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Encyclopedia > Turkish new lira
TRY banknotes and coins
TRY banknotes and coins

The Turkish new lira is the current currency of Turkey and of the de facto state Turkish Republic of Northern Cyprus. Introduced on 1 January 2005, it is equivalent to 1,000,000 Turkish old lira (which remained valid in circulation until the end of 2005) and divided into 100 new kuruş. Download high resolution version (800x627, 272 KB)New Turkish Lira Banknotes and coins File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... Download high resolution version (800x627, 272 KB)New Turkish Lira Banknotes and coins File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... Non-recognized nations are states that have declared their independence, but not been acknowledged as such by the international community at large. ... Political status de facto: Independent de jure: Recognized only by Turkey Official language Turkish Capital LefkoÅŸa (Nicosia) , Founder Rauf DenktaÅŸ President Mehmet Ali Talat Prime Minister Ferdi Sabit Soyer House Speaker Fatma EkenoÄŸlu Area  - Total  - % water 3,355 km² 2. ... January 1 is the first day of the calendar year in both the Julian and Gregorian calendars. ... Template:Diffgggtgerent calendars 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... One million (1000000), one thousand thousand, is the natural number following 999999 and preceding 1000001. ... The Turkish lira was the currency of Turkey until 2005. ... Template:Diffgggtgerent calendars 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... The new kuruÅŸ coin KuruÅŸ was a Turkish currency subunit. ...

Contents


Currency specification

  • Symbol: YTL (Yeni Türk Lirası), The ISO 4217 code of Turkish new lira is "TRY".
  • Banknotes: 100, 50, 20, 10, 5 and 1 YTL
  • Coins: 1 YTL and 50, 25, 10, 5, and 1 new kuruş

ISO 4217 is the international standard describing three letter codes (also known as the currency code) to define the names of currencies established by the International Organization for Standardization (ISO). ...

Design

Same banknote and coin designs are shared with the Turkish old lira, to prevent any confusion.


All notes and coins 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. Mustafa Kemal Atatürk Mustafa Kemal Atatürk (1881–November 10, 1938), Turkish army officer, revolutionary, and anti-imperialist statesman, was the founder and first President of the Republic of Turkey. ...


The design of the 50 kuruş and 1 lira coins, to the dismay of the European Central Bank, clearly resembles that of the €1 and €2 coins respectively. This could cause confusion in the eurozone. Also, it caused trouble to businesses using vending machines (particularly at airports) in the eurozone since a number of vending machines at the time accepted the 1 lira coin as a €2 coin. Since €2 is worth roughly 3-4 times more, vending machines affected had to be upgraded at the expense of their owners. The ECB building in Frankfurt The European Central Bank (ECB) (French: Banque Centrale Europeénne, German: Europäische Zentralbank) The ECB is one of the worlds largest central banks, being in charge of fiscal and monetary policy for the European Unions official currency, the euro, which is - to... The Eurozone (also called Euro Area, Eurosystem or Euroland) is the subset of European Union member states which have adopted the euro, creating a currency union. ...


History

Owing to the chronic inflation experienced in Turkey from the 1970s through to the 1990s, the Turkish lira experienced severe depreciation in value. Turkey has had high inflation rates compared to developed countries but has never suffered hyperinflation. From an average of 9 lira per U.S. dollar in the late 1960s, the currency came to trade at approximately 1.65 million lira per U.S. dollar in late 2001. This represented an average inflation of about 38% per year. Prime Minister Recep Tayyip Erdoğan had called this problem a "national shame". In late December 2003, the Turkish Parliament passed a law which allowed for the removal of six zeroes from the currency, and the creation of the Turkish new lira. The introduction of the Turkish new lira has also been accompanied by two new banknotes which did not have equivalents in the old system: TRY 100 and TRY 50. Chronic inflation is characterized by much higher price increases than ordinary inflation, at annual rates of 10 to 30 per cent in some industrial nations and even 100 per cent or more in a few developing countries. ... The 1970s decade refers to the years from 1970 to 1979, inclusive. ... The 1990s decade refers to the years from 1990 to 1999, inclusive. ... In economics, hyperinflation is inflation which is out of control, a condition in which prices increase rapidly as a currency loses its value. ... The United States dollar is the official currency of the United States. ... The 1960s decade refers to the years from 1960 to 1969, inclusive. ... One million (1000000), one thousand thousand, is the natural number following 999999 and preceding 1000001. ... 2001: A Space Odyssey. ... O da kim? ... December 2003: January - February - March - April - May - June - July - August - September - October - November - December - → Events December 31, 2003 In Taiwan, President Chen Shui-bian signs a law that allows referendums to be held. ... Insert non-formatted text hereInsert non-formatted text here:This article is about the legislative institution. ...


