Palestine 1927 10 Mils Coin Keychain

This is for one Palestine Coin Keychain. The Keychain is designed as a Palestine 1927 10 Mils coin. This is not a real coin. This Keychain is made from metal of a silver tone color.

Keychain is 1- 1/2" in diameter.

Until 1918, the region known as Palestine was an integral part of the Ottoman Empire and therefore used Turkish currency. Following the establishment of the British mandate of Palestine, the Egyptian pound also circulated alongside the Turkish money until 1927. This created an unsatisfactory situation which required a currency reform. The Palestine pound was introduced, equal in value to the pound sterling. The Palestine pound was also declared a legal tender in the Transjordan Emirate, which was technically a part of the British Mandate (though having an autonomous local administration). The body which governed the issue of the currency was the Palestine Currency Board, which was subject to the British Colonial Office. The Currency Board was dissolved in May 1948, as the British mandate ended. The area in which the Palestine pound circulated was divided into several political entities: the State of Israel (Occupied Land of Palestine from 1948), the Hashemite Kingdom of Jordan, the West Bank and the Gaza Strip.

In Jordan, the Palestine pound was replaced by the Jordanian dinar in 1949. In 1949, Jordan annexed the West Bank, but the Palestine pound continued to circulate until 1950. The Jordanian dinar is still legal tender in the West Bank along with Israeli currency.

In the Gaza Strip, the Palestine pound circulated until April 1951, when it was replaced by the Egyptian pound, three years after the Egyptian army took control of the territory. Today, Gaza Strip inhabitants mostly use the Israeli currency.

In the Oslo Agreements the Palestinian Authority was debarred from issuing its own currency and constrained to remain dependent on the Israeli or Jordanian currencies. However, the Palestinians were able to issue postage stamps and these were valued in terms of the Palestine pound, which Palestinian economists and officials declared to be a still-existent (though at present "dormant") currency, to be revived after Palestinian independence. In practice, prices in the Palestinian territories are quoted in Israeli currency.

Coins

In 1927, coins were introduced in denominations of 1, 2, 5, 10, 20, 50 and 100 mils. The 1 and 2 mils were struck in bronze, whilst the 5, 10 and 20 mils were holed, cupro-nickel coins, except for during World War II, when they were also minted in bronze. The 50 and 100 mils coins were struck in .720 silver.

All the denominations were trilingual in Arabic, English and Hebrew (though the Hebrew inscription includes the initials Alef Yud after "Palestina", for "Eretz Yisrael"). The last coins were issued for circulation in 1946, with all 1947 dated coins being melted down.