Ottoman lira Ottoman lira The Ottoman lira was the currency of Ottoman Empire between 1844 and 29 October 1923 . It replaced the kuruş as the principal unit of currency, with the kuruş continuing to circulate as a subdivision of the lira, with 100 kuruş = 1 lira. The para also continued to be used, with 40 para = 1 kuruş. Until the 1930s, the Arabic script was used on Turkish coins and banknotes, with پاره for para, غروش for kuruş and ليرا for lira (تورك ليراسي for "Turkish lira"). In European languages, the kuruş was known as the piastre, whilst the
Money as Debt economic and libertarian thinkers, such as G. Edward Griffin's Freedom Force International. Specifically, Griffin criticizes Grignon's proposal for "interest-free banking" and fiat, albeit government-created as opposed to central bank-created, currency. This film describes the 3 alternatives solutions made by money reformers. Money as Debt Money as Debt is a 2006 animated documentary film by Canadian artist and filmmaker Paul Grignon about the monetary systems practised through modern banking. The film presents Grignon's view of the process of money creation by banks and its historical background, and warns of his belief in its subsequent unsustainability. Subsequent "Money as Debt" videos include