Conversion rates on April 22, 2006: April 22 is the 112th day of the year in the Gregorian calendar (113th in leap years). ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ...

  • USD 1.00 = TRY 1.3255
  • EUR 1.00 = TRY 1.63096
  • GBP 1.00 = TRY 2.36256
  • CAD 1.00 = TRY 1.16522
  • TRY 1.00 = USD 0.75443
  • TRY 1.00 = EUR 0.61314
  • TRY 1.00 = GBP 0.42327
  • TRY 1.00 = CAD 0.85882

With the revaluation of the Turkish old lira, the Romanian leu (also revalued in July 2005) briefly became the world's least valued currency unit. The Romanian leu (, plural: lei ; ISO 4217 code RON; numeric code 946) is the national currency of Romania. ... Template:Diffgggtgerent calendars 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... The least valued currency unit is the currency in which a single unit buys the least number of any given other currency or the smallest amount of a given good. ...


Current TRY exchange rates

AUD | CAD | CYP | EUR | GBP | INR | NZD | USD


External links


Pre-euro and other EU currencies EU Flag
Eurozone Austrian schilling | Belgian franc | Dutch gulden | Finnish mark | French franc | German mark | Greek drachma | Irish pound | Italian lira | Luxembourgian franc | Portuguese escudo | San Marinese lira | Spanish peseta | Vatican lira
ERM Cypriot pound | Danish krone | Estonian kroon | Latvian lats | Lithuanian litas | Maltese lira | Slovak koruna | Slovenian tolar
Other EU British pound | Czech koruna | Hungarian forint | Polish złoty | Swedish krona


The euro (plural euro--but note linguistic issues concerning the euro, symbol: €; banking code: EUR) is the official currency of the European Union and single currency for over 300 million Europeans in the following twelve European Union member states: Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands... Image File history File links European_flag. ... The Eurozone (also called Euro Area, Eurosystem or Euroland) is the subset of European Union member states which have adopted the euro, creating a currency union. ... The Schilling was the currency of Austria until 1999, when the Euro was introduced at a fixed parity of €1 = 13. ... The Belgian franc (Dutch Belgische frank, French franc belge) was the currency of Belgium, before the adoption of the euro. ... The gulden (sometimes called guilder in English), represented by the symbol ƒ or fl. ... The markka (or Finnish mark) was the currency used in Finland from 1860 until January 1, 1999 (in practice on January 1, 2002), when it was replaced by the euro (€). The currency code used for the markka was FIM, and the usual familiar notation was a postfix mk. ... French Franc. ... The Deutsche Mark (DEM, DM) or German mark was the official currency of West and, from 1990 onwards, unified Germany. ... Drachma, pl. ... The harp has long been associated with the Irish pound, here on a 1990 Irish pound coin. ... The lira (plural lire) was the currency of Italy between 1861 and 2002. ... The franc was the currency of Luxembourg from 1854 until 2002. ... The escudo was the official currency of Portugal prior to the introduction of the euro in 1 January 1999 (euro coins and notes were not introduced until 2002). ... The San Marinese lira (plural lire) was the official unit of San Marino. ... The peseta is the former currency of Spain and, (along with the French Franc), of Andorra. ... The Vatican lira (plural lire) was the official unit of the Vatican City State. ... The European exchange rate mechanisms (or ERM) was a system introduced by the European Community in March 1979, as part of the European Monetary System (EMS), to reduce exchange-rate variability and achieve monetary stability in Europe, in preparation for Economic and Monetary Union and the introduction of a single... The Cyprus Pound, also known unofficially as the Cyprus Lira (from Greek Λίρα (pl. ... The Danish krone is the currency used in Denmark and the Danish dependency of Greenland. ... The Kroon is the official currency of Estonia. ... 5 lats coin, used before WWII, becamed popular symbol of independence during soviet era The lats (in Latvian: lats, plural lati, the ISO 4217 currency code: LVL) is the official currency of Latvia. ... The litas (ISO currency code LTL, symbolized as Lt; Lithuanian plural form is litai) is the official currency of Lithuania. ... The Maltese lira, known in the Maltese language as the Lira Maltija, is the currency of Malta. ... This article deals with the currency of modern Slovakia. ... The tolar has been the currency of Slovenia since October 1991. ... GBP redirects here. ... The Koruna (English translation Crown) is the currency used in the Czech Republic and Slovakia. ... The forint (currency code HUF) is the currency of Hungary. ... Złoty (literally meaning golden, plural: złote or złotych, depending on the number) is the Polish currency unit. ... The krona (currency code SEK) has been the currency of Sweden since 1873. ...

