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Egyptian Piastre
The piastre ( Egyptian: ersh, قرش) was the currency of Egypt . It was subdivided into 40 ''para'', each of 3 '' akçe''. History The piastre was based on the Turkish kuruş, introduced while Egypt was part of the Ottoman Empire. As in Turkey, 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, while continuing to circulate it at face value. A coin is said to be debased ... lead to the piastre falling significantly in value. In 1834, the pound, or gineih (Arabic), was introduced as the chief unit of currency, worth 100 piastre. The piastre continues in use to the present day as a subdivision of the pound. The piastre continued to circulate, with the piastre subdivided into 40 para. In 1885, the para ceased to be issued, and the piastre was divided into tenths ( '' 'oshr el-qirsh''). These tenths were renamed milliemes (''malleem'') in 1916. Coi ...
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Egyptian Arabic
Egyptian Arabic, locally known as Colloquial Egyptian, or simply as Masri, is the most widely spoken vernacular Arabic variety in Egypt. It is part of the Afro-Asiatic language family, and originated in the Nile Delta in Lower Egypt. The estimated 111 million Egyptians speak a continuum of dialects, among which Cairene is the most prominent. It is also understood across most of the Arabic-speaking countries due to broad Egyptian influence in the region, including through Egyptian cinema and Egyptian music. These factors help make it the most widely spoken and by far the most widely studied variety of Arabic. While it is primarily a spoken language, the written form is used in novels, plays and poems (vernacular literature), as well as in comics, advertising, some newspapers and transcriptions of popular songs. In most other written media and in radio and television news reporting, literary Arabic is used. Literary Arabic is a standardized language based on the langu ...
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Para (currency)
The ''para'' (; from , meaning 'piece') was a term given to former currencies of the Ottoman Empire, Turkey, Egypt, Montenegro, Albania and Yugoslavia and is the current subunit, although rarely used, of the Serbian Serbian dinar, dinar. In 1524, the Ottoman law code of Egypt (kanunname) referred to the Mamluk Egyptian coin ''medin'' as ''pare'' and set its value as 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, equalling 40 ''para''. 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 currency before the intro ...
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Akçe
The ''akçe'' or ''akça'' (anglicized as ''akche'', ''akcheh'' or ''aqcha''; ; , , in Europe known as '' asper'') was a silver coin mainly known for being the chief monetary unit of the Ottoman Empire. It was also used in other states including the Anatolian Beyliks, the Aq Qoyunlu, and the Crimean Khanate. The basic meaning of the word is "silver" or "silver money", deriving from the Turkish word () and the diminutive suffix . Three s were equal to one . One-hundred and twenty 's equalled one . Later after 1687 the ' became the main unit of account, replacing the . In 1843, the silver ' was joined by the gold lira in a bimetallic system. Its weight fluctuated; one source estimates it between 1.15 and 1.18 grams. The name ' 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 ' in 1441 when it was captur ...
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Turkish Kuruş
Turkish may refer to: * Something related to Turkey ** Turkish language *** Turkish alphabet ** Turkish people, a Turkic ethnic group and nation *** Turkish citizen, a citizen of Turkey *** Turkish communities in the former Ottoman Empire * The word that Iranian Azerbaijanis use for the Azerbaijani language * Ottoman Empire (Ottoman Turkey), 1299–1922, previously sometimes known as the Turkish Empire ** Ottoman Turkish, the Turkish language used in the Ottoman Empire * Turkish Airlines, an airline * Turkish music (style), a musical style of European composers of the Classical music era * Turkish, a character in the 2000 film '' Snatch'' See also * * * Turk (other) * Turki (other) * Turkic (other) * Turkey (other) * Turkiye (other) * Turkish Bath (other) * Turkish population, the number of ethnic Turkish people in the world * Culture of Turkey * History of Turkey ** History of the Republic of Turkey * Turkic languages ...
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Ottoman Empire
The Ottoman Empire (), also called the Turkish Empire, was an empire, imperial realm that controlled much of Southeast Europe, West Asia, and North Africa from the 14th to early 20th centuries; it also controlled parts of southeastern Central Europe, between the early 16th and early 18th centuries. The empire emerged from a Anatolian beyliks, ''beylik'', or principality, founded in northwestern Anatolia in by the Turkoman (ethnonym), Turkoman tribal leader Osman I. His successors Ottoman wars in Europe, conquered much of Anatolia and expanded into the Balkans by the mid-14th century, transforming their petty kingdom into a transcontinental empire. The Ottomans ended the Byzantine Empire with the Fall of Constantinople, conquest of Constantinople in 1453 by Mehmed II. With its capital at History of Istanbul#Ottoman Empire, Constantinople (modern-day Istanbul) and control over a significant portion of the Mediterranean Basin, the Ottoman Empire was at the centre of interacti ...
