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Kuruş
Kuruş ( ; ), also gurush, ersh, gersh, grush, grosha, and grosi, are all names for currency denominations in and around the territories formerly part of the Ottoman Empire. The variation in the name stems from the different languages it is used in (Arabic, Amharic, Turkish and Greek) and the different transcriptions into the Latin alphabet. In European languages, the kuruş was known as the piastre. Today the kuruş (.') is a Turkish currency subunit, with one Turkish lira equal to 100 kuruş as of the 2005 revaluation of the lira. Until the 1844 subdivision of the former Ottoman gold lira, the kuruş was the standard unit of currency within the Ottoman Empire, and was subdivided into 40 '' para'' or 120 ''akçe''. Name The Turkish word ''kuruş'' ( ota, قروش, ''kurûş''); el, γρόσι, ; plural , ) is derived from the French '' gros'' ("heavy"). It is cognate with the German ''groschen'' and Hungarian ''garas''. History The kuruş was introduced in 1688. It ...
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Ottoman Lira
The lira (sign: LT) was the currency of Ottoman Empire between 1844 when it was replaced by the Turkish lira. The Ottoman lira remained in circulation until the end of 1927, as the republic was not in a position to issue its own banknotes yet in its early years. The Ottoman lira replaced the piastre ("kuruş" in Turkish) as the principal unit of currency in the Ottoman Empire, with the piastre continuing to circulate as a subdivision of the lira, with 100 piastres = 1 lira. The para also continued to be used, with 40 para = 1 piastre. Until the 1930s, the Arabic script was used on Turkish coins and banknotes, with پاره for para, غروش for kuruş and ليرا for lira (تورك ليراسي for "Turkish lira"). In European languages, the kuruş was known as the piastre, whilst the lira was known as the "livre" in French and the "pound" in English. English-language publications used "£T" as the sign for the currency, but it is unknown whether it was ever used natively. B ...
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Turkish Lira
The lira ( tr, Türk lirası; sign: ₺; ISO 4217 code: TRY; abbreviation: TL) is the official currency of Turkey and Northern Cyprus. One lira is divided into one hundred ''kuruş''. History Ottoman lira (1844–1923) The lira, along with the related currencies of Europe and the Middle East, has its roots in the ancient Roman unit of weight known as the libra which referred to the Troy pound of silver. The Roman libra adoption of the currency spread it throughout Europe and the Near East, where it continued to be used into medieval times. The Turkish lira, the French livre (until 1794), the Italian lira (until 2002), Syrian pound, Lebanese pound and the pound unit of account in sterling (a translation of the Latin ''libra''; the word "pound" as a unit of weight is still abbreviated as "lb.") are the modern descendants of the ancient currency. The lira was introduced as the main unit of account in 1844, with the former currency, kuruş, remaining as a subdivision. The ...
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Debasement
A debasement of coinage is the practice of lowering the intrinsic value of coins, especially when used in connection with commodity money, such as gold or silver coins. A coin is said to be debased if the quantity of gold, silver, copper or nickel in the coin is reduced. Example In Roman currency, the value of the denarius was gradually decreased over time as the Roman government altered both the size and the silver content of the coin. Originally, the silver used was nearly pure, weighing about 4.5 grams. From time to time, this was reduced. During the Julio-Claudian dynasty, the denarius contained approximately 4 grams of silver, and then was reduced to 3.8 grams under Nero. The denarius continued to shrink in size and purity, until by the second half of the third century, it was only about 2% silver, and was replaced by the Argenteus. Effects Debasement lowers the intrinsic value of the coinage and so more coins can be made with the same quantity of precious metal. ...
