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The lira (; Currency sign, sign: Turkish lira sign, ₺; ISO 4217, ISO 4217 code: TRY; abbreviation: TL) is the official currency of Turkey. It is also legal tender in the ''de facto'' state of the Turkish Republic of Northern Cyprus. One lira is divided into one hundred ''kuruş''. The current lira is the Second Turkish lira, having succeeded the first Turkish lira in 2005 which in turn succeeded the Ottoman lira in 1923. Since 2018 the Turkish lira has been in crisis, having plummeted in value following Turkish president Recep Tayyip Erdoğan, Erdogan's economic and political policies. History Ottoman lira (1844–1923) The lira, along with the lira, related currencies of Europe and the Middle East, has its roots in the Ancient Rome, ancient Roman unit of weight known as the Libra (weight), libra which referred to the Troy weight, Troy pound of silver. The Roman libra adoption of the currency spread it throughout Europe and the Near East, where it continued to be used into ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banknotes Of Turkey
In 1926, the Ministry of Treasury and Finance (Turkey), Ministry of Finance introduced notes for the Turkey, Republic of Turkey in denominations of Turkish lira, TL 1, TL 5, TL 10, TL 50, TL 100, TL 500 and TL 1,000. These were the last notes printed with both French and Turkish (in the Arabic script) texts on them. The TL 50, TL 100, TL 500 and TL 1,000 notes carried the portrait of Mustafa Kemal Atatürk. Between 1937 and 1939, the Central Bank of Turkey introduced new notes with Turkish texts in the Latin script, again depicting Atatürk. this time on all denominations. After Atatürk's death the same design was recycled with İsmet İnönü replacing Atatürk's image. Denominations of TL 2½, TL 5, TL 10, TL 50, TL 100, TL 500 and TL 1,000 were issued. TL 1 notes were reintroduced in 1942, followed by 50 kuruş (TL 0.5) notes in 1944. These two lowest denominations were replaced ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
