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50 Lira Red reverse

Issuer Türkiye Cumhuriyet Merkez Bankası (Central Bank of the Republic of Turkey)
Year 1956
Type Standard circulation banknote
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Obverse lettering TÜRKİYE CUMHURİYET MERKEZ BANKASI 50 ELLİ TÜRK LİRASI
(Translation: Central Bank of the Turkish Republic, Fifty Turkish Lira)
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Reverse lettering 50 TÜRK LİRASI TÜRKİYE CUMHURİYET MERKEZ BANKASI
(Translation: 50 Turkish Lira, Central Bank of the Turkish Republic)
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Comments

Bradbury Wilkinson produced a long run of Turkish issues through the mid-century, and this note is distinguished within the series by its red reverse — a deliberate change from the earlier blue-reverse variant of the same Pick series, made during a period when Turkey was cycling through design amendments without issuing entirely new types. The distinction matters for collectors because the two are catalogued separately, yet they circulated concurrently and look nearly identical at a glance.

Turkey's 1950s monetary environment was marked by chronic inflation and repeated devaluations tied to the Democrat Party government's aggressive industrialization spending. High-denomination paper saw heavy circulation and significant wear as a result.

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