A Monetary History of the Ottoman Empire
This volume examines the monetary history of a large empire located at the crossroads of intercontinental trade from the fourteenth century until the end of World War I. It covers all regions of the empire from the Balkans through Anatolia, Syria, Egypt and the Gulf to the Maghrib. The implications of monetary developments for social and political history are also discussed throughout the volume. This is an important and pathbreaking book by one of the most distinguished economic historians in the field.
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The book does not contain the sovereign bond were issued on 5th January 1870 at Cononstatinople by government Imperial Ottoman(OTTOMAN EMPIRE) maturing in 1974.
I hold a security bond no 0400018 for 400 francs for the above issue and wrote to T.C.Ziraat bankasi for getting value of redemption. They replied that Centra bank of the Republic Of Turkey informed that these securites were converted in to Turkish obligation Bonds during the period October 1933 to october 1943 and the securities not exchanged were prescribed in favour Republic of Turkey hence the security is not good for payment.
I want to know how come that bearer sovereign securities issued and became null and void with out informing the global investors about the change in terms and conditions as per terns of offer?