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.

The Palestinian pound also served as the Jordanian pound. It was replaced in Jordan by the Jordanian dinar.

Currencies of Asia and the Pacific | Modern obsolete currencies | Palestinian history | לירה ארץ ישראלית