Posted 05/13/2013 03:27 am
Prior to 1864, paper money was virtually unknown in the Ottoman Empire, but government treasury notes saw limited use. The only banknote-issuing authority in the Ottoman Empire from 1864 was the Banque Imperiale Ottomane; their notes would have circulated in Egypt and Palestine. The Egyptian national bank opened in 1898 and these notes may have circulated unofficially in Palestine from that time, alongside the official Ottoman notes. According to Wikipedia:
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Until 1918, the region known as Palestine was an integral part of the Ottoman Empire and therefore used its currency, the Ottoman lira. Following the institution of the British Mandate for Palestine, the Egyptian pound also circulated alongside the Ottoman lira until 1927. This created an unsatisfactory situation which required a currency reform.
Until 1918, the region known as Palestine was an integral part of the Ottoman Empire and therefore used its currency, the Ottoman lira. Following the institution of the British Mandate for Palestine, the Egyptian pound also circulated alongside the Ottoman lira until 1927. This created an unsatisfactory situation which required a currency reform.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
