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5 Livres Turques

Issuer Dette Publique Ottomane
Year 1916
Type Standard circulation banknote
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Obverse lettering دولت علیّه عثمانیّه
بش لیره
بسم الله و شمالی ایر لسیدر
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Protection description Complex lathe-work guilloche patterns printed in blue-green across the border panels on both faces, providing an anti-counterfeiting underprint.
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Comments

The Dette Publique Ottomane — the Ottoman Public Debt Administration — was not a bank but a European creditor body established in 1881 to manage Ottoman sovereign debt repayment directly. That it issued currency at all reflects how severely the empire's financial architecture had fractured by the First World War, with the Imperial Ottoman Bank unable to sustain adequate note supply and the government turning to whatever institutional infrastructure remained functional.

The 1916 issues circulated under extreme wartime inflation pressure. By the armistice of 1918, Ottoman paper had lost the confidence of most of the population in the Arab provinces long before it lost its legal status.

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