Catalog
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| Issuer | Imperial Ottoman Bank |
|---|---|
| Year | 1877-1878 |
| Type | Standard circulation banknote |
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| Obverse description | Orange and dark brown note with an elaborate guilloche framework across the entire field. The imperial toughra is set within a large central radiating medallion, flanked by two smaller oval cartouches bearing the denomination in Ottoman script; the Hijri date 1294 appears below the central medallion. Dense arabesque scrollwork fills the corners and margins, with two arched calligraphic inscription bands running across the upper register. |
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| Obverse lettering | قابل للتداول على اعتماد البنك العثماني الكريم مشاور وصحية |
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| Comments |
The Imperial Ottoman Bank — formally chartered in 1863 as a joint Anglo-French venture with Ottoman state backing — issued this note during the Russo-Turkish War of 1877–78, one of the most financially devastating conflicts in the empire's late history. Military expenditure gutted reserves, and paper emissions from the Bank during this period were backed by increasingly thin guarantees.
Pick 53 is among the scarcest of the wartime issues. The combination of high nominal value, limited printing run, and the chaos of the war's aftermath meant few survived in any condition.