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Akçe issued by Sultan Murad II in 1430 or 1431, the obverse.
The akçe (Ottoman Turkish: آقچه) (Turkish pronunciation: [akʧe]) was the chief monetary unit of the Ottoman Empire, a silvercoin. Three akçes were equal to one para. One-hundred and twenty akçes equalled one kuruş. Later after 1687 the kuruş became the main unit of account, replacing the akçe. In 1843, the silver kuruş was joined by the gold lira in a bimetallic system. Its weight fluctuated, one source estimates it between 1.15 and 1.18 grams. The name akçe originally referred to a silver coin but later the meaning changed and it became a synonym for money.
The mint in Novo Brdo, a fortified mining town in the Serbian Despotate rich with gold and silver mines, began to strike akçe in 1441 when it was captured by the Ottoman forces for the first time.
^Sevket Pamuk, A Monetary History of the Ottoman Empire, Cambridge University Press, 2000, ISBN 0-521-44197-8
^Ermiş, Fatih (2013). A History of Ottoman Economic Thought. p. 23.
^Balkan studies. Édition de lA̕cadémie bulgare des sciences. 1988. p. 111. The mint at Novo brdo (in Turkish "Novar"), was the first to start striking Ottoman akçe — as early as 1441, when Murad Il's military commander, the eunuch Sibab ed-Din pasa captured the town, which had the greatest silver deposits and the ...