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
Rise of the Ottoman Empire Turkic tribe which migrated out of Central Asia in the wake of the Mongol Conquests. As evidenced by coins minted during his reign, Osman's father was named Ertuğrul, but beyond this the details "are too mythological to be taken for granted." The origins of the Ottoman dynasty thus remain obscure, shrouded in myth and legend, and the identity of Osman's tribe and ancestors is not known for certain. Likewise, nothing is known about how Osman first established his principality ("beylik") as the sources, none of them contemporary, provide many different and conflicting origin stories. What is certain is that at