The Palestinian pound in Cyprus in 1942: The story of a currency that crossed the sea
In 1942, during World War II, Cyprus experienced a unique monetary event: the adoption of the Palestinian pound as temporary legal tender. This decision stemmed from a liquidity crisis facing the island, prompting the British authorities to take the unusual step of extending the use of another colony's currency. Historically, the Palestinian pound was the official currency in…
June 11, 2025