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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 ...
However, in 1844, the Ottoman piastre was devalued in conjunction with the creation of a new Ottoman lira unit, and Egypt didn't follow suit. Hence the Egyptian and Turkish units split from each other in value, with the Egyptian unit continuing its exchange value of 97.5 piastres to the pound sterling.
Image of 10 Egyptian piastres (currently valueless, thus absent from circulation) A 100-piastre note from French Indochina, circa 1954 French Indochina piastre, 1885. The piastre or piaster (English: / p i ˈ æ s t ər /) is any of a number of units of currency. The term originates from the Italian for "thin metal plate".
However, in 1844, the Ottoman piastre was devalued in conjunction with the creation of a new Ottoman lira unit, but Egypt did not follow suit. Hence the Egyptian and Turkish units split from each other in value, with the Egyptian unit continuing its exchange value of 97.5 piastres to the pound sterling.
Egyptian piastre; Egyptian pound This page was last edited on 19 July 2023, at 15:19 (UTC). Text is available under the Creative Commons Attribution ...
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 ...
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 ...
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 ...