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The new Turkish lira sign was also criticized for allegedly showing a similarity with an upside-down Armenian dram sign. [74] [78] In May 2012, the Unicode Technical Committee accepted the encoding of a new character U+20BA ₺ TURKISH LIRA SIGN for the currency sign, [79] which was included in Unicode 6.2 released in September 2012. [80]
The new Turkish lira (Turkish: Yeni Türk Lirası) was the currency of Turkey and the de facto independent state of the Turkish Republic of Northern Cyprus between 1 January 2005 and 31 December 2008 which was a transition period for the removal of six zeroes from the currency. [1] The new lira was subdivided into 100 new kuruş (yeni kuruş).
For the Turkish lira, the Turkish lira sign (U+20BA ₺ TURKISH LIRA SIGN) is used. The Lebanese lira uses £L (before numerals) or L.L. (after numerals) in Latin and ل.ل. in Arabic. The Syrian lira uses £S (before numerals) or L.S. (after numerals) in Latin and ل.س in Arabic.
Affected by the deterioration of the relationship between Turkey and the United States, the exchange rate crisis in Turkey. For the whole of last year, the Turkish lira fell by 30% against the US dollar. Due to the sharp depreciation of the lira, the cost of corporate debt repayment has increased, and many companies have filed for bankruptcy.
The Turkish textile is the world's fifth largest exporter, accounting for 10% of the country's GDP and employing 750 000 people in 2018. Turkish companies made clothing exports worth $13.98 billion in 2006; more than $10.67 billion of which (76.33%) were exported to the European Union. [71]
The sum of these GDPs are then scaled down to equal $100 in the base year. The scaling factor then becomes part of the definition of the WCU, as it defines the size of the GDP basket. It is envisaged that every 5 or 10 years, the WCU can be rebased, with the new series using a new base year spliced to the old series much like consumer price ...
In 1844, the Turkish gold lira was introduced as the new standard denomination. It was divided into 100 silver kuruş and the kuruş continued to circulate until the 1970s. Kuruş eventually became obsolete due to the chronic inflation in Turkey in the late 1970s. A currency reform on 1 January 2005 provided its return as 1 ⁄ 100 of the new lira.