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Akçe

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(Redirected fromAkche)

Chief monetary unit of the Ottoman Empire

Not to be confused withAqcha.

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Obverse (left) and reverse (right)Murad II'sakçe,c. 1430-1431 AD

Theakçe orakça (also spelledakche,akcheh;Ottoman Turkish:آقچه;Turkish pronunciation:[akˈt͡ʃe],[akˈt͡ʃa], in Europe known asasper oraspre) was a silver coin which was the chief monetary unit of theOttoman Empire and was once used byAq Qoyunlu in the early period.^[1] The basic meaning of the word is "silver" or "silver money", deriving from the Turkish wordak ('white') and the diminutive suffix-ça.^[2] Threeakçes were equal to onepara. One-hundred and twentyakçes equalled onekuruş. Later after 1687 thekuruş became the main unit of account, replacing theakçe. In 1843, the silverkuruş was joined by the goldlira in abimetallic system.^[3] Its weight fluctuated; one source estimates it between 1.15 and 1.18 grams.^[4] The nameakçe originally referred to a silver coin but later the meaning changed and it became a synonym for money.

The mint inNovo Brdo, a fortified mining town in theSerbian Despotate rich with gold and silver mines, began to strikeakçe in 1441 when it was captured by the Ottoman forces for the first time.^[5]

TheSuleiman Mosque in Istanbul is said to have cost 59 millionakçe when it was constructed in the 1550s. This amount is said to have equalled 700,000ducats in gold (probablyVenetian).

Debasement

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Weight ofakçe in grams of silver and index.^[6]

Year	Silver (g)	Index
1450–60	0.85	100
1490–1500	0.68	80
1600	0.29	34
1700	0.13	15
1800	0.048	6

References

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^"Coins from the tribal federation of Aq Qoyunlu".
^"Akçe".
^Sevket Pamuk,A Monetary History of the Ottoman Empire, Cambridge University Press, 2000,ISBN 0-521-44197-8
^Ermiş, Fatih (2013).A History of Ottoman Economic Thought. p. 23.
^Balkan studies. Édition de lA̕cadémie bulgare des sciences. 1988. p. 111.The mint at Novo brdo (in Turkish "Novar"), was the first to start striking Ottoman akçe — as early as 1441, when Murad Il's military commander, the eunuch Sibab ed-Din pasa captured the town, which had the greatest silver deposits and the ...
^Malanima, Paolo (2009).Pre-Modern European Economy: One Thousand Years (10th-19th Centuries). BRILL. p. 198.ISBN 9789004178229. Retrieved19 June 2014.