Akçe
Encyclopedia
A silver
coin
, the akçe was the chief monetary unit of the Ottoman Empire
. The word "akçe" is derived from the Greek "" (aspron, "white"), the name of a Byzantine
silver or billon
coin, current in the region that eventually became the Ottoman Empire
. The akçe is hence often called asper in English sources. Three akçes were equal to one para
. One-hundred and twenty akçes equalled one kuruş
. Later the kuruş became the main unit of account, replacing the akçe. In 1843, the silver kuruş was joined by the gold lira
in a bimetallic system.
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 ducat
s in gold
(probably Venetian
).
Silver
Silver is a metallic chemical element with the chemical symbol Ag and atomic number 47. A soft, white, lustrous transition metal, it has the highest electrical conductivity of any element and the highest thermal conductivity of any metal...
coin
Coin
A coin is a piece of hard material that is standardized in weight, is produced in large quantities in order to facilitate trade, and primarily can be used as a legal tender token for commerce in the designated country, region, or territory....
, the akçe was the chief monetary unit of the Ottoman Empire
Ottoman Empire
The Ottoman EmpireIt was usually referred to as the "Ottoman Empire", the "Turkish Empire", the "Ottoman Caliphate" or more commonly "Turkey" by its contemporaries...
. The word "akçe" is derived from the Greek "" (aspron, "white"), the name of a Byzantine
Byzantine
Byzantine usually refers to the Roman Empire during the Middle Ages.Byzantine may also refer to:* A citizen of the Byzantine Empire, or native Greek during the Middle Ages...
silver or billon
Billon (alloy)
Billon is an alloy of a precious metal with a majority base metal content . It is used chiefly for making coins, medals, and token coins.The word comes from the French bille....
coin, current in the region that eventually became the Ottoman Empire
Ottoman Empire
The Ottoman EmpireIt was usually referred to as the "Ottoman Empire", the "Turkish Empire", the "Ottoman Caliphate" or more commonly "Turkey" by its contemporaries...
. The akçe is hence often called asper in English sources. Three akçes were equal to one para
Para (currency)
The para was a former currency of the Ottoman Empire, Turkey, Montenegro and Albania, and is the current subunit, although rarely used, of the Serbian dinar....
. One-hundred and twenty akçes equalled one kuruş
Kurus
Kuruş is a Turkish currency subunit. Since 2005, one new Turkish lira is equal to 100 kuruş. The kuruş was also the standard unit of currency in the Ottoman Empire until 1844, and from that date until the late 1970s was a subdivision of the former lira. It was subdivided into 40 para , each of...
. Later the kuruş became the main unit of account, replacing the akçe. In 1843, the silver kuruş was joined by the gold lira
Turkish lira
The Turkish lira is the currency of Turkey and the de facto independent state of the Turkish Republic of Northern Cyprus. The lira is subdivided into 100 kuruş...
in a bimetallic system.
The Suleiman Mosque
Suleiman Mosque
The Süleymaniye Mosque is an Ottoman imperial mosque located on the Third Hill of Istanbul, Turkey. It is the second largest mosque in the city, and one of the best-known sights of Istanbul.-History:...
in Istanbul
Istanbul
Istanbul , historically known as Byzantium and Constantinople , is the largest city of Turkey. Istanbul metropolitan province had 13.26 million people living in it as of December, 2010, which is 18% of Turkey's population and the 3rd largest metropolitan area in Europe after London and...
is said to have cost 59 million akçe when it was constructed in the 1550s. This amount is said to have equalled 700,000 ducat
Ducat
The ducat is a gold coin that was used as a trade coin throughout Europe before World War I. Its weight is 3.4909 grams of .986 gold, which is 0.1107 troy ounce, actual gold weight...
s in gold
Gold
Gold is a chemical element with the symbol Au and an atomic number of 79. Gold is a dense, soft, shiny, malleable and ductile metal. Pure gold has a bright yellow color and luster traditionally considered attractive, which it maintains without oxidizing in air or water. Chemically, gold is a...
(probably Venetian
Venice
Venice is a city in northern Italy which is renowned for the beauty of its setting, its architecture and its artworks. It is the capital of the Veneto region...
).