The piastre (Arabic: qirsh, قرش, pronounced irsh) was the currency of Egypt until 1834. Arabic (ar الْعَرَبيّة (informally ar عَرَبيْ) in terms of the number of speakers is the largest living member of the Semitic language It was subdivided into 40 para, each of 3 akce.
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History
The piastre was based on the Turkish kuruş, introduced while Egypt was part of the Ottoman Empire. The Kuruş (غروش was the currency of the Turkey and parts of the Ottoman Empire until 1844 The Ottoman Empire (1299–1923 ( Old Ottoman Turkish: دولتْ علیّه عثمانیّه Devlet-i Âliye-yi Osmâniyye, Late Ottoman and Modern Turkish 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 Egyptian pound or gineih (الجنيه المصرى el-Gineih el-Miṣrī) The piastre continues in use to the present day as a subdivision of the pound.
Coins
In the early 19th century, billon coins in denominations of 1 acke, 1, 5, 10 and 20 para, and 1 qirsh were in circulation, along with gold coins denominated as ¼, ½, 1, 2 and 3 mahbub. Billon is an Alloy of a Precious metal (most commonly Silver, but also Gold) with a majority base metal content (such as Copper)
References
- Krause, Chester L. and Clifford Mishler (1991). Standard Catalog of World Coins: 1801-1991, 18th ed. The Standard Catalog of World Coins is a series of numismatic Catalogs commonly known as the Krause catalogs in the Numismatic hobby , Krause Publications. ISBN 0-87341-150-1.
External links
- Don's World Coin Gallery - Egypt
- The Global History of Currencies - Egypt
- Global Financial Data currency histories table (
Microsoft Excel format)
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