Catalog
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| Issuer | Banque Impériale Ottomane |
|---|---|
| Year | 1876-1878 |
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| Value | Log in to see details |
| Currency | Lira (1844-date) |
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| Obverse description | The obverse is printed in red-brown on cream paper and composed entirely of Ottoman Turkish calligraphic text within an elaborate guilloche border of scrolling floral arabesques. At the top centre sits an oval tughra medallion of Sultan Abdülhamid II, flanked by corner numerals '100'; the central field carries multi-line Ottoman script stating the denomination and state guarantee. At the foot, a rectangular cartouche bears the seal of the Imperial Ottoman Treasury. |
|---|---|
| Obverse lettering | اوراق نقدية دولت عليه دن ياكيز يوز غروشلق قائمه معتبردر |
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| Comments |
The Banque Impériale Ottomane's small-denomination paper issues of the mid-1870s emerged from a genuine fiscal emergency. The Ottoman state had defaulted on its external debt in October 1875, and the government's reliance on kaimé — state-issued paper money of notoriously poor repute — had so eroded public confidence that even small transactions in paper were treated with suspicion. These notes were part of a broader attempt to reintroduce credible paper at the lower end of the market, backed by the prestige of the Anglo-French bank rather than the treasury.
The sole security feature being an official stamp tells you something about both the printing technology available and the trust model in use — authentication by mark rather than by engraving complexity.