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5 Piastres

Uitgever Dette Publique Ottomane
Jaar 1916
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Referentie(s) P#79
Beschrijving voorzijde Printed in reddish-brown on cream stock, the obverse is centred on an ornate lobed cartouche with fine guilloche underprint, flanked at the upper left and right corners by denomination numeral '5' set within decorative frames. The Ottoman tughra occupies the top centre, with the date '22 Kânûn-i Evvel 1331' inscribed in Ottoman script beneath the heading, and series designation 'SÉRIE F' at centre left. Several lines of Ottoman Arabic script forming the promise-to-pay clause fill the lower portion, above a manuscript signature.
Opschrift voorzijde دولت علیّه عثمانیّه
٢٢ كانون اول ١٣٣١
SÉRIE F
5 PIASTRE
٥ غروش
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Opmerkingen

The Dette Publique Ottomane — the Ottoman Public Debt Administration — was not a bank but a foreign creditor body established in 1881 to manage repayment of the empire's defaulted external debt, largely controlled by European bondholders. That it ended up issuing emergency currency in 1916 reflects how badly the Ottoman financial apparatus had fractured under wartime strain. The Imperial Treasury and the Bank-i Osmani could not keep pace with demand for small-denomination notes, so this body, never designed for monetary functions, was pressed into service.

Small-denomination wartime issues from this series circulated hard and survived poorly.