piaster :

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piaster


  • n  a fractional monetary unit in Egypt and Lebanon and Sudan and Syria
  • n  100 kurus equal 1 lira in Turkey

  • At week's end Paris announced that the Indo-China piaster would be devalued from 17 francs to the piaster down to a more realistic 10 francs, to put an end to the black-marketing .
  • The piaster, long ridiculously overvalued at a rate of 118 to the dollar, was pegged at a more realistic 275 last year; last week it was slashed further.
  • The piaster, officially valued at 118 to the dollar, draws a black-market price of 420.

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