FACTOID # 77: Moldova has one of the smallest artillery forces in Europe, and the highest rate in the world of death by powered lawnmower. Coincidence? Surely not.
 
 Home   Encyclopedia   Statistics   Countries A-Z   Flags   Maps   Education   Forum   FAQ   About 
 
WHAT'S NEW
RECENT ARTICLES
More Recent Articles »
 

SEARCH ALL

FACTS & STATISTICS    Advanced view

Search encyclopedia, statistics and forums:

 

 

(* = Graphable)

 

 


Encyclopedia > Turkish lira
Turkish lira
Türk lirası (Turkish)
Gold lira in Ottoman Empire
ISO 4217 Code TRL
User(s) Turkey and the self-proclaimed Turkish Republic of Northern Cyprus
Subunit
1/100 kuruş
1/4000 para
Symbol TL
Coins 5000, 10,000, 25,000, 50,000, 100,000, 250,000 lira
Banknotes 250,000, 500,000, 1,000,000, 5,000,000, 10,000,000, 20,000,000 lira
Central bank Central Bank of the Republic of Turkey
Website www.tcmb.gov.tr
This infobox shows the latest status before this currency was rendered obsolete.

The lira (Turkish Türk lirası) was the currency of Turkey until 2005. Ottoman Turkish Gold Lira File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... Motto دولت ابد مدت Devlet-i Ebed-müddet (The Eternal State) Anthem Ottoman imperial anthem Borders in 1680, see: list of territories Capital Söğüt (1299–1326) Bursa (1326–65) Edirne (1365–1453) Constantinople (İstanbul, 1453–1922) Language(s) Ottoman Turkish Government Monarchy Sultans  - 1281–1326 Osman I  - 1918–22 Mehmed VI... Anthem İstiklâl Marşı(Turkish) Independence March Capital Nicosia Official languages Turkish Government Representative democratic republic1  -  President Mehmet Ali Talat  -  Prime Minister Ferdi Sabit Soyer Sovereignty from Cyprus   -  Proclaimed November 15, 1983   -  Recognition Only by Turkey  Area  -  Total 3,355 km² (not ranked) 1,295 sq mi   -  Water (%) 2. ... The new kuruÅŸ coin KuruÅŸ was a Turkish currency subunit. ... Look up para in Wiktionary, the free dictionary. ... It has been suggested that Türkiye Cumhuriyeti Merkez Bankası be merged into this article or section. ... Lira is the name of the monetary unit of a number of countries, as well as the former currency of Italy, San Marino and the Vatican City. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ...

Contents

History

The lira was introduced in 1844. It replaced the kuruş as the principal unit of currency, with the kuruş continuing to circulate as a subdivision of the lira, with 100 kuruş = 1 lira. The para also continued to be used, with 40 para = 1 kuruş. Until the 1930s, the Arabic script was used on Turkish coins and banknotes, with پاره for para, غروش for kuruş and ليرا for lira (تورك ليراسي for "Turkish lira"). In European languages, the kuruş was known as the piastre, whilst the lira was known as the livre in French. The kuruÅŸ (غروش) was the currency of the Turkey and parts of the Ottoman Empire until 1844. ... The Arabic alphabet is the script used for writing the Arabic language, which is the language of the Quran, the holy book of Islam. ... A 100 piastre note from French Indochina, circa 1954. ...


Between 1844 and 1881, the lira was on a bimetallic standard, with 1 lira = 6.61519 grams pure gold = 99.8292 grams pure silver. In 1881, the gold standard was adopted and continued until 1914. World War I saw Turkey effectively depart from the gold standard with the gold lira being worth about nine lira in paper money by the early 1920s. In economics, bimetallism is a monetary standard in which the value of the monetary unit can be expressed either with a certain amount of gold or with a certain amount of silver: the ratio between the two metals is fixed by law. ... “The Great War ” redirects here. ... The 1920s is a decade that is sometimes referred to as the Jazz Age or the Roaring Twenties, usually applied to America. ...


After periods pegged to the British pound and the French franc, a peg of 2.8 lira = 1 U.S. dollar was adopted in 1946 and maintained until 1960, when the currency was devalued to 9 lira = 1 dollar. From 1970, a series of hard, then soft pegs to the dollar operated as the value of the lira began to fall. For details of notes and coins, see British coinage and British banknotes. ... ISO 4217 Code FRF User(s) Monaco, Andorra, France except New Caledonia, French Polynesia, and Wallis and Futuna ERM Since 13 March 1979 Fixed rate since 31 December 1998 Replaced by €, non cash 1 January 1999 Replaced by €, cash 1 January 2002 € = 6. ... The United States dollar is the official currency of the United States. ...


