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The Ottoman Public Debt Administration (OPDA) ( ota, دیون عمومیهٔ عثمانیه واردات مخصصه ادارهسی, script=Arab, Düyun-u Umumiye-i Osmaniye Varidat-ı Muhassasa İdaresi, or simply as it was popularly known), was a European-controlled organization that was established in 1881 to collect the payments which the
The Ottoman Public Debt Administration (OPDA) ( ota, دیون عمومیهٔ عثمانیه واردات مخصصه ادارهسی, script=Arab, Düyun-u Umumiye-i Osmaniye Varidat-ı Muhassasa İdaresi, or simply as it was popularly known), was a European-controlled organization that was established in 1881 to collect the payments which the Ottoman Empire
The Ottoman Empire, * ; is an archaic version. The definite article forms and were synonymous * and el, Оθωμανική Αυτοκρατορία, Othōmanikē Avtokratoria, label=none * info page on book at Martin Luther University) ...
owed to European companies in the Ottoman public debt
The Ottoman public debt was a term which dated back to 24 August 1855,< ...
. The OPDA became a vast, essentially independent bureaucracy within the Ottoman bureaucracy, run by the creditors and its governing council was packed with European government officials https://www.economist.com/news/international/21595928-countries-have-started-outsource-public-services-each-other-unbundling-nation Government-to-government trade: Unbundling the nation state- including one representative each from British, French, German, Austrian, Italian, Dutch, and Ottoman creditors, and one representative from the Ottoman state. It employed 5,000 officials who collected taxes that were then turned over to the European creditors.Donald Quataert, ''"The Ottoman Empire, 1700–1922"'' (published in 2000.) At its peak it had 9,000 employees, more than the empire’s finance ministry.
The OPDA played an important role in Ottoman financial affairs. Also, it was an intermediary with European companies seeking investment opportunities in the Ottoman Empire. In 1900, the OPDA was financing many railways and other industrial projects. The financial and commercial privileges of the non-Muslim foreigners were protected with the capitulations of the Ottoman Empire.
After the dissolution of the Ottoman Empire
The dissolution of the Ottoman Empire (1908–1922) began with the Young Turk Revolution which restored the constitution of 1876 and brought in multi-party politics with a two-stage electoral system for the Ottoman parliament. At the same tim ...
, between 1918 and 1924 Ottoman revenue stamps overprinted O.P.D.A. or A.D.P.O., or stamps printed with those inscriptions, were issued for use in Palestine
__NOTOC__
Palestine may refer to:
* State of Palestine, a state in Western Asia
* Palestine (region), a geographic region in Western Asia
* Palestinian territories, territories occupied by Israel since 1967, namely the West Bank (including East ...
, Transjordan Transjordan may refer to:
* Transjordan (region), an area to the east of the Jordan River
* Oultrejordain, a Crusader lordship (1118–1187), also called Transjordan
* Emirate of Transjordan, British protectorate (1921–1946)
* Hashemite Kingdom of ...
, Syria
Syria ( ar, سُورِيَا or سُورِيَة, translit=Sūriyā), officially the Syrian Arab Republic ( ar, الجمهورية العربية السورية, al-Jumhūrīyah al-ʻArabīyah as-Sūrīyah), is a Western Asian country loc ...
and Lebanon
Lebanon ( , ar, لُبْنَان, translit=lubnān, ), officially the Republic of Lebanon () or the Lebanese Republic, is a country in Western Asia. It is located between Syria to the north and east and Israel to the south, while Cyprus li ...
.
See also
*Chinese Maritime Customs Service
The Chinese Maritime Customs Service was a Chinese governmental tax collection agency and information service from its founding in 1854 until it split in 1949 into services operating in the Republic of China on Taiwan, and in the People's Republ ...
* Caisse de la Dette The Caisse de la Dette Publique ("Public Debt Commission") was an international commission established by a decree issued by Khedive Ismail of Egypt on 2 May 1876 to supervise the payment by the Egyptian government of the loans to the European gove ...
in Egypt
* International Financial Control
The International Financial Control ( el, Διεθνής Οικονομικός Έλεγχος) was the supervision of the public finances of Greece which was imposed by European powers, who had lent Greece in autumn of 1897 when the country bankr ...
of the Kingdom of Greece
The Kingdom of Greece ( grc, label=Greek, Βασίλειον τῆς Ἑλλάδος ) was established in 1832 and was the successor state to the First Hellenic Republic. It was internationally recognised by the Treaty of Constantinople, where ...
* Moroccan Debt Administration
The Moroccan Debt Administration (french: administration de la dette marocaine), formally known as the ''Contrôle de la dette'' from 1904 to 1910 and after that as the ''Administration du Contrôle de la dette publique mahghzénienne'' (referrin ...
References
Further reading
* Birdal, Murat. ''"The Political Economy of Ottoman Public Debt: Insolvency and European Financial Control in the late Nineteenth Century."'' 2010. * Blaisdell D., "''European Financial Control in the Ottoman Empire''", 1929 * Conte G., Sabatini G., "''The Ottoman External Debt and Its Features Under European Financial Control (1881-1914)''", «The Journal of European Economic History», 3 (2014).External links
* {{Authority control Public debt 1881 establishments in the Ottoman Empire Organizations based in Istanbul Defunct organizations based in Turkey Organizations established in 1881 History of government debt