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Para (currency)
The ''para'' ( Turkish , plural: pare . From Persian , 'piece'; Cyrillic: пара) was a former currency of the Ottoman Empire, Turkey, Egypt, Montenegro, Albania and Yugoslavia and is the current subunit, although rarely used, of the Serbian dinar. In 1524, the Ottoman law code of Egypt (kanunname) referred to the Mamluk Egyptian coin ''medin'' as ''pare'' and set its value as 2.5 dirham. Since 1640 the value of para was settled relative to Ottoman currency, at 3 ''akçe.'' In the 16th and 17th centuries ''pare'' were minted in many parts of the empire, in Asia and north Africa. In 1688 the Ottoman ''kuruş'' was introduced, para equaling of a ''kuruş''. In 1844, a ''kuruş'' was, in turn, of the newly introduced Ottoman Lira. The modern Turkish lira is only divided into . In Serbia, the has been the subunit of the dinar since the 19th century. The Montenegrin perper was subdivided into 100 during its brief existence between 1906 and 1918. In Albania, the was used as a ...
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Groschen
Groschen (; from la, grossus "thick", via Old Czech ') a (sometimes colloquial) name for various coins, especially a silver coin used in various states of the Holy Roman Empire and other parts of Europe. The word is borrowed from the late Latin description of a tornose, a ''grossus denarius Turnosus,'' in English the "thick denarius of Tours". Groschen was frequently abbreviated in old documents to ''gl'', whereby the second letter was not an '' l'' (12th letter of the alphabet), but an abbreviation symbol; later it was written as ''Gr'' or ''g''. Names and etymology The name was introduced in 13th-century France as ', lit. "thick penny", whence Old French ', Italian ', Middle High German ', Low German and Dutch ' and English '' groat''. In the 14th century, it appeared as Old Czech ', whence Modern German '. Names in other modern European languages include: * sq, grosh * Church Slavonic-derived languages: Bulgarian, Macedonian, Russian and Serbo-Croatian ('), Uk ...
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Akçe
The ''akçe'' or ''akça'' (also spelled ''akche'', ''akcheh''; ota, آقچه; ) refers to a silver coin which was the chief monetary unit of the Ottoman Empire. The word itself evolved from the word "silver or silver money", this word is derived from the Turkish ''ak'' ("white") and the diminutive suffix -''ça''. Three ''akçe''s were equal to one '' para''. One-hundred and twenty ''akçe''s equalled one ''kuruş''. Later after 1687 the ''kuruş'' became the main unit of account, replacing the ''akçe''. In 1843, the silver ''kuruş'' was joined by the gold lira in a bimetallic system. Its weight fluctuated, one source estimates it is between 1.15 and 1.18 grams. The name ''akçe'' originally referred to a silver coin but later the meaning changed and it became a synonym for money. The mint in Novo Brdo, a fortified mining town in the Serbian Despotate rich with gold and silver mines, began to strike ''akçe'' in 1441 when it was captured by the Ottoman forces for the first ...
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Ottoman Empire
The Ottoman Empire, * ; is an archaic version. The definite article forms and were synonymous * and el, Оθωμανική Αυτοκρατορία, Othōmanikē Avtokratoria, label=none * info page on book at Martin Luther University) // CITED: p. 36 (PDF p. 38/338) also known as the Turkish Empire, was an empire that controlled much of Southeast Europe, Western Asia, and Northern Africa between the 14th and early 20th centuries. It was founded at the end of the 13th century in northwestern Anatolia in the town of Söğüt (modern-day Bilecik Province) by the Turkoman tribal leader Osman I. After 1354, the Ottomans crossed into Europe and, with the conquest of the Balkans, the Ottoman beylik was transformed into a transcontinental empire. The Ottomans ended the Byzantine Empire with the conquest of Constantinople in 1453 by Mehmed the Conqueror. Under the reign of Suleiman the Magnificent, the Ottoman Empire marked the peak of its power and prosperity, as well as ...