Chronic inflation from the late 1970s onward saw the Turkish lira sharply depreciate against other major currencies. The 1970s decade refers to the years from 1970 to 1979. ...

  • 1966 — 1 U.S. dollar = 9 lira
  • 1980 — 1 U.S. dollar = 90 lira
  • 1988 — 1 U.S. dollar = 1,300 lira
  • 1995 — 1 U.S. dollar = 45,000 lira
  • 1996 — 1 U.S. dollar = 107,000 lira
  • 2001 — 1 U.S. dollar = 1,650,000 lira
  • 2004 — 1 U.S. dollar = 1,350,000 lira

In its last few years the Turkish lira stabilised and even rose against the U.S. dollar and the euro. The Guinness Book of Records ranked the lira as the world's least valuable currency. The lira had slid in value to such an extent that one original gold lira coin could be sold for approximately 120,000,000 lira prior to the 2005 revaluation. “EUR” redirects here. ... Suresh Joachim, minutes away from breaking the ironing world record at 55 hours and 5 minutes, at Shoppers World, Brampton. ... 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. ...


On January 1, 2005, a new currency, the Yeni Türk Lirası (YTL, ISO 4217: TRY), was introduced. The new lira was worth 1,000,000 old lira. is the 1st day of the year in the Gregorian calendar. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... TRY banknotes and coins The new Turkish lira is the current currency of Turkey and Turkish Republic of Northern Cyprus. ... 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). ...


Coins

Between 1844 and 1855, coins were introduced in denominations of 1, 5, 10, 20 and 40 para, ½, 1, 2, 5, 10, 20 kuruş, ¼, ½, 1, 2½ and 5 lira. The para denominations were struck in copper, the kuruş in silver and the lira in gold. The 1 para was discontinued in 1859, with the higher copper denominations ceasing production between 1863 and 1879. In 1899, billon 5 and 10 para were introduced, followed by nickel 5, 10, 20 and 40 kuruş in 1910. The silver and gold coinages ceased production as a consequence of the First World War. Ypres, 1917, in the vicinity of the Battle of Passchendaele. ...


In 1922 and 1923, a new coinage was introduced consisting of aluminium-bronze 100 para, 5 and 10 kuruş and nickel 25 kuruş. These were the last Turkish coins to bear inscriptions in the Arabic script.


In 1934, silver 100 kuruş coins were struck, followed the next year by a new coinage consisting of cupro-nickel 1, 5 and 10 kuruş, and silver 25 and 50 kuruş and 1 lira. Aluminium-bronze 10 par coins were issued between 1940 and 1942, the last coins to bear this denomination. Nickel-brass replaced silver in the 25 kuruş in 1944, with brass 1, 2½, 5, 10 and 25 kuruş introduced between 1947 and 1949. The silver 50 kuruş and 1 lira were discontinued in 1948, with cupro-nickel 1 lira issued in 1957.


Between 1958 and 1963, bronze 1, 5 and 10 kuruş and steel 25 kuruş, 1 and 2½ lira were introduced, followed by steel 50 kuruş and 5 lira in 1971 and 1974, respectively. Aluminium replaced bronze in 1975. These coins were issued up to 1980.


In 1981, with inflation gaining pace, aluminium 1, 5 and 10 lira coins were introduced. Higher denominations followed: 20, 50 and 100 lira in 1984, 25 lira in 1985, 500 lira in 1988, 1000 lira in 1990, 2500 lira in 1991, 5000 lira in 1992, 10,000 lira in 1994, 25,000 lira in 1995, 50,000 and 100,000 lira in 1999, and 250,000 lira in 2002.


Banknotes

Ottoman 100-lira specimen note
Ottoman 100-lira specimen note

The Banque Imperiale Ottomane (Imperial Ottoman Bank) first issued paper currency in 1862, in the denomination of 200 kuruş. The notes bore texts in Turkish and French. Notes for 1, 2 and 5 lira were introduced in 1873. In 1876, smaller denomination notes were introduced for 1, 5, 10, 20, 50 and 100 kuruş. In 1908, 50 and 100 lira notes were introduced. Download high resolution version (1365x855, 636 KB)Ottoman Turkish 100 Lira (Livres) Specimen note File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... Download high resolution version (1365x855, 636 KB)Ottoman Turkish 100 Lira (Livres) Specimen note File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... The new kuruÅŸ coin KuruÅŸ was a Turkish currency subunit. ...


