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Successive currency reforms by debasing the Ottoman currency had reduced the value of the Ottoman piastre by the late 19th century so as to be worth about two pence (2d) sterling. 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.
The currency of French Indochina was divided into the piastre, cent / centime, and sapèque units. One piastre equals 100 cents and one cent equals between 2 and 6 sapèques depending on the dynasty and reign era. [1] According to that ratio, a French Indochinese piastre coin is worth from 200 to 600 traditional Vietnamese cash coins. [1]
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 ...
The historical value of one US dollar in Egyptian currency from 1789 to 2020. Figures prior to 1834, the year the pound was introduced, indicate multiples of 100 piastres This table shows the historical value of US$ 1 in Egyptian currency (piastres prior to 1834, pounds thenceforth):
The đồng (銅), also called the piastre, was the currency of South Vietnam from 1953 to 2 May 1978. It was subdivided into 100 xu , also written su . First đồng, 1953 to 1975
In the wake of this currency reform, Egypt minted a gold coin known as the bedidlik, equal to 100 piastres, and a silver rial coin of 20 piastres corresponding to the Maria Theresa Thaler. In 1839, a piastre contained 1.146 grams of silver, and meanwhile the British gold sovereign was rated at 97.5 piastres.
Tomb Discovered in Egypt May ‘Reconstruct History’ Lola L. Falantes - Getty Images Along the west bank of the Nile River, archaeologists discovered rock-cut tombs and burial shafts up to 3,600 ...
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.