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1.000 Livres Turques

Issuer Dette Publique Ottomane
Year 1918
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Size 185 x 120 mm
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Obverse lettering دولت عثمانية
١٣٢٣
A2404
LIVRES TURQUES
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Reverse lettering ١٠٠٠
1000
LIVRES TURQUES
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Comments

The Dette Publique Ottomane — the Ottoman Public Debt Administration — was a European-controlled body established in 1881 after the Sublime Porte defaulted on its foreign borrowings. By 1918 the empire was in its death throes, fighting on multiple fronts, and these high-denomination notes were issued under conditions of acute fiscal stress. That the debt administration rather than the Imperial Ottoman Bank served as issuer reflects the degree to which the empire's finances had been effectively colonized by its creditors decades earlier.

The 1918 series is known for ink adhesion problems on the cotton substrate, causing surface transfer in stacked storage — a condition issue specific to this emission that affects a notable proportion of surviving examples.

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