50 Türk Lirası

Pick 175 belongs to the earliest emission series of the Türkiye Cumhuriyet Merkez Bankası, which was founded in 1930 — meaning this note dates from the bank's first year of operation. Prior to that, the Ottoman Imperial Bank had held the note-issuing privilege, so this series marked a deliberate break: a Republican government finally controlling its own currency apparatus rather than relying on a partly foreign-owned institution.

The law authorizing the central bank was passed on 11 June 1930; the first notes entered circulation before the year was out. Known examples of this 50 Lira denomination show heavy use, consistent with a high-value note that actually circulated rather than being saved.