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Piastre
The piastre or piaster () is any of a number of units of currency. The term originates from the Italian for "thin metal plate". The name was applied to Spanish and Hispanic American pieces of eight, or pesos, by Venetian traders in the Levant in the 16th century. These pesos, minted continually for centuries, were readily accepted by traders in many parts of the world. After the countries of Latin America had gained independence, pesos of Mexico began flowing in through the trade routes, and became prolific in the Far East, taking the place of the Spanish pieces of eight which had been introduced by the Spanish at Manila, and by the Portuguese at Malacca. When the French colonised Indochina, they began issuing the new French Indochinese piastre (''piastre de commerce''), which was equal in value to the familiar Spanish and Mexican pesos. In the Ottoman Empire, the word piastre was a colloquial European name of Kuruş. Successive currency reforms had reduced the value of the O ...
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Gold
Gold is a chemical element with the symbol Au (from la, aurum) and atomic number 79. This makes it one of the higher atomic number elements that occur naturally. It is a bright, slightly orange-yellow, dense, soft, malleable, and ductile metal in a pure form. Chemically, gold is a transition metal and a group 11 element. It is one of the least reactive chemical elements and is solid under standard conditions. Gold often occurs in free elemental (native state), as nuggets or grains, in rocks, veins, and alluvial deposits. It occurs in a solid solution series with the native element silver (as electrum), naturally alloyed with other metals like copper and palladium, and mineral inclusions such as within pyrite. Less commonly, it occurs in minerals as gold compounds, often with tellurium (gold tellurides). Gold is resistant to most acids, though it does dissolve in aqua regia (a mixture of nitric acid and hydrochloric acid), forming a soluble tetrachloroaurate anion. Go ...
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Billon (alloy)
Billon () is an alloy of a precious metal (most commonly silver, but also gold) with a majority base metal content (such as copper). It is used chiefly for making coins, medals, and token coins. The word comes from the French ''bille'', which means "log". History The use of billon coins dates from ancient Greece and continued through the Middle Ages. During the sixth and fifth centuries BC, some cities on Lesbos used coins made of 60% copper and 40% silver. In both ancient times and the Middle Ages, leaner mixtures were adopted, with less than 2% silver content. Billon coins are perhaps best known from the Roman Empire, where progressive debasements of the Roman '' denarius'' and the Roman provincial ''tetradrachm'' in the second century AD led to declining silver and increasing bronze content in these denominations of coins. Eventually, by the third quarter of the second century AD, these coins were almost entirely bronze, with only a thin coating or even a wash of s ...
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Egypt
Egypt ( ar, مصر , ), officially the Arab Republic of Egypt, is a List of transcontinental countries, transcontinental country spanning the North Africa, northeast corner of Africa and Western Asia, southwest corner of Asia via a land bridge formed by the Sinai Peninsula. It is bordered by the Mediterranean Sea to northern coast of Egypt, the north, the Gaza Strip of State of Palestine, Palestine and Israel to Egypt–Israel barrier, the northeast, the Red Sea to the east, Sudan to Egypt–Sudan border, the south, and Libya to Egypt–Libya border, the west. The Gulf of Aqaba in the northeast separates Egypt from Jordan and Saudi Arabia. Cairo is the capital and list of cities and towns in Egypt, largest city of Egypt, while Alexandria, the second-largest city, is an important industrial and tourist hub at the Northern coast of Egypt, Mediterranean coast. At approximately 100 million inhabitants, Egypt is the List of countries and dependencies by population, 14th-most populat ...
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French écu
French (french: français(e), link=no) may refer to: * Something of, from, or related to France ** French language, which originated in France, and its various dialects and accents ** French people, a nation and ethnic group identified with France ** French cuisine, cooking traditions and practices Fortnite French places Arts and media * The French (band), a British rock band * "French" (episode), a live-action episode of ''The Super Mario Bros. Super Show!'' * ''Française'' (film), 2008 * French Stewart (born 1964), American actor Other uses * French (surname), a surname (including a list of people with the name) * French (tunic), a particular type of military jacket or tunic used in the Russian Empire and Soviet Union * French's, an American brand of mustard condiment * French catheter scale, a unit of measurement of diameter * French Defence, a chess opening * French kiss, a type of kiss involving the tongue See also * France (other) * Franch, a surname * Fren ...
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