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5 Piastres Law of 22 December RC1331

Issuer Ottoman Public Debt Administration
Year 1915
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Value 5 Kurush (0.05)
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Protection type Blind underprint
Protection description Reverse carries a faint blind-printed mirror impression of the obverse design elements as a security measure against counterfeiting.
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Comments

The Ottoman Public Debt Administration was not a bank — it was an international creditor body established by the 1881 Muharrem Decree to manage Ottoman sovereign debt on behalf of European bondholders. Its authority to issue paper currency during World War One was an emergency measure born of the empire's near-total financial collapse. The kaime notes it produced in 1915 circulated alongside Treasury issues in territories where the Imperial Ottoman Bank's normal supply chains had broken down.

The RC1331 dating follows the Rumi calendar, placing issue in late 1915 by the Gregorian count. The blind underprint on this denomination was a minimal security measure — effective primarily against crude forgery, not sophisticated reproduction.

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