Debasement the intrinsic value of the coinage and so more coins can be made with the same quantity of precious metal. If done too frequently, debasement may lead to a new coin being adopted as a standard currency, as when the Ottoman Akçe was replaced by the kuruş (1 kuru = 120 akçe), with the para (1/40 kuruş) as a subunit. The kuruş in turn later became a subdivision of the lira. Debasement Debasement is the practice of lowering the value of currency. It is particularly used in connection with commodity money such as gold or silver coins. A coin is
History of the Jews in the Ottoman Empire History of the Jews in the Ottoman Empire By the time the Ottoman Empire rose to power in the 14th and 15th centuries, there had been Jewish communities established throughout the region. The Ottoman Empire lasted from the early 14th century until the beginning of World War I and covered Southeastern Europe, Turkey, and the Middle East. The experience of Jews in the Ottoman Empire is particularly significant because the region "provided a principle place of refuge for Jews driven out of western Europe by massacres and persecution". At the time of the Ottoman conquests, Anatolia had already been home