Kuruş

Article summary

Kuruş ( ; ), also gurush, ersh, gersh, grush, grosha, and grosi, are all names for currency denominations in and around the territories formerly part of the Ottoman Empire. The variation in the name stems from the different languages it is used in (Arabic, Amharic, Turkish, and Greek) and the different transcriptions into the Latin alphabet. In European languages, the kuruş was known as the piastre. Today the kuruş ( . ) is a Turkish currency subunit, with one Turkish lira equal to 100 kuruş as of the 2005 revaluation of the lira. Until the 1844 subdivision of the former Ottoman gold lira, the kuruş was the standard unit of currency within the Ottoman Empire, and was subdivided into 40 para or 120 akçe. One kuruş remained equal to 40 para during the First Turkish lira, said lira lasting from 1923 till its 2005's revaluation.

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