Etymology:
Meaning:
A piaster is a silver coin or unit of currency, originally minted in the Ottoman Empire. It was widely used in the Middle East, North Africa, and Southeast Asia during the 18th and 19th centuries.
Origin:
The word "piaster" derives from the Latin "placenta," which originally meant a flat cake. In the 16th century, Spanish coins with a cross-shaped design on one side and a crowned Habsburg eagle on the other were known as "placas," from which the term "piaster" is derived.
When the Ottoman Empire began to mint its own silver coins in the late 17th century, they adopted the design of the Spanish placas and called them "piastres." These piastres became the standard currency of the Ottoman Empire and were widely used in its territories and beyond.
Over time, the term "piaster" has been applied to different coins and currencies in various countries, including Egypt (the Egyptian piaster), Sudan (the Sudanese pound), and Lebanon (the Lebanese pound). However, the term generally refers to a silver coin or a unit of currency that was originally derived from the Ottoman piaster.
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