Irish pound The number of pence in the Irish pound was redefined from 240 to 100, with the penny symbol changing from "d" to "p". The pound itself was not revalued by this act and therefore pound banknotes were unaffected, although the 10 shilling note was replaced by the 50p coin. The new 5 pence coin correlated with the old 1 shilling coin, and the new 10 pence coin correlated with the old 2 shilling coin. New coins were issued of the same dimensions and materials as the corresponding new British coins. The Decimal Currency Act, 1970 made additional provisions for the
British currency in the Middle East Hashemite Kingdom of Transjordan, the Jordanian-ruled West Bank and the Egyptian-occupied Gaza Strip. With the creation of the State of Israel, there was a transitional period of four years between the end of the British Mandate and the adoption of a fully independent currency system. Between 1948 and 1952, the Palestine pound continued to be a legal tender. In August 1948, new banknotes were issued by the Anglo Palestine Company, owned by the Jewish Agency and based in London. In Jordan, the Palestine pound was replaced by the Jordanian dinar in 1949. In 1950, Jordan annexed the West Bank, and