5 Livres Turques

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.