Ottoman Lira

Ottoman Lira

The currency of the Ottoman Empire between 1862 and its demise after World War I. The lira's issue marked the first time the Ottoman Empire printed paper money. It was pegged to gold. It was replaced by the Turkish lira and a number of other national currencies.
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000 Ottoman lira and the average interest rate was 5.
For instance, as seen from the data of Table 4, while the budget deficit of the 1869-1870 financial year was 507 245 Ottoman liras (1 Ottoman lira =100 cents), the budget deficit in 1871-1872 budget was realized as 3 564 520 Ottoman liras.
1a) In 1844, One Ottoman lira was accepted as 100 cents.
Starting from the data in this table, it is calculated that the average of the 15 separate foreign borrowings is 16 346 667 Ottoman liras and the average interest is 5.
The average amount of the loans was increased to 23 451 111 Ottoman liras with an increase ratio of 412%, but the average interest rate was remained same with 5.
Moreover, there was a floating debt of 17 million Ottoman liras apart from those.
This course was followed by the increase up to 20 million Ottoman liras in terms of revenues of 1872-73 budget and the expenditures of 1871-72 budget.
5 thousand Ottoman liras in 1868-69 budget and there was budget deficit in all other budgets.