1/4 Livre

The Ottoman wartime paper issues of 1915 were a direct consequence of the empire's inability to maintain metallic currency in circulation once World War I began. Coin hoarding was immediate and severe, forcing the Hazine-i Maliye to flood the market with fractional notes to handle everyday transactions. The quarter-livre sat at the bottom of the series, intended for small commerce, but the public's distrust of government paper — earned through decades of Ottoman financial instability — meant many were simply tucked away rather than spent.

These low-denomination notes suffered disproportionate attrition when they did circulate, passing through many hands quickly. The wartime printing quality was inconsistent throughout the series.