100 Mils

The Palestine Currency Board was established under British Mandate authority in 1927, deliberately modeled on the East African Currency Board — a colonial mechanism designed to tie the local currency one-for-one to sterling with no central bank, no discount facility, and no capacity for monetary policy. The pound Palestine was fully backed by London securities, meaning every coin struck represented a real transfer of capital out of the territory.

Production ran across multiple British mints through 1942, when wartime silver shortages began forcing reconsideration of the denomination's composition. The series ended before those changes were implemented.