The Palestine pound (Arabic: جُنَيْه فِلَسْطَينِيّ, junayh filastini; פונט פלסטיני |funt palestina'i or Hebrew: לירה, romanized: lira Palestinay'it; Sign: £P[1][2][improper synthesis?])

was the currency of the British Mandate of Palestine from 1 November 1927 to 14 May 1948, and of the State of Israel between 15 May 1948 and 23 June 1952, when it was replaced with the Israeli pound.

The Palestine pound was also the currency of Transjordan until 1949 when it was replaced by the Jordanian dinar, and remained in usage in the West Bank of Jordan until 1950.

[3][4] After the establishment of a civil administration in 1921, the High Commissioner Herbert Samuel ordered that from 22 January 1921 only Egyptian currency and the British gold sovereign would be legal tender.

[6] The board decided that the new currency would be called the Palestine pound, 1:1 with sterling and divided into 1,000 mils.

[9] The Egyptian pound (at the fixed rate of £P1 = £E0.975) and the British gold sovereign remained legal tender until 1 March 1928.

Despite this hint, we accepted it, and the Arabs of Palestine dealt in it in what was almost an acknowledgment that Palestine was the land of Israel.The Currency Board was dissolved in May 1948, with the end of the British Mandate, but the Palestinian pound continued in circulation for transitional periods:[citation needed] Since the mid-1980s, the primary currencies used in the West Bank have been the shekel and the Jordanian dinar.

[19][20] When Israel occupied the Gaza Strip during the 1956 Suez Crisis, the military administration made the Israeli lira (the predecessor to the shekel) the only legal currency in Gaza in a 3 December decree, and implemented a favorable exchange rate to remove all Egyptian pounds from circulation.