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Turkish
Akce; Altin; Altinlik; Asper; Bakir; Beshlik; Beshlik Eshrefi
Altin; Beslik; Cedid Mahmudiye; Ceyrek Kurus; Chifte Eshrefi Altin; Chifte Zem
Mahbub; Cifte; Dirham; Dort Luk Eshrefi Altin; Eshrefi Altin; Findik; Hayriye
Altin; Kurus; Kurush; Lira ; Mahbub; Mahmudiye; Manghir; Mangir; Memduhiye
Altin; New Adli Altin; New Altin; Onluk; Onluk Eshrefi Altin; Para ; Piastre;
Rumi Altin; Serifi; Sherifi Altin; Sultani; Surre Altin; Tek Altin; Tek Altin;
Yarim; Yarim Altin; Yarim Kurus; Yirmilik; Yuzluk; Zeri; Zeri Mahbub; Zolota
The new lira is the currency of Turkey. The de
facto independent state of the Turkish Republic of Northern Cyprus also
uses this currency.
Because of the chronic inflation experienced in Turkey from the 1970s
through to the 1990s, the old lira experienced severe depreciation in
value.But in the last few years the Turkish lira stabilised and even rose against
the U.S. dollars and the euro.
In late December 2003, the Grand National Assembly of Turkey passed a
law that allowed for the removal of six zeroes from the currency, and
the creation of the new lira. It was introduced on 1 January 2005,
replacing the previous lira with the name "New Turkish Lira"
Banknotes, referred to by the Central Bank as the "E-8 Emission Group",
were introduced in 2005 in denominations of 1, 5, 10, 20, 50, and 100
new lira. Whilst the lower four denominations replaced older notes and
used very similar designs, the 50 and 100 new lira notes did not have
equivalents in the old currency. All notes show portraits of Mustafa
Kemal Atatürk from different points of his life and images of various
historical and otherwise important buildings and places in Turkey.
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