon under the French occupation. (Sykes–Picot Agreement)
50 Pound – Mameluke Tombs with camel caravans
Egypt PaPer Money
The drastic transition of Palestine from being under the Ottoman’s ruling to being under the British Military occupation left its monetary system in dilemma. General Allenby (head of the British forces in Egypt and then lately in Palestine), realizing the uncertainty, declared the Egyptian pound as the legal tender in all areas of Palestine, occupied by British forces, as an interim solution. The declaration was dated April 23rd of 1917; and that was after reaching an agreement with the Egyptian government.
The Egyptian paper money was circulated and used in Palestine from 1917 until 1927.
Note:
The Egypt paper money denominations were defined as follows:
1) 5 Piastres
2) 10 Piastres
3) 25 Piastres – shore of the Nile river with ships
4) 50 Piastres – Sphinx on the left
5) 1 Pound
6) 5 Pound
7) 10 Pound – Mosque of Sultan Kaluan
8) 50 Pound – Mameluke Tombs with camel caravans
9) 100 Pound
The decision of using Egyptian Pound as the legal tender in Palestine was an interim solution; the idea of issuing a unique currency for Palestine was the ultimate objective, especially by the Anglo-Palestine.