A Monetary History of the Ottoman Empire
The Ottoman empire stood at the crossroads of intercontinental trade at the dawn of the era of capitalism. This volume examines the monetary history of that empire from its beginnings in the fourteenth century to the end of the first world war. Through a detailed examination of the currencies and related institutions of an empire which stretched from the Balkans through Anatolia, Syria, Egypt and the Gulf to the Maghrib, the book demonstrates the complexity of the monetary arrangements and their evolution in response to both local developments and global economic forces. The volume also affords some valuable insights into social and political history and the evolution of Ottoman institutions. This is an important 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?