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
Beer in Turkey Beer in Turkey Beer is a very popular alcoholic beverage in Turkey. Commonly, lager type beers are popular. Beer has existed as a beverage in Anatolia since the Sumerian civilization. Archaeological findings have shown that Sumer people knew how to ferment beer. Early Turks in Anatolia fermented boza, which was much like kvass. The modern history of beer in Turkey started with the Ottoman Empire. During certain periods of the Ottoman Empire, drinking alcoholic beverages was forbidden in some cities, but many small producers in Istanbul made boza with a high alcohol level like beer. Beer was first produced and