Kuruş
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Kuruş (
Today the kuruş (pl. kuruşlar) is a Turkish currency subunit, with one
Name
The use of the name Kuruş as a currency denomination for coinage goes back to the 6th century BC, dating to the time of the
The modern
garas.History
The Ottoman kuruş was introduced in 1688. It was initially a large
As the Ottoman Empire broke up, several successor states retained the kuruş as a denomination. These included Egypt, Saudi Arabia, Syria, Lebanon and Turkey itself. Others, including Jordan and Sudan, adopted the kuruş as a denomination when they established their own currencies.
At the beginning of the 19th century, silver coins were in circulation for 1 akçe, 1, 5, 10 and 20 para, 1, 2 and 2+1⁄2 kuruş, together with gold coins denominated in zeri mahbub and altin. As the silver coins were debased, other denominations appeared: 30 para, 1+1⁄2, 3, 5 and 6 kuruş. The final coinage issued before the currency reform consisted of billon 1, 10 and 20 para, and silver 1+1⁄2, 3 and 6 kuruş.
In 1844, the Turkish gold lira was introduced as the new standard denomination. It was divided into 100 silver kuruş and the kuruş continued to circulate until the 1970s.
Kuruş eventually became obsolete due to the chronic inflation in Turkey in the late 1970s. A currency reform on 1 January 2005 provided its return as 1⁄100 of the new lira.
See also
- Groschen
- Gros (coinage)
- Groat (coin)
- Venetian grosso
- Ottoman lira
- Turkish lira
- Egyptian pound
- Jordanian dinar
- Palestine pound
- Saudi riyal
- Sudanese pound
References
Bibliography
- Krause, Chester L.; Clifford Mishler (1991). ISBN 0873411501.
External links
- http://www.osmanliparalari.com Everything about Ottoman coins (in Turkish)
- 50 Kuruş Banknote
- Ottoman Empire coins