From 1912, the Ministry of Finance issued paper money. Initially, notes were produced in denominations of 5 and 20 kuruş, ¼, ½, 1 and 5 lira, followed the next year by 1 and 2½ kuruş, 2½, 10, 25, 50, 100 and 500 lira. 1000 lira notes were introduced in 1914. In 1917, postage stamp money was issued in the form of 5 and 10 para stamps affixed to card. A selection of Hong Kong postage stamps A postage stamp is evidence of pre-paying a fee for postal services. ...


In 1926, the Ministry of Finance introduced notes for the Republic of Turkey in denominations of 1, 5, 10, 50, 100, 500 and 1000 lira. These were the last notes printed with both French and Turkish (in the Arabic script) texts on them. Each note carried the portrait of Mustafa Kemal Atatürk. Mustafa Kemal Atatürk (1881–10 November 1938), until 1934 Gazi Mustafa Kemal Pasha, Turkish army officer and revolutionist statesman, was the founder and the first President of the Republic of Turkey. ...

1000 TL note of the 1950s-1970s.
1000 TL note of the 1950s-1970s.
10,000 lira note
10,000 lira note
1 million lira
Reverse of the 20 million lira banknote (replaced by the 20 new lira note)
Reverse of the 20 million lira banknote (replaced by the 20 new lira note)

Between 1937 and 1939, the Central Bank of Turkey introduced new notes with Turkish texts in the Latin alphabet, bearing the portrait of President İsmet İnönü. Denominations of 2½, 5, 10, 50, 100, 500 and 1000 lira were issued. 1 lira notes were reintroduced in 1942, followed by 50 kuruş notes in 1944. These two lowest denominations were replaced by coins after World War II. Atatürk reappeared on a subsequent series of notes in the early 1950s. The 2½ lira notes were replaced by coins in 1960, with the same happening to the 5 and 10 lira notes in 1974 and 1981. Higher denomination notes were introduced during the 1980s and 90s: 5000 lira in 1981, 10,000 lira in 1982, 20,000 lira in 1988, 50,000 lira in 1989, 100,000 lira in 1991, 250,000 lira in 1992, 500,000 lira in 1993, 1,000,000 lira in 1995, 5,000,000 lira in 1997, 10,000,000 lira in 1999 and 20,000,000 lira in 2001. Download high resolution version (1019x495, 114 KB) Turkish 1000 Lira banknote. ... Download high resolution version (1019x495, 114 KB) Turkish 1000 Lira banknote. ... Image File history File links No higher resolution available. ... Image File history File links No higher resolution available. ... Image File history File links Size of this preview: 800 × 388 pixelsFull resolution (1124 × 545 pixel, file size: 376 KB, MIME type: image/jpeg) This image depicts a unit of currency. ... Image File history File links Size of this preview: 800 × 388 pixelsFull resolution (1124 × 545 pixel, file size: 376 KB, MIME type: image/jpeg) This image depicts a unit of currency. ... Download high resolution version (960x455, 110 KB)Twenty Million Turkish Lira banknote. ... Download high resolution version (960x455, 110 KB)Twenty Million Turkish Lira banknote. ... Other Turkish Topics Culture - Education Geography - History - Politics Turkey Portal The Central Bank of the Republic of Turkey (CBRT) (Turkish: ) is the central bank of Turkey and is founded as a joint stock company with the exclusive right to issue banknotes in Turkey. ... The Latin alphabet, also called the Roman alphabet, is the most widely used alphabetic writing system in the world today. ... Mustafa İsmet İnönü (September 24, 1884–December 25, 1973) was a Turkish soldier, statesman and the second President of Turkey. ... Combatants Allied powers: China France Great Britain Soviet Union United States and others Axis powers: Germany Italy Japan and others Commanders Chiang Kai-shek Charles de Gaulle Winston Churchill Joseph Stalin Franklin Roosevelt Adolf Hitler Benito Mussolini Hideki Tōjō Casualties Military dead: 17,000,000 Civilian dead: 33,000... This does not cite any references or sources. ...

Denomination 1970s series 1980s series 1990s and 2000s series
10 lira Maiden's Tower, Istanbul Atatürk meeting youths
20 lira Atatürk Mausoleum, Ankara
50 lira Soldiers
100 lira Ararat Mehmet Akif Ersoy (Composer of Turkish National Anthem)
500 lira Istanbul University İzmir Clock Tower
1000 lira Bosphorus Bridge Fatih Sultan Mehmet, view of Istanbul (SW)
5000 lira Mevlana Celaleddin Rumi and Mevlana Mausoleum, Konya
10,000 lira Mimar Sinan and Suleymaniye Mosque, Istanbul
20,000 lira Central Bank of Turkey, Ankara
50,000 lira National Parliament
100,000 lira Atatürk meeting youths
250,000 lira Red Tower of Alanya
500,000 lira — purple — Çanakkale Dardanelles (Anzac) Campaign Memorial
1,000,000 lira — pink and blue — Atatürk Dam, largest of all dams making up the Southeastern Anatolia Project
5,000,000 lira — brown — Atatürk Mausoleum in Ankara
10,000,000 lira — red — Cartographer Piri Reis' map and ship
20,000,000 lira — green — Ruins of Ephesus.

