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Decree of Muharrem
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Decree of Muharrem

Ottoman Empire [1881]

Learn about this topic in these articles:

debt reduction

  • This map shows the territorial expansion of the Ottoman Empire from 1300 to its greatest extent in 1683-99, highlighting different periods under rulers such as Mehmed II, Selim I, and Süleyman the Magnificent, and marking key cities, seas, and geographical boundaries in Europe, North Africa, and the Middle East.
    In Ottoman Empire: The 1875–78 crisis

    By the Decree of Muharrem (December 1881) the Ottoman public debt was reduced from £191 million to £106 million, certain revenues were assigned to debt service, and a European-controlled organization, the Ottoman Public Debt Administration (OPDA), was set up to collect the payments.

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