5 Lira

Turkey's earliest Republican-era notes were produced by Thomas De La Rue in London — a practical necessity given that the nascent republic had no domestic banknote printing infrastructure in the 1920s. This 5 Lira belongs to the first substantive emission under the Republic, issued through the Ministry of Finance before the Central Bank of Turkey existed; that institution wouldn't be established until 1930.

The series was authorized under the Law on the Issuance of Banknotes (1925), which transferred currency authority from the Ottoman-era Banque Impériale Ottomane. A deliberate break — on paper as much as in policy.