50 Lira

Turkey's first post-Ottoman paper money series, issued under Law 701 of 1925, was entirely dependent on Thomas De La Rue for production — the young Republic had no domestic printing capacity capable of meeting security standards. This 50 Lira note belongs to that inaugural series, sometimes called the "First Emission" of the Turkish Republic, and represents the state's earliest attempt to assert a distinct monetary identity separate from the Ottoman Bank issues that had preceded it.

The series is notably scarce in any condition. High denominations like this 50 Lira circulated in small numbers and were disproportionately destroyed through normal banking redemption.