Kaime sentence example
- Partial relief was sought in the continual issue of debased currency (beshlik, altilik and their subdivisions), of which the excess of nominal value over intrinsic value ranged between 33 and 97%, and finally paper money (kaime) which was first issued in 1839, bearing an interest of 8%, reduced in 1842 to 6%, such interest being paid on notes of 500 piastres, but not on notes of 20 or 10 piastres, which were issued simultaneously.
- Meanwhile kaime was being issued in great quantities (about 60,000 purses a month) and fell to a discount (December 1861) of 75%.
- Later, however, the kaime was again issued in very large amounts, and the years succeeding 1872 up to the Russian War (1877) presented a scarcely interrupted course of extravagance and financial disorder, the result of which is described below.
- The copper coinage (113,000,000 piastres) and the paper currency (kaime) (1,600,000,000 piastres) referred to in the above sketch were withdrawn in 1880 by repudiation.