What is the name of the currency used in Palestine?

Answer 1

Arabs who live in Gaza and the West Bank currently use the Israeli Sheqel as their currency for a variety of reasons. Firstly, the Palestinian economy is not strong enough to build a mint, let alone properly regulate a currency. Also Israel does a lot of tax collection for Palestine and having the same currency reduces problems associated with that collection. There is also occasional use of other Arab currencies to a far lesser degree.

There was a time in the late 1920's when the Western powers created a "Palestinian" currency in line with the Balfour Declaration, but this, along with many other institutions, was scrapped by the local Arabs with no better alternative to replace it. Even to this day they continue to use the currency of their sworn enemy Israel.

Answer 2

If you are referring to the Palestine - British mandatein Israel, then the currency was Mill.

If you meant to the Palestinian territories then the Currency used is Jordanian dinar, Egyptian Pound, Israeli new sheqele.

The Palestinian territories are not a country yet, hence do not have their own currency.

Answer 3

1 Israeli shekel = 0.296104075 Canadian dollars 1 Israeli shekel = 0.296104075 Canadian dollars

Answer 4

State of Palestine uses Israel sheqel currency since it is unable to mint its own coins given the current occupation. (ILS Currency Code)

Answer 5

Gaza uses a hodgepodge of different currencies, primarily the Israeli Shekel, but also the Egyptian Pound to a lesser degree.