Turkey drops 6 zeroes

tbirde56

According to the State Bank:
On Jan. 1 one million old Lira will equal 1 New (Yeni) Lira (~$1.43 U.S.). One hundred New Kurus will equal 1 New Lira.
Planned coins are 1, 5, 10, 25, 50 Nk and 1 NL.
Planned notes are 1, 5, 10, 20, 50, 100 NL.
Old coins and notes will be withdrawn over a one year period but convertible for the next ten.
Text Link
Pictures
Old and New coins specs and pics

farthing

All part of trying to get accepted into the EU.

About time that they made this move. When I was there 2 years ago I felt like I was using play money.

Aethelred

<< <i>All part of trying to get accepted into the EU.

About time that they made this move. When I was there 2 years ago I felt like I was using play money. >>



I believe you pretty much were!

sumnom

There is talk in South Korea of dropping three zeroes. zeros. three 0's.

wybrit

Regis Philbin's dream of breaking into Turkish television took a big hit when those 6 zeroes vanished.

JoesMaName

Dang,

There goes my favorite pickup line about being a Turkish Billionaire....

rhound1977

spoon

About time. But convertable for 10 years?! why?
I notice that the bank doesn't like pics of their money floating about, see Ron Wise's catalog

bosox

Old, old problem. I lived in Turkey in 1978-79. When I got there $1 = 20 lira. When I left it was something like $1 = 2,000 lira. Dollars were in very high demand in Turkey because of their stability. Go figure.