Treasure Trove: David Matlow looks at the evolution from Palestine pounds to Israeli shekels
The Palestine pound was introduced by the British in 1927 to replace the Egyptian pound and British sterling as the official currency. The banknotes and coins had inscriptions in Hebrew, Arabic and English. Bracketed beside the word Palestine in Hebrew were the letters ‘aleph’ and ‘yud’ for Eretz Yisrael (Land of Israel), which angered members of […]