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Worcester Democrat And The Ledger Enterprise
Pocomoke City, Worcester County, Maryland
What is this article about?
Modern Palestine adopts the dinar, a historical coin from Herod's era originally gold then silver, valued at two English shillings or 50 American cents. It will be secured by British bank notes and circulate independently of the Egyptian pound as a strictly Jewish currency.
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Modern Palestine has adopted as its monetary unit the dinar, or dinarius, of the time of Herod, the Roman governor. Its present value is of two English shillings, or about 50 cents in American money. Originally the dinar was a gold coin issued by the chiefs of the Damascus government and by certain Arabic tribes of the time of Christ.
It became a silver coin as that metal grew more precious. As dinarius the coin became widely known by reason of its use in the literature of the day and since. The dinar was a distinctively Palestinian coin. To give needed support to the young government, the issue of dinars will be secured by an equal sum in British bank notes. The new coin will attain circulation independently of the existing Egyptian pound and be a strictly Jewish affair.-Detroit News.
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Foreign News Details
Primary Location
Modern Palestine
Key Persons
Outcome
the issue of dinars will be secured by an equal sum in british bank notes. the new coin will attain circulation independently of the existing egyptian pound and be a strictly jewish affair.
Event Details
Modern Palestine has adopted as its monetary unit the dinar, or dinarius, of the time of Herod, the Roman governor. Its present value is of two English shillings, or about 50 cents in American money. Originally the dinar was a gold coin issued by the chiefs of the Damascus government and by certain Arabic tribes of the time of Christ. It became a silver coin as that metal grew more precious. As dinarius the coin became widely known by reason of its use in the literature of the day and since. The dinar was a distinctively Palestinian coin.