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1/2 Livre

Issuer Banque Impériale Ottomane
Year 1915
Type Standard circulation banknote
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Obverse lettering دولت عليه عثمانيه
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Reverse lettering ديون عمومية عثمانيه ادارەسى
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Comments

The Banque Impériale Ottomane had its notes printed in Leipzig by Giesecke & Devrient because wartime conditions had severed the usual arrangements with French and British security printers — an Ottoman bank with a Franco-British board of directors finding itself at war with both founding nations was an administrative absurdity the 1915 issues quietly reflect. German presses filled the gap.

The half-livre denomination was a practical concession to a population dealing with severe small-change shortages as metal coinage disappeared from circulation almost immediately after hostilities began.

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