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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, while continuing to circulate it at face value. A coin is said to be debased if the quantity of gold, silver, copper or nickel in the coin is reduced. Examples Roman Empire In Roman currency, the value of the denarius was gradually decreased over time as the Ancient Rome, 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. Ottoman Empire Weight of akçe in grams of silver and ind ...
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Egyptian Pound
The Egyptian pound ( ; abbreviations: £, E£, £E, LE, or EGP in Latin alphabet, Latin, and in Arabic script, Arabic, ISO 4217, ISO code: EGP) is the official currency of Egypt. It is divided into 100 piastres, (or qirsh, ; ''plural'' ; abbreviation: PT, short for "piastre tarif")) and was historically divided into 1,000 milliemes (  ; , abbreviated to ''m'' or ''mill''). Since July 6, 2022, the 10- and 20-pound notes have been made out of polymer plastic paper. History At the beginning of the 19th century, Ottoman Egypt, Egypt and Ottoman Empire, Turkey shared a common currency, the Ottoman piastre, divided into 40 Para (currency), paras. However, under Muhammad Ali of Egypt, Muhammad Ali, Egypt started to issue its own coinage, and in 1834, , a decree was issued, adopting an exclusively Egyptian monetary system whereby Egypt went into a silver and gold bimetallic standard based on the Maria Theresa thaler rated at 20 piastres. The Maria Theresa thaler was a popular ...
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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 , 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 third century AD led to declining silver and increasing bronze Bronze is an alloy consisting primarily of copper, commonly with about 12–12.5% tin and often with the addition of other metals (including aluminium, manganese, nickel, or zinc) and sometim ...
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Ottoman Egypt
Ottoman Egypt was an administrative division of the Ottoman Empire after the conquest of Mamluk Egypt by the Ottomans in 1517. The Ottomans administered Egypt as a province (''eyalet'') of their empire (). It remained formally an Ottoman province until 1914, though in practice it became increasingly autonomous during the 19th century and was under de facto British control from 1882. Egypt always proved a difficult province for the Ottoman Sultans to control, due in part to the continuing power and influence of the Mamluks, the Egyptian military caste who had ruled the country for centuries. As such, Egypt remained semi-autonomous under the Mamluks until Napoleon Bonaparte's French forces invaded in 1798. After Anglo-Turkish forces expelled the French in 1801, Muhammad Ali Pasha, an Albanian military commander of the Ottoman army in Egypt, seized power in 1805, and established an independent state which became an empire through conquests in Syria, Konya and other regions ...
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Economic History Of Egypt
The economy of Egypt is a developing, mixed economy, combining private enterprise with centralized economic planning and government regulation. It is the second-largest economy in Africa, and 42nd in worldwide ranking as of 2025. Egypt is a major emerging market economy and a member of the African Union, BRICS, and a signatory to the African Continental Free Trade Area (AfCFTA). The country is witnessing a period of economic recovery after facing serious financial challenges. The Egyptian economy has been bolstered by a series of reforms under its sustainable development strategy Egypt Vision 2030, including a dramatic currency flotation in 2024 that led to a 38% depreciation of Egyptian pound against the dollar after securing over $50 billion in international financing. These actions, alongside strategic agreements with global partners such as the IMF, World Bank, the European Union, and the Gulf States, have contributed to an improved credit outlook. Since the 2000s, struc ...
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Modern Obsolete Currencies
Modern may refer to: History *Modern history ** Early Modern period ** Late Modern period *** 18th century *** 19th century *** 20th century ** Contemporary history * Moderns, a faction of Freemasonry that existed in the 18th century Philosophy and sociology * Modernity, a loosely defined concept delineating a number of societal, economic and ideological features that contrast with "pre-modern" times or societies ** Late modernity Art * Modernism ** Modernist poetry * Modern art, a form of art * Modern dance, a dance form developed in the early 20th century * Modern architecture, a broad movement and period in architectural history ** Moderne, multiple architectural styles ** Modernisme a.k.a. Catalan Modernism * Modern music (other) Geography *Modra, a Slovak city, referred to in the German language as "Modern" Typography * Modern (typeface), a raster font packaged with Windows XP * Another name for the typeface classification known as Didone (typography) * Modern ...
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