Egyptian pound
Until 1918, Palestine was an integral part of the Ottoman Empire and therefore used its currency, the Ottoman lira. During 1917 and 1918, Palestine was occupied by the British army, who set up a military administration. The official currency was the Egyptian pound, which had been first introduced into Egypt in 1834, but several other currencies were legal tender at fixed exchange rates that were vigorously enforced. After the establishment of a civil administration in 1921, the High Commissioner Herbert Samuel ordered that from 22 January 1921 only Egyptian currency and the British gold sovereign would be legal tender.