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5 Livres

Issuer Ottoman Public Debt Administration (Düyun-u Umumiye)
Year 1917
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Size 148 x 100 mm
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Obverse lettering دولت عثمانية
Reverse description The back is printed entirely in green with a dense symmetrical guilloche pattern forming the border, flanking a large central cartouche containing multi-line Ottoman Turkish text in Arabic script setting out the note's legal terms and guarantee clause. The large numeral '5' appears in both lateral margins within interlaced ornamental panels, and a manuscript signature is present at the foot of the central text cartouche.
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Comments

The Düyun-u Umumiye — the Ottoman Public Debt Administration — was not a bank but a foreign creditor consortium established in 1881 to manage Ottoman state finances directly after the empire's catastrophic 1875 default. That it was issuing paper currency by 1917 reflects how completely the wartime economy had broken down: the Imperial Ottoman Bank, the nominal bank of issue, could no longer sustain circulation alone.

Giesecke & Devrient in Leipzig produced this note during active hostilities, meaning it was printed in a German ally's facility and shipped across a war zone for circulation in Ottoman territories — a logistical arrangement that grew increasingly strained as the war progressed.

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