The pound was the currency of Palestine between 1927 and 1948. Until 1918, Palestine used Turkish currency. Following the establishment of the British mandate, the Egyptian pound circulated until 1927, when the Palestinian pound was introduced, equal in value to the pound sterling. It was divided into 1000 mils. In 1948, it was replaced by the Israeli pound at par. This article is about Palestine the region. ... The Turkish lira was the currency of Turkey. ... The Egyptian pound (Arabic: الجنيه المصرى Al-Junieh Al-Misri) is the current legal currency of the Arab Republic of Egypt. ... The pound sterling is the official currency of the United Kingdom (UK). ... 1 lira coin (1971–9) from World Coin Gallery. ...