The US isn’t the only country dealing with high cost of production of coins

olympicsos

In Turkey it is the workhorse coins that are the problem.

https://www.turkishminute.com/2024/12/18/minting-1-lira-coins-costs-turkey-over-3-lira-lawmaker/

Sapyx

Inflation happens everywhere. A key symptom of inflation having already happened is coins becoming obsolete due to their production costs becoming higher than their face value. It does not help that the 1 lira coin is bimetallic, making it inherently more expensive to produce than a cheap plated steel coin.

Turkey is well familiar with the problem, as they have had high creeping inflation since the 1950s. Prior to the 2005 currency reform, circulating coins with five or six zeros at the end of the denomination were quite normal, and coin designs typically only lasted a few years before becoming obsolete.

The period from 2003 to 2016 was quite unusual for Turkey because the inflation slowed down to match other currencies, leaving the New Lira quite stable for over a decade. But the rot has resumed, the Turkish lira continues to collapse in value and no blustering from a strongman president can stop it.

When I was in Turkey in 2014, 1 US dollar would buy you 2 Turkish Lira. Now, it'll buy you 36 Turkish Lira.