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5 Lira

Issuer Türkiye Cumhuriyet Merkez Bankası (Central Bank of the Republic of Turkey)
Year 1937
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Value 5 Lira (5 TRL)
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Obverse description Intaglio-printed portrait of President Mustafa Kemal Atatürk in three-quarter view occupies the right portion of the note, set against a fine guilloche underprint in blue and grey tones. The central vignette carries the large numeral '5' above the denomination legend, with the issuing authority inscription across the top. Serial number and series prefix appear twice, with two manuscript signatures of bank officials at the lower centre, above the printer's imprint.
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Reverse description The reverse is printed in green intaglio and presents a central vignette of the Security Monument (Güvenlik Anıtı) in Ankara, with two monumental figures flanking a tall architectural element set against an open urban landscape. Ornate guilloche panels with rosette motifs frame the left and right margins, and the denomination numeral '5' appears in solid cartouches at both upper corners. The printer's imprint runs along the bottom edge.
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Comments

Turkey's Central Bank had only been established in 1930, and its early note issues were entirely dependent on foreign printers — De La Rue handled much of this work through the 1930s. The 1937 series came during a period of single-party statist economic policy under the CHP, when the government was actively expanding state banking infrastructure and tightly controlling foreign exchange.

P#127 is among the earlier low-denomination issues of the bank's second decade, and surviving examples in circulated grades often show horizontal fold stress along the center — a known weakness in the paper stock used for this series.

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