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20 Lira Borsa Istanbul
| Issuer | Turkish State Mint (Darphane) |
|---|---|
| Year | 2023 |
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| Composition | Log in to see details |
| Weight | 31.1 g |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Latin |
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| Reverse description | Central field displays an elaborate Ottoman calligraphic inscription in Arabic script, reproducing the original seal or logotype of the Dersaadet Tahvilat Borsası (the Ottoman Bond Exchange founded in 1873), rendered in a dense, interlocking thuluth-style composition. The calligraphic device is set within a plain inner field and enclosed by a raised border. The circular legend surrounding the device reads 'DERSAADET TAHVİLAT BORSASI' in Latin characters interspersed with the Arabic-script equivalent, with the founding year '1873' prominently displayed at the bottom of the border, flanked by five-pointed star stops. |
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| Additional information |
The "Borsa Istanbul" series was introduced as Turkey's central exchange rebranded and restructured following the 2013 merger of the Istanbul Stock Exchange, the Istanbul Gold Exchange, and the Derivatives Exchange of Turkey into a single consolidated bourse. The Turkish State Mint has issued silver commemoratives tied to financial institutions with increasing frequency since the mid-2010s, partly as a response to domestic demand for hard-asset collectibles during periods of lira depreciation.
KM# 1373 places this among a crowded run of Darphane one-ounce silver issues from 2023, a year in which the lira lost roughly 60% of its value against the dollar.