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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 ...
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.
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 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.
In European languages, the kuruş was known as the piastre, whilst the lira was known as the livre in French and the pound in English. [3] English-language publications used "£T" as the sign for the currency, [4] [5] but it is unknown whether it was ever used natively.
Under the British Administration of Sudan there were four types of paper currency issued during the siege of Khartoum (the first two of which are illustrated in the table). Bearing a date of 25 April 1884, the first Sudan piaster issue was printed, in the following denominations: 1, [ nb 4 ] 5, 10, 20, 100, 500, 1000, 2000, 2500 and 5000 ...
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.