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Currencies of Europe
Eurozone Euro
Northern Danish krone | Faroese króna | Icelandic króna | Norwegian krone | Swedish krona
Baltic Estonian kroon | Latvian lats | Lithuanian litas
Western Swiss franc | Pound sterling | Guernsey pound | Manx pound | Jersey pound
Central Czech koruna | Hungarian forint | Polish złoty | Slovak koruna | Slovenian tolar
Eastern Belarusian ruble | Russian ruble | Transnistrian ruble | Ukrainian hryvnia
Southeastern Albanian lek | Bulgarian lev | Bosnia and Herzegovina convertible mark | Croatian kuna | Macedonian denar | Romanian leu | Moldovan leu | Serbian dinar
Mediterranean Cypriot pound | Gibraltar pound | Maltese lira | Turkish new lira
Transcaucasia Armenian dram | Azerbaijani manat | Georgian lari
Currencies of Asia and the Pacific
Central Afghan afghani | Kazakhstani tenge | Kyrgyzstani som | Mongolian tugrug | Russian ruble | Tajikistani somoni | Turkmenistani manat | Uzbekistani som
East Chinese yuan | Hong Kong dollar | Japanese yen | Macanese pataca | North Korean won | South Korean won | New Taiwan dollar
South-East Brunei dollar | Cambodian riel | Indonesian rupiah | Lao kip | Malaysian ringgit | Myanmar kyat | Philippine peso | Singapore dollar | Thai baht | US Dollar (East Timor) | Vietnamese đồng
South Bangladeshi taka | Bhutanese ngultrum | Indian rupee | Maldivian rufiyaa | Nepalese rupee | Pakistani rupee | Sri Lankan rupee
West Armenian dram | Azerbaijani manat | Bahraini dinar | Cypriot Pound | Egyptian pound | Georgian lari | Iranian rial | Iraqi dinar | Israeli new sheqel | Jordanian dinar | Kuwaiti dinar | Lebanese pound | Omani rial | Qatari riyal | Saudi riyal | Syrian pound | Turkish new lira | UAE dirham | Yemeni rial
Pacific Australian dollar (Kiribati, Nauru, Norfolk Island, Tuvalu) | CFP franc (French Polynesia, New Caledonia, Wallis and Futuna) | Fijian dollar | New Zealand dollar (Cook Islands, Niue, Tokelau, Pitcairn Islands) | Papua New Guinean kina | Samoan tala | Solomon Islands dollar | Tongan pa'anga | US dollar (American Samoa, Guam, Northern Mariana Islands, Marshall Islands, Federated States of Micronesia, Palau) | Vanuatu vatu
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  Results from FactBites:
 
Turkey - Wikipedia, the free encyclopedia (4169 words)
In 1923 the Treaty of Lausanne recognized the sovereignty of a new Turkish Republic, Kemal was granted the name Atatürk (meaning father of Turks) by the National Assembly and would become the Republic's first President.
On January 1st 2005 the Turkish Lira was replaced by the New Turkish Lira, at an exchange rate of 1 new lira to 1,000,000 old.
The Turkish constitution recognises freedom of religion for individuals, and the religious communities are placed under the protection of state, but the constitution explicitly states that they cannot become involved in the political process, by forming a religious party for example.
  More results at FactBites »

 
 

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