The Palestine Currency Board was established under British Mandatory authority in 1927 specifically to issue a currency tied at par to sterling — a deliberate economic integration that served London's interests while keeping Palestinian monetary policy entirely outside local control. The 2 Mils denomination was part of the founding issue, with all coins produced at the Royal Mint in London throughout the series' lifespan. Mintage figures varied sharply across dates; the 1942 and 1944 issues were driven by wartime demand as troops and civilian commerce strained the existing coin supply.
The series ended abruptly in 1947, a year before the Mandate itself terminated.
The Palestine Currency Board was established under British Mandatory authority in 1927 specifically to issue a currency tied at par to sterling — a deliberate economic integration that served London's interests while keeping Palestinian monetary policy entirely outside local control. The 2 Mils denomination was part of the founding issue, with all coins produced at the Royal Mint in London throughout the series' lifespan. Mintage figures varied sharply across dates; the 1942 and 1944 issues were driven by wartime demand as troops and civilian commerce strained the existing coin supply.
The series ended abruptly in 1947, a year before the Mandate itself terminated.