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Palestine Currency is that of pound which was previously the currency of the British Mandate of Palestine between the years of 1927 till 1948. The Palestine Currency of pound was used by the Emirate of Transjordan until the year of 1949 and by the West Bank until the year 1950. The Palestinian Pound is divided into one thousand mills. The currency of Palestine is issued by the Palestine currency Board.
The Palestine Currency has its coins available in the denominations of 100, 50, 20, 10, 5, 2 and 1 mills. The notes belonging to the Palestinian Currency are available in the denominations of 500, 100, 50, 10, 5 and 1 pounds. The notes of the Currency of Pound are printed from the Thomas De La Rue.
The division of the Palestine pound is similar to the Egyptian system where one hundred piastres is equal to one Egyptian pound. The British system has a non decimal system of currency division where twelve pence is equal to one shilling and twenty shillings are equal to one pound.
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