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2016-11-16

Economist Calls for Britain to Claim the Gold of Palestine

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Translated by Sabrin Qadah 

Economic analyst called on the formal institutions to claim Britain's stock of Palestine strategic gold, which was controlled by it at the time of its mandate of Palestine, which was used to strengthen and support the Palestinian pound (Palestinian currency circulated until 1952, which was equal to the British pound), and asked, "Where did this stock go?”

Dr. Nasr Abdel Karim said that the Palestinian pound was strong and supported by gold, and Jordan used it before the issuance of the dinar in 1952. This stock is estimated to worth billions of dollars.

Abdul AL Karim- Professor of Finance at the Arab American League- said in statements to the business magazine program, which broadcasts on Palestine TV, in response to a question about obstacles to issue a Palestinian currency: "The Palestinian currency issuance needs trust of whom will carry this coin, and that it is not about the technical procedures and Logos, this currency must be protected so that people can carry it".

He added: "In light of our isolated Palestinian economy, we need a hard currency to cover the Palestinian currency by bringing foreign investments."

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