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500 Livres

Issuer Ottoman Public Debt Administration (Düyun-u Umumiye)
Year 1916
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Value 500 Livres
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Obverse lettering دولت علیّه عثمانیه
٥٠٠
500
28 ذی الحجه 1334
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Reverse lettering ٥٠٠
500
بو برات ساه ممالك ملك فاسل ربوع وصعوبه شمائله وار
اولوب استظلال اهل صنوف ربانی رضمین برشمس کار
شوکت اولدیغی صور القرون ودلت رکون دیلمک اوزره دولتلو
بونت سلامتلو
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Comments

The Ottoman Public Debt Administration was not a bank — it was a foreign creditor body established in 1881 to manage repayment of the empire's defaulted external debt, staffed largely by European bondholders' representatives. That it began issuing emergency paper currency in 1916 reflects how completely the empire's financial infrastructure had collapsed under wartime strain, with the Imperial Treasury unable to meet even basic liquidity demands without ceding the function to this quasi-sovereign foreign-controlled agency.

The 500 Livres denomination was the highest in the P#114 series, almost certainly too large for ordinary retail use and likely intended for inter-institutional settlements. High-denomination wartime issues of this type were frequently cancelled or destroyed before the armistice ended their relevance.

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