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What is Counterfeit Money (Counterfeit Akçe)

Chapter 3
Concepts, Cases, and Regulations in Financial Fraud and Corruption
It is the expression used for money that imitates akçe. Counterfeiting activities occurred in various regions during different periods. Counterfeiting activities were concentrated in Central and Western Anatolia and Rumelia in the 16 th century.
Published in Chapter:
Counterfeiting Money and Anti-Counterfeit Measures: The Historical Case of the Ottoman Empire
Busra Karataser (Tekırdag Namık Kemal, Turkey)
Copyright: © 2023 |Pages: 17
DOI: 10.4018/978-1-6684-5007-9.ch003
Abstract
This study is designed to investigate the use of counterfeit money in the Ottoman Empire. Firstly, the concept of money and the reasons for the use of counterfeit money in the Ottoman Empire are described. Secondly, the reasons for the formation of counterfeit money are examined. Thirdly, the precautions taken against counterfeit money in the Ottoman Empire are discussed. The goal of this study is to investigate the counterfeit money printing incidents that had taken place. Moreover, the anti-counterfeit measures are identified that are implemented by Ottoman Empire to curb this crime and to remove counterfeit money from the market.
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