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The Ottoman lira replaced the piastre (Turkish: kuruş) 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.
When Libya was a part of the Ottoman Empire, the country used the Ottoman qirsh, issuing some coins locally until 1844. When Italy took over the country in 1911, the Italian lira was introduced. In 1943, Libya was split into French and British mandate territories.
The economic history of the Ottoman Empire covers the period 1299–1923. Trade, agriculture, transportation, and religion make up the Ottoman Empire 's economy. The Ottomans saw military expansion of currency, more emphasis on manufacturing and industry in the wealth-power-wealth equation, and moving towards capitalist economics comprising ...
Amazigh have been present throughout the entire history of the country. For most of its history, Libya has been subjected to varying degrees of foreign control, from Europe, Asia, and Africa. The history of Libya comprises six distinct periods: Ancient Libya, the Roman era, the Islamic era, Ottoman rule, Italian rule, and the Modern era.
Ancient history: 3200–146 BC: Roman era: 146 BC – mid-7C: Islamic rule: mid-7c–1510: Spanish Tripoli: 1510–1530: Hospitaller Tripoli: 1530–1551: Ottoman Tripolitania: 1551–1911: Italian colonization: Italian Tripolitania and Cyrenaica: 1911–1934: Italian Libya: 1934–1943: Allied occupation: 1943–1951: Kingdom of Libya: 1951 ...
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.
In Egypt, the centrality of the Nile River facilitated Mamluk centralization of the region. [79] The Mamluks used the same currency system as the Ayyubids, consisting of gold dinars, silver dirhams and copper fulus. [245] The monetary system during the Mamluk period was highly unstable due to frequent monetary changes enacted by the sultans.
"Chronology of Ottoman history, 1260-1914". An Economic and Social History of the Ottoman Empire, 1300-1914. Cambridge University Press. ISBN 978-0-521-34315-2. Karen Armstrong (2001), "Chronology; Chapter 4: Islam Triumphant, The Ottoman Empire", Islam: A Short History, London: Phoenix Publishing