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Gold coins continued to be minted after the abolition of the gold standard, even into the 1920s, but their value far exceeded the value of the equivalent denominations in paper currency. The central Ottoman Bank first issued paper currency known as kaime in 1862, in the denomination of 200pt. The notes bore texts in Turkish and French.
kuruşlar) 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.
In 1524, the Ottoman law code of Egypt referred to the Mamluk Egyptian coin medin as pare and set its value as 2 + 1 ⁄ 2 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. [3]
Traditionally, denomination was not displayed on coins, although names of coins (such as drachma, ass, sestertius etc.) were used both in colloquial and official language. It was only in the 1600s that Scandinavian coins began to display relative value to the smaller units (8, 16 skilling etc.) because there were many of them in circulation.
The local name of the currency is used in this list, with the adjectival form of the country or region. ... Ottoman Turkish lira – Ottoman Empire;
It is the current currency of Turkey and also the local name of the currencies of Lebanon and of Syria. It is also the name of several former currencies, including those of Italy, Malta and Israel. The term originates from the value of a Roman pound (Latin: libra, about 329g, 10.58 troy ounces) of high
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The dirham was a unit of mass used across North Africa, the Middle East, Persia and Ifat; later known as Adal, with varying values. The value of Islamic dirham was 14 qirat. 10 dirham equals 7 mithqal (2.975 gm of silver). In the late Ottoman Empire (Ottoman Turkish: درهم), the standard dirham was 3.207 g; [1] 400 dirhem equal one oka.