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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 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 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]
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.
The rial (French: rial sebili) or piastre was the currency of Tunisia until 1891. It was subdivided into 16 kharub (caroub), each of 13 fals (burbe). The fals was further subdivided into 6 qafsi (burben). The nasri (asper) was worth 2 fals. The denomination was often either not given on coins or only indicated by a numeral.
Gold coins continued to be minted after the abolition of the gold standard, even into the 1920s, but their value far exceeded the value of the equivalent denominations in paper currency. The central Ottoman Bank first issued paper currency known as kaime in 1862, in the denomination of 200pt. The notes bore texts in Turkish and French.
Download as PDF; Printable version; In other projects ... Historical currency of Gran Colombia; See also. Money portal; piastre This page was last edited on 31 ...
100 piastres, French Indochina circa 1954 The Piastres affair, also known as Piastres scandal or Piastres trade (French: l'affaire des piastres, le scandale des piastres, or le trafic de piastres), was a financial-political scandal of the French Fourth Republic during the First Indochina War from 1950 to 1953.