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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 ...
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 .
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] In 1688 the Ottoman kuruş was introduced, equalling 40 para. In 1844, a kuruş was, in turn, 1 ⁄ 100 of the newly introduced Ottoman lira.
The vast majority of the territory of present-day Greece was at some point incorporated within the Ottoman Empire.The period of Ottoman rule in Greece, lasting from the mid-15th century to the successful Greek War of Independence that broke out in 1821 and the First Hellenic Republic was proclaimed in 1822 (preceded by the creation of the autonomous Septinsular Republic in 1800), is known in ...
During the 19th century, the Ottoman Empire and the Eyalet of Egypt adopted the lira as their national currency, equivalent to 100 piasters or kuruş. When the Ottoman Empire collapsed between 1918 and 1922, many of the successor states retained the lira as their national currency.
The pound, or lira (Greek: λίρα, plural λίρες, and Turkish: lira, Ottoman Turkish: لیره, from the Latin libra via the Italian lira; sign: £, sometimes £C [1] for distinction), was the currency of Cyprus, including the Sovereign Base Areas in Akrotiri and Dhekelia, [2] [3] from 1879 to 2007, when the Republic of Cyprus adopted the euro.
The monetary crisis in Greece in 1879 was the result of domestic conditions and directly affected the country's economy. As a consequence it had the deterioration of the living standard of the economically weaker sections of the population, social unrest with the outbreak of strikes, such as the Syros strike of 1879 , and political instability.
From 1 January 2009, the "new" was removed from the second Turkish lira, its official name in Turkey becoming just "Turkish lira" again; new coins without the word "yeni" were introduced in denominations of 1kr., 5kr., 10kr., 25kr., 50kr. and TL 1. Also, the inner and outer alloys of the 50kr. and TL 1 coins were reversed.