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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 ...
Meanwhile, back in 1840, despite Egypt's separate coinage, it was agreed under the Turkish-Egyptian treaty dated that same year, that the Turkish and Egyptian strikes should nevertheless maintain equal value. However, in 1844, the Ottoman piastre was devalued in conjunction with the creation of a new Ottoman lira unit, and Egypt didn't follow ...
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]
Piastre. Cypriot piastre – Cyprus; Egyptian piastre – Egypt; Indochinese piastre – Cambodia, Laos and Vietnam; Jordanian piastre – Jordan; Lebanese piastre – Lebanon; Libyan piastre – Libya; Ottoman Turkish piastre – Ottoman Empire; Sudanese piastre; Syrian piastre – Syria; Turkish piastre – Turkey; Piaster – South Sudan ...
Pages in category "Currencies of Egypt" ... Egyptian gold stater; Egyptian piastre; Egyptian pound This page was last edited on 19 July 2023, at 15:19 (UTC). ...
Meanwhile, back in 1840, despite Egypt's separate coinage, it was agreed under the Turkish-Egyptian treaty dated that same year, that coins struck in Turkey and Egypt should nevertheless maintain equal value. However, in 1844, the Ottoman piastre was devalued in conjunction with the creation of a new Ottoman lira unit, but Egypt did not follow ...
These included Egypt, Saudi Arabia, Syria, Lebanon and Turkey itself. Others, including Jordan and Sudan , adopted the kuruş as a denomination when they established their own currencies. At the beginning of the 19th century, silver coins were in circulation for 1 akçe, 1, 5, 10 and 20 para, 1, 2 and 2 + 1 ⁄ 2 kuruş, together with gold ...
piastre: Lebanese and Syrian piastres A centesimal subdivision of the Lebanese and Syrian pounds ₱ peso Philippine peso: Also ₱ and P U+20B1 ₱ PESO SIGN: PT: piastre Egyptian and Sudanese piastres Fraction A centesimal subdivision of the Egyptian and Sudanese pounds .ج.م LE: pound Egyptian pound: Also abbreviated £E in Latin script .ل ...