Akçe

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Akçe issued by Sultan Murad II

The akçe or akça (also spelled akche, akcheh;

bimetallic system.[2] Its weight fluctuated, one source estimates it is between 1.15 and 1.18 grams.[3]
The name akçe originally referred to a silver coin but later the meaning changed and it became a synonym for money.

The mint in Novo Brdo, a fortified mining town in the Serbian Despotate rich with gold and silver mines, began to strike akçe in 1441 when it was captured by the Ottoman forces for the first time.[4]

The

Suleiman Mosque in Istanbul is said to have cost 59 million akçe when it was constructed in the 1550s. This amount is said to have equalled 700,000 ducats in gold (probably Venetian
).

Debasement

Reverse of an akçe of Murad II

Weight of akçe in grams of silver and index.[5]

Year Silver (g) Index
1450–60 0.85 100
1490–1500 0.68 80
1600 0.29 34
1700 0.13 15
1800 0.048 6
Akçe of Orhan

See also

  • Akşa

References

  1. ^ "Akçe".
  2. ^ Ermiş, Fatih (2013). A History of Ottoman Economic Thought. p. 23.
  3. ^ Balkan studies. Édition de lA̕cadémie bulgare des sciences. 1988. p. 111. The mint at Novo brdo (in Turkish "Novar"), was the first to start striking Ottoman akçe — as early as 1441, when Murad Il's military commander, the eunuch Sibab ed-Din pasa captured the town, which had the greatest silver deposits and the ...
  4. . Retrieved 19 June 2014.

External links


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