Cryptocurrency Q&A
When did Palestinian coins go out of production?
When did Palestinian coins go out of production?
Tommaso
Sat Dec 21 2024
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6 answers
1598
I'm trying to find out when Palestinian coins stopped being produced. I'm interested in the history of Palestinian currency and want to know the exact date or period when coin production ceased.
6 answers
HanRiverVisionaryWaveWatcher
Mon Dec 23 2024
The British Palestine Mandate ceased to exist in 1948. This event marked the end of British rule in the region and the beginning of a new era for Palestine.
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Giulia
Mon Dec 23 2024
Coin production in Palestine ended a year before the Mandate's termination, specifically in 1947. This decision was likely made due to the political upheaval and uncertainty surrounding the region at that time.
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charlotte_wilson_coder
Mon Dec 23 2024
The coins produced in the final year of production, 1947, were never released into circulation. This means that they were never used as currency in the everyday economy of Palestine.
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Alessandra
Mon Dec 23 2024
Instead of being circulated, the 1947 coins were melted down. This decision likely stemmed from the need to conserve resources and prevent the coins from falling into the wrong hands during the tumultuous political period.
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MysticGlider
Sun Dec 22 2024
Due to their limited production and subsequent melting, the 1947 coins are now considered great rarities in Palestinian currency. They are highly sought after by collectors and numismatists due to their scarcity and historical significance.
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