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A NUMISMATIC CHRONOLOGY

November 2, 1917
Balfour Declaration Issued.
 
December 8, 1917
General Edmund Henry Allenby enters Jerusalem after defeating the Turkish forces.
December 12, 1918
Public Notice 73A permits only specific currency as legal tender in Palestine. As specified, coins and banknotes from Egypt, France, Belgium, Switzerland, United States, Great Britain, Italy, Austria, Germany, India, and Turkey were to be considered legal tender in Palestine.
January 22, 1921
Only Egyptian gold, notes, silver and nickel coins, as well as British sovereigns are now considered legal tender in Palestine.
April, 1922
San Remo Conference grants the Palestine Mandate to Britain.
July 24, 1922
The League of Nations officially grants Britain the Palestine Mandate.
March, 1924
The High Commissioner of Palestine appoints a committee to report on the currency of Palestine.
June 5, 1926
Under-Secretary of State for Colonial Affairs offers part-time positions on the Palestine Currency Board to Sir Percy Ezechiel, Leslie Couper, and A.J. Harding at the annual salary of £P100.
June 15, 1926
The Palestine Currency Board is constituted and the menbers and Secretary appointed by a minite of the Secretary of State for the Colonies. The adopted unit of currency is the Palestine pound to be equal in value to the British pound sterling and divided into 1000 mils.
August 2, 1926
Regulations signed by the Secretary of State in which the Palestine Currency Board appoints the Treasurer of Palestine to represent it in Palestine as Currency Officer, and Barclays Bank D.C.O. at Jerusalem as its agent for the custody of its local stocks of currency.
February 7, 1927
The Order of His Majesty in Council entitled, "The Palestine Currency Order," is passed.
March 1, 1927
A memorandum relating to the Palestine Currency Order is published by the Palestine government in its official gazette. The Currency Notes Ordinance 1927 is then passed in Palestine constituting as legal tender the currency that will be issued by the Palestine Currency Board.
June 16, 1927
The first shipment of banknotes leaves London.
November 1, 1927
Introduction of the new coins and currency of Palestine begins. Coins of 1, 2, 5, 10, 20, 50, and 100 mils show the 1927 date; 500 mils, £P1, £P5, £P10, £P50, and £P100 banknotes show the September 1, 1927 date.
February 29, 1928
British gold sovereign is withdrawn as legal tender in Palestine.
March 31, 1928
Egyptian notes, gold, silver, and nickel coins previously used in Palestine are demonetized.
September 30, 1929
Palestine Currency Board issues dated 500 mil, £P1, £P5, £P10, £P50, and £P100 banknotes.
1931
Palestine Currency Board issues 50- and 100-mil coins with the 1931 date.
September, 1931
Great Britain abandons the gold standard, prohibiting future minting of gold Palestine coins.
1933
Palestine Currency Board issues 10-, 20-, 50-, and 100-mil coins with the 1933 date.
1934
Palestine Currency Board issues 5-, 10-, 20-, 50-, and 100-mil coins with 1934 date.
1935
Palestine Currency Board issues 1-, 5-, 10-, 20-, 50-, and 100-mil coins with 1935 date.
1937
Palestine Currency Board issues 1-and 10-mil coins with the 1937 date.
1939
Palestine Currency Board issues 1-, 5-, 10-, 50-, and 100-mil coins with the 1939 date.
May, 1939
The MacDonald White Paper is issued, providing for the limit of 15,000 Jewish immigrants annually for a period of five years, as well as empowering the High Commissioner to dramatically limit the purchase of land by Jews.
April 20, 1939
Palestine Currency Board issues £P5 banknotes.
September 7, 1939
Palestine Currency Board issues 500 mil, £P1, £P10, and £P50 banknotes.
1940
Palestine Currency Board issues 1-, 10-, 20-, 50-, and 100-mil coins with the 1940 date.
1941
Palestine Currency Board issues 1-, 2-, 5-, 10-, and 20-mil coins with the 1941 date.
1942
Palestine Currency Board issues 10-, 50-, and 100-mil coins with 1942 date.
February 3, 1942
The Crown Colony government on Cyprus places a request with the Secretary of State for the authority to obtain Palestine Currency Board bankotes.
April 14, 1942
The Palestine Currency Board issues 1-, 2-, 5-, 10-, and 20-mil coins with wartime alloys.
May 6, 1942
£P1 and £P5 Palestine Currency Board notes are placed into circulation on Cyprus.
September 10, 1942
Palestine Currency Board issues £P100 banknotes.
November 17, 1942
All Palestine Currency Board notes are demonetized on Cyprus.
1943
Palestine Currency Board issues 1- and 10-mil coins with the 1943 date.
1944
Palestine Currency Board issues 1-, 5-, and 20-mil coins with the 1944 date.
January 1, 1944
Palestine Currency Board issues £P1, £P5, and £P10 banknotes.
1945
Palestine Currency Board issues 2-mil coins with the 1945 date.
August 15, 1945
Palestine Currency Board issues 500-mil banknotes.
1946
Palestine Currency Board issues 1-, 2-, 5-, and 10-mil coins with the 1946 date with original pre-war alloys.
1947
Palestine Currency Board has 1-, 2-, 5-, and 10-mil coins struck with 1947 date. However, entire issue was withdrawn and melted down although a few specimens remain in mostly private collections.
November 29, 1947
UN General Assembly approves the partition of Palestine.
May 14, 1948
The State of Israel is proclaimed and the British Mandate of Palestine ends.
September 15, 1948
Palestine Currency Board coins and banknotes are demonetized in Israel.
September 30, 1950
Palestine Currency Board banknotes are demonetized in Jordan.
June 9, 1951
Palestine Currency Board coins and banknotes are demonetized in Egypt (Gaza Strip).
June 30, 1951
Palestine Currency Board coins are demonetized in Jordan.