(Free read ebook) History of Ottoman Coins, Volume 8 / Osmanli Sikkeleri Tarihi, Cilt 8: Sultan Mahmud II
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| #5665330 in Books | 2014-08-31 | Original language:English | 12.00 x9.00 x1.00l,.0 | File Name: 6058592615 | 410 pages
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The reign of Sultan Mahmud II went down in history as the period of major coin debasements of the Ottoman Empire. While the solution of the States financial problems was sought by diminishing the fineness and the weight of the coins, extreme price increases emerged in the economy due to the loss of monetary value. The British sterling which used to be 19 kurush in the early years of the reign of Sultan Mahmud II rose to 106 kurush towards the end.
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