An international law expert revealed the true motive behind Britain’s refusal to recognize the Palestinian state, despite the British House of Commons’ decision to recognize it.
Britain also abstained from voting in the United Nations General Assembly to recognize the Palestinian state.
The expert said:
The Mandate issued by the League of Nations in 1922 granted Britain guardianship over Palestine in all administrative, political, and military affairs.
There was a civil administration under the supervision of the British High Commissioner, including the Palestine Monetary Authority as a central bank. The Palestinian pound was issued with the approval of the British Mandate Authority, with an equal amount of gold backing.
The expert added, “On May 15, 1948, the balance was approximately 138 million pounds. Prior to the end of the mandate, Britain froze all the funds of the Palestine Monetary Board under a law called the British Defense Financial Act.
These funds, equivalent to 1,000 tons of gold, were sent to London. Experts estimate the current value of these funds at around $70-80 billion, while their cumulative value over the course of 72 years of occupation exceeds $6 trillion.”
The expert explained that the Jordanian government had returned to Britain the Palestinian pounds it had held in 1950 and received their equivalent in gold, as did the Zionist entity. He pointed out that Israel and Jordan would reclaim their Palestinian pounds in gold. The Palestinian Monetary Authority’s deposits in Britain remain pending the emergence of a legal successor to the Palestinian government.
If Britain recognizes the Palestinian state, the Palestinian Authority, or the entity that will be the legitimate representative of the Palestinian state, will become the legal successor to the pre-1948 Palestinian government and the Palestinian Monetary Authority.
Britain must return the Palestinian deposits, along with accrued interest over 72 years, or at least their value in gold, which amounts to approximately $80 billion at today’s exchange rate.
The Palestinian pound is currently worth approximately $800, otherwise it will face legal action in British and international courts.
The expert emphasized that returning Palestinian funds to the representative of the Palestinian state could bring maybe the bankruptcy of the British treasury, or at the very least, a financial catastrophe whose effects would reverberate for years to come.
The Zionists, UK, USA and Western nations have been robbing Palestine for 8 decades or more… who can stop them and free Palestine?
Dr Khaled Zidane, a Palestinian.
