Kurus

The kuruş ([ku'ɾuʃ] (from Turkish Ottoman: قروش 'kurûş, —lar') is a Turkish currency subunit, equal to one hundredth of a Turkish lira.

In the Ottoman Empire, the kuruş (or piastre) was the standard unit of currency. At first it was a large silver coin, but by the mid-19th century its value had declined to such an extent that it circulated well as a large copper coin (about 40 para), as well as a very small silver coin. Subsequently, it became the subunit of the Turkish gold lira.

Due to chronic inflation in Turkey, the kuruş disappeared completely by the end of the 20th century. A currency reform that took place in January 2005 led to the entry into force of the new kuruş as a subunit of the new Turkish lira.

Current kuruş