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Ottoman Public Debt Administration: Wikis

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The Ottoman Public Debt Administration (OPDA), established 1881, was a European-controlled organization set up to collect the payments that the Ottoman Empire owed to companies in Europe, Ottoman public debt. The OPDA became a vast, essentially independent bureaucracy within the Ottoman bureaucracy, run by the creditors. It employed 5,000 officials who collected taxes that were then turned over to the European creditors[1]. 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, OPDA was financing many railways and many other industrial artifacts. The non-Muslim subjects of the Ottoman Empire were protected with the capitulations of the Ottoman Empire.

References

  1. ^ Donald Quataert, "The Ottoman Empire, 1700-1922" published 2000

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