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During most of the Ptolemaic Kingdom's history, it was a policy that all foreign coinage within Egypt would be confiscated by the state and replaced with Ptolemaic currency. Parallels between Athens and the Ptolemaic Kingdom can be drawn as Athens attempted to introduce a sole currency in its empire. The Ptolemaic Kingdom forced its own ...
ɪ k /; Koinē Greek: Πτολεμαϊκὴ βασιλεία, Ptolemaïkḕ basileía) [6] or Ptolemaic Empire [7] was an Ancient Greek polity based in Egypt during the Hellenistic period. [8] It was founded in 305 BC by the Macedonian Greek general Ptolemy I Soter , a companion of Alexander the Great , and ruled by the Ptolemaic dynasty until ...
The Ptolemaic standard was used by the Ptolemaic Kingdom for its silver coinage from 294 BC. It was based on a tetradrachm of 14.26 g and a drachma of 3.55 g. [19] It was equivalent to the reduced Phoenician standard used in Ptolemaic Coele-Syria and Seleucid Phoenicia. [2] [17] [18]
Reigning for 275 years, the Ptolemaic was the longest and last dynasty of ancient Egypt from 305 BC until its incorporation into the Roman Republic in 30 BC. [ 6 ] [ 7 ] Ptolemy , a general and one of the somatophylakes (bodyguard companions) of Alexander the Great , was appointed satrap of Egypt after Alexander's death in 323 BC.
Ajuran currency; Aksumite currency; Mogadishu currency; Dollar – Rhodesia; Dinar – Sudan; Ekwele (Ekuele) – Equatorial Guinea; Escudo. Angolan escudo; Mozambican escudo; Portuguese Guinean escudo
The three most important standards of the ancient Greek monetary system were the Attic standard, based on the Athenian drachma of 4.3 grams (2.8 pennyweights) of silver, the Corinthian standard based on the stater of 8.6 g (5.5 dwt) of silver, that was subdivided into three silver drachmas of 2.9 g (1.9 dwt), and the Aeginetan stater or didrachm of 12.2 g (7.8 dwt), based on a drachma of 6.1 g ...
In ancient Greece, the drachma (Greek: δραχμή, romanized: drachmḗ, [drakʰmέː]; pl. drachmae or drachmas) was an ancient currency unit issued by many city-states during a period of ten centuries, from the Archaic period throughout the Classical period, the Hellenistic period up to the Roman period.
Despite seemingly enforcing some regulations, Seleucid policy was still somewhat free compared to the Ptolemaic Kingdom which imposed an exclusive royal currency. [5] In coin making process there were similarities with the Ptolemaic coinage. For instance, the Seleucid coins often have a central depression from the coin making process. [8] [9]