He was also concerned in the reform of the currency by the withdrawal of the debased Bolivian coins.
The architecture is a peculiar and debased imitation of classic style, attributed by architects to the 2nd century A.D.
This vicious system, grafted as it was upon an inefficient administration, and added to the weight of a continually depreciated currenc y, debased both by ill-advised fiscal measures and by public cupidity, formed one of the principal causes of the financial embarrassments which assailed the treasury with ever increasing force in the latter part of the 16th and during the 17th and 18th centuries.
Then came forced loans and debased currency (1788), producing still more acute distress until, in 1791, at the close of the two years' war with Russia, in which the disaster which attended Ottoman arms may be largely ascribed to the penury of the Ottoman treasury, Selim III., the first of the " reforming sultans, " attempted, with but little practical success, to introduce radical reforms into the administrative organization of his empire.
And Abd-ul-Mejid, and the second in the reign of Mahmud only, were not included in the reform; these were debased currencies bearing a nominal value, the altilik of 6, 3 and 12 piastres, the beshlik of 5 and 22 piastres, the metallik of 1, 2 and 4 piastres; they represented the last degree of an agelong monetary depreciation, the original piastre having had a value of about 5s.