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50 Lira

Issuer Türkiye Cumhuriyet Merkez Bankası (Central Bank of the Republic of Turkey)
Year 1947
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Value 50 Lira (50 TRL)
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Obverse description At right, an intaglio portrait vignette of President İsmet İnönü faces left within an ornate arched frame. The centre of the note carries a large guilloche rosette with the numeral 50 inset, above a letterpress tablet inscribed 'Elli Türk Lirası' and the enabling law text. Two printed signature facsimiles appear at lower centre, with the printer's imprint 'American Bank Note Company' at the foot.
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Reverse description The central vignette presents a pastoral scene of Angora goats standing in a field, rendered in intaglio engraving and framed by ornate guilloche scrollwork borders. Large numeral 50 denominational counters appear at both left and right within elaborate lathe-work panels, with repeated small '50' numerals along the lower border. The bank title runs across the top in letterpress, and the printer's imprint appears at the foot.
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Comments

Turkey contracted the American Bank Note Company for several of its mid-century series, and this 1947 note belongs to a period of particular monetary pressure: the country was emerging from wartime non-belligerence — a stance that required maintaining a large standing army — leaving the treasury severely strained and inflation a persistent concern throughout the late 1940s.

ABNCo's engraved intaglio work on Turkish commissions from this period is generally clean and consistent. The single watermark is the note's only mechanical security feature, which was not unusual for the denomination at that time but left the series vulnerable to sophisticated forgery.

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