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The lira (Turkish: Türk lirası; sign: ₺; ISO 4217 code: TRY; [1] abbreviation: TL) is the official currency of Turkey and the Turkish Republic of Northern Cyprus, as well as one of the two currencies used in Syrian Opposition under the country's interim government. [2]
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It was introduced on 1 January 2005, replacing the previous lira (which remained valid in circulation until the end of 2005) at a rate of 1 new lira = 1,000,000 old lira. Following its introduction, the official name of the currency was the "New Turkish Lira", but according to the Central Bank, the word "new" (yeni) was only a "temporary ...
Neapolitan lira – Naples (Kingdom of Joachim Murat) Ottoman Turkish lira – Ottoman Empire; Papal States lira – Papal States; Parman lira – Parma; Sammarinese lira – San Marino; Sardinian lira – Sardinia; Tripolitanian lira (ليرة) – Tripolitania; Turkish lira – Turkey, Northern Cyprus; Turkish new lira – Turkey, Northern ...
The Central Bank of the Republic of Türkiye (CBRT) (Turkish: Türkiye Cumhuriyet Merkez Bankası, TCMB) is the central bank of Turkey.Its responsibilities include conducting monetary and exchange rate policy, managing international reserves of Turkey, as well as printing and issuing banknotes, and establishing, maintaining and regulating payment systems in the country.
Example of GNP-weighted nominal exchange rate history of a basket of 6 important currencies (US Dollar, Euro, Japanese Yen, Chinese Renminbi, Swiss Franks, Pound Sterling Bilateral exchange rate involves a currency pair, while an effective exchange rate is a weighted average of a basket of foreign currencies, and it can be viewed as an overall ...
Lira is the name of several currency units. It is the current currency of Turkey and also the local name of the currencies of Lebanon and of Syria.It is also the name of several former currencies, including those of Italy, Malta and Israel.
The new economic policy implemented in the 1980s accelerated the development of the Turkish economy. The annual growth rate of GDP was 3.3% in 1983, 5.1% in 1985, and 7.5% in 1987. In contrast, the rate of economic development in the 1990s, except 1991 and 1994, generally exceeded the 1980s (annual growth in GDP, 9.4% in 