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1-lira note dated 1875 but not issued until 1880; it contains text in Persian, Turkish, French, Greek, Armenian and Arabic Lira of Mehmed V, 1911. The pound or lira (sign: LT; Ottoman Turkish: ليرا, romanized: līrā; French: livre turque; Greek: οθωμανική λίρα, romanized: othomanikí líra; Armenian: Օսմանյան լիրա, romanized: Osmanyan lira; Arabic: ليرة ...
In 1844, the Turkish gold lira was introduced as the new standard denomination. It was divided into 100 silver kuruş and the kuruş continued to circulate until the 1970s. Kuruş eventually became obsolete due to the chronic inflation in Turkey in the late 1970s. A currency reform on 1 January 2005 provided its return as 1 ⁄ 100 of the new lira.
The Turkish lira partially recovered in early 2021 with the government's increase in interest rates. However, the currency began to crash due to inflation and depreciation starting on 21 March 2021, after the sacking of Central Bank chief Naci Ağbal. The Turkish lira reached a then-all-time-low of ₺8.8 to the dollar on 4 June.
This page was last edited on 17 October 2016, at 09:32 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
When the Ottoman Empire collapsed between 1918 and 1922, many of the successor states retained the lira as their national currency. In some countries, such as Cyprus, which have belonged to both the Ottoman Empire and the British Empire, the words lira and pound are used interchangeably.
50 para of 1965 40 Ottoman para, 1918. The para (Ottoman Turkish: پاره, romanized: pare, para, from Persian پاره, Sorani Kurdish: پارە pâre, 'piece'; [1] [2] 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.
The Ottoman Empire [l] (/ ˈ ɒ t ə m ə n / ⓘ), also called the Turkish Empire, [24] [25] was an imperial realm [m] 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. [26] [27] [28]
The akçe or akça (also spelled akche, akcheh; Ottoman Turkish: آقچه; Turkish pronunciation:, , in Europe known as asper or aspre) was a silver coin which was the chief monetary unit of the Ottoman Empire and was once used by Aq Qoyunlu in the early period. [1]