Mawlānā Jalāl-ad-Dīn Muhammad Rūmī[2] (Persian: , Turkish: Mevlânâ Celâleddin Mehmed Rumi) , also known as Mawlānā Jalāl-ad-Dīn Muhammad Balkhī (Persian: ), but known to the English-speaking world simply as Rumi, (September 30, 1207–December 17, 1273), was a... Map of the Dardanelles The Dardanelles (Turkish: Çanakkale Boğazı, Greek: Δαρδανέλλια, Dardanellia), formerly known as the Hellespont (Greek: Eλλήσποντος, Hellespontos), is a narrow strait in northwestern Turkey connecting the Aegean Sea to the Sea of Marmara. ... An ANZAC soldier gives water to a wounded Turk The Australian and New Zealand Army Corps (popularly abbreviated as ANZAC) was originally an army corps of Australian and New Zealand troops who fought in World War I at Gallipoli, in the Middle East and on the Western Front. ... Atatürk Dam was built on Euphrates river and was completed in 1990. ... Other Turkish Topics Culture - Education Geography - History - Politics Turkey Portal The Southeastern Anatolia Project (Turkish: Güneydoğu Anadolu Projesi, GAP) is a multi-sector integrated regional development project based on the concept of sustainable development for the 9 million people [1] living in a region. ... 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. ... Ankara is the capital of Turkey and the countrys second largest city after İstanbul. ... Cartography is the study of map making and cartographers are map makers. ... Piri Reis (originally Hadji Muhammad) was an Ottoman admiral born around 1465, in Gallipoli on the Dardanelles. ... Historical Map of Ephesus, from Meyers Konversationslexikon 1888 Ephesus (Greek: , Turkish: ), was one of the cities of Ionia in Asia Minor, located in Lydia where the Cayster River (Küçük Menderes) flows into the Aegean Sea. ...

See also

Turkeys economy is an industry and traditional economy where agriculture sector that in 2005 still accounted for 30% of employment. ... The economy of the Turkish Republic of Northern Cyprus is dominated by the services sector including the public sector, trade, tourism and education, with smaller agriculture and light manufacturing sectors. ...

References

  • Krause, Chester L. and Clifford Mishler (1991). Standard Catalog of World Coins: 1801-1991, 18th ed., Krause Publications. ISBN 0-87341-150-1. 
  • Pick, Albert (1994). Standard Catalog of World Paper Money: General Issues, Colin R. Bruce II and Neil Shafer (editors), 7th ed., Krause Publications. ISBN 0-87341-207-9. 
  • Sevket Pamuk (2000). A Monetary History of the Ottoman Empire. Cambridge University Press. ISBN 0-521-44197-8. 

External links


  Results from FactBites:
 
Turkish lira: Information from Answers.com (838 words)
The Turkish lira was the currency of Turkey until 2005.
Before the lira, the monetary unit used by the Ottoman Empire was first the akçe, later to be replaced by the kuruş (piastre), with the para as a subunit.
The Turkish Republic replaced the older imperial Ottoman paper liras with the Turkish lira being reissued as a mid size silver coin.
Lira at AllExperts (236 words)
Lira is the name of the monetary unit of a number of countries, as well as the former currency of Italy, San Marino and the Vatican City.
The New Turkish Lira, equivalent to 1,000,000 old lira, is the current currency of Turkey, issued on January 1 2005.
The Maltese Lira, known in the Maltese language as the Lira Maltija, is the currency of Malta.
  More results at FactBites »


 

COMMENTARY     

There are 1 more (non-authoritative) comments on this page

Share your thoughts, questions and commentary here
Your name
Your comments
Please enter the 5-letter protection code

Want to know more?
Search encyclopedia, statistics and forums:

 


Lesson Plans | Student Area | Student FAQ | Reviews | Press Releases |  Feeds | Contact
The Wikipedia article included on this page is licensed under the GFDL.
Images may be subject to relevant owners' copyright.
All other elements are (c) copyright NationMaster.com 2003-5. All Rights Reserved.
Usage implies agreement with terms.