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What is Mecidi

Chapter 3
Concepts, Cases, and Regulations in Financial Fraud and Corruption
It is the general name of the gold and silver coins minted in the name of the Ottoman Sultan Abdülmecid in 1260 (1844) on the occasion of the sixth year of his accession to the throne. This term was widely used to denote silver coins worth 20 kurus.
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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