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What is Money in the Ottoman Empire

Concepts, Cases, and Regulations in Financial Fraud and Corruption
The Ottoman Empire focused on protecting the value of money coined in mints and its circulation within the State. Various laws were enacted to protect the circulation of money. Penal sanctions were applied to those who acted against the law.
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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