Arafat to demand Palestine's gold
Monday 13 December 1993
Mr Arafat, who arrives in London tomorrow for two days of talks, always carries a Palestinian pound note dating back to the days of the British mandate. 'Where is the gold to cover this pound?' he asked this week.
While Mr Arafat was still a guerrilla leader the gold had little political value; but the pound note, issued by the Palestine Currency Board - which was backed by gilt-edged stock issued by the Bank of England - was more 'historic evidence' that a Palestinian political entity issuing currency existed before the birth of Israel in 1948.
The gold reserves, sought by Mr Arafat as the recognised head of a new Palestinian entity, have apparently disappeared. Some former civil servants in the Palestine administration say the gold was divided between Israel and Jordan, which annexed the West Bank until it was lost to Israel in the Six-Day War. British officials have said that all Palestinian claims were honoured by 1986.
The issue has given the Arab nationalist press a golden opportunity to hurl abuse at 'John Bull' for 'robbing the gold' - in addition to the old accusation of 'giving Arab Palestine to the Zionists'.
Apple's Tim Cook: Business isn’t just about making profit
Thousands of young people forced to go without food after benefits wrongly stopped under 'draconian' new sanctions regime
Ukraine crisis: New navy chief 'defects' and surrenders Crimean HQ as Putin claims ultranationalists forced intervention
Britain's top vet sparks controversy with call for ban on slashing animals' throats in 'ritual' slaughters for halal and kosher meat products
Ukraine crisis: Russia dismisses '3am ultimatum' as 'total nonsense'
If you're horrified by a flame-roasted dog, you should be shocked at a hog roast
- 1 The future of sex: The first female condoms were derided, mistrusted and shunned - but will their modern counterparts catch on?
- 2 South African rhino finally put down after roaming Kruger park for days with horn hacked off and bullet in brain
- 3 Italian pensioner hires an escort who turns out to be his son's girlfriend
- 4 Orgasm machine to deliver climax at the push of a button
- 5 Liam Neeson turned down James Bond role to marry Natasha Richardson
£12000 per annum: Inspiring Interns: A small but growing chain of boutique hot...
£12000 per annum: Inspiring Interns: The company works with Tier 1 FTSE 100 Ba...
£45 - 60k Per Annum: Charter Selection: Highly profitable leisure brand, marke...
£30000 - £50000 per annum + Highly Competitive Salary: Austen Lloyd: Residenti...