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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 ...
The Egyptian pound (Egyptian Arabic: جنيه مصرى [ɡeˈneː ˈmɑsˤri, ˈɡeni-]; abbreviations: £, [3] E£, [4] £E, [5] LE, [6] or EGP in Latin, and ج.م. in Arabic, ISO code: EGP) is the official currency of Egypt. It is divided into 100 piastres, or qirsh (قرش; plural قروش [ʔʊˈruːʃ]; [7] abbreviation: PT (short for ...
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".
In 1839, a piastre contained 1.146 grams of silver, and meanwhile the British gold sovereign was rated at 97.5 piastres. While 100 Egyptian piastres and the bedidlik coin were referred to as a "pound" in the English-speaking world, this was not the principal unit in the new Egyptian monetary system of 1834.
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 ...
In European languages, the kuruş was known as the piastre. [2] Today the kuruş (pl. ... These included Egypt, Saudi Arabia, Syria, Lebanon and Turkey itself.