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| Issuer | Türkiye Cumhuriyet Merkez Bankası |
|---|---|
| Year | 1940 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Engraver(s) | Log in to see details |
| In circulation to | 24 April 1956 |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The central vignette presents an intaglio view of the Rumelihisarı fortress in Istanbul, its medieval towers and curtain walls set within an arched decorative panel against a landscape background. Ornate guilloche borders and arabesques surround the vignette, while the denomination numeral '500' is repeated in each corner. The issuing bank's name is inscribed in two lines across the upper margin. |
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| Protection type | Watermark |
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| Comments |
This note belongs to the first series issued after the death of Atatürk in November 1938, when İsmet İnönü assumed the presidency and the central bank moved quickly to introduce revised currency reflecting the new political leadership. Thomas De La Rue had held the Turkish printing contract since the early Republican period, and the relationship continued uninterrupted through the transition — a deliberate signal of institutional continuity during an uncertain moment.
The 500 Lira denomination was substantial by the purchasing standards of wartime Turkey. With the country navigating pressure from both Axis and Allied powers while maintaining a precarious neutrality, high-denomination notes circulated primarily in government and commercial transactions rather than everyday trade.