There is a total of 3,684,664pond in currency in circulation in Palestine, reports William Joseph Johnson, State Treasurer, who acts as Currency Officer. Of this sum 3,273,052pound are in notes and 411,612pound in coinage.
The total number of notes in circulation here aggregates 2,168,552 and of silver and bronze coins 14,495,000. Of note currency, the bulk–1,428,452–are of 1pound denominations, and of coins the bronze quarter-cent and half-cent pieces number three million and the five mils or cent pieces number 3,060,000. There are 3,430,000 five-piastre coins, or quarters, and 2,260,000 ten mil pieces or dimes.
This increase in currency reflects the expanded activities in the country, caused by an influx of German Jews and others.
JTA has documented Jewish history in real-time for over a century. Keep our journalism strong by joining us in supporting independent, award-winning reporting.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.