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Hence the name piastre referred to two distinct kinds of coins in two distinct parts of the world, both of which had descended from the Spanish pieces of eight. Because of the debased values of the piastres in the Middle East, these piastres became subsidiary units for the Turkish, Lebanese, Cypriot, and Egyptian pounds. [1]
In 1885, bronze 1 cent and silver 10, 20 and 50 cents and 1 piastre coins were introduced. These were followed in 1887 by holed, bronze 2 sapèque. In 1895, the weights of the silver coins were reduced, due to the reduction in the silver peg of the currency.
The piastre was based on the Turkish kuruş, introduced while Egypt was part of the Ottoman Empire. As in Turkey, debasement lead to the piastre falling significantly in value. In 1834, the pound, or gineih (Arabic), was introduced as the chief unit of currency, worth 100 piastre. The piastre continues in use to the present day as a subdivision ...
In 1953, 10, 20 and 50 su coins were introduced. In 1960, 1 đồng were added, followed by 10 đồng in 1964, 5 đồng in 1966 and 20 đồng in 1968. 50 đồng were minted dated 1975 but they were never shipped to Vietnam due to the fall of the South Vietnamese government.
In 1992, brass 5 and 10 piastre coins were introduced, followed by holed, cupro-nickel 25 piastre coins in 1993. The size of 5 PT coins was reduced in 2004, 10 PT and 25 PT coins - in 2008. On 1 June 2006, 50 PT and E£1 coins dated 2005 were introduced, and its equivalent banknotes were temporarily phased out from circulation in 2010.
[10] [11] These machine-struck cash coins weighed 1.36 grams and had an official exchange rate of 1 ⁄ 600 piastre, but were probably only valued at 1 ⁄ 1000 piastre. [6] These coins were minted at the Hanoi Mint (operated by the Banque de l'Indochine) because the French had cut the funding for producing cast cash coins at the Thanh Hòa ...