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Palestine and the Pound: Government Issues Public Notice Declaring No Difference Between Paper Pound

The Government has issued a public notice here drawing attention to the misapprehension which exists in certain sections of the population concerning the relative value of Palestine currency notes and of silver and nickel coins. Both paper and coins, the statement says, are fully secured above their face value in London, and there is no difference between the paper pound and silver, or nickel coins.

The Government warns against any attempt at profiteering being made in Palestine, by exploiting the situation.

While an increase in the prices of imported articles from certain countries whose currency is not based on the sterling is justifiable, the statement says, similar considerations do not, however, apply to local agricultural products.