Definition of piaster in US English:


(also piastre)


  • A monetary unit of several Middle Eastern countries, equal to one hundredth of a pound.

    • ‘Although the market is full of unsubsidised baladi bread at various prices in addition to white bread, the subsidised baladi bread remains the most popular choice because it costs a mere five piastres a loaf.’
    • ‘Fishermen no longer have to wait till the fish is sold to collect their money, he adds, and taxes have been reduced from 64 to 23 piastres per kilogramme: ‘The funds allocated to take care of the fishermen have also increased.’’
    • ‘The government will continue to subsidise 80 octane gasoline, sold for 90 piastres as it is the main fuel for taxis and minibuses.’
    • ‘The judge immediately ruled against him and ordered him to pay one hundred piasters to his wife.’
    • ‘‘The present price of water, at a mere 23 piastres per litre, is highly subsidised, since the real cost is 95 piastres,’ he said.’


From French, from Italian piastra (d'argento) ‘plate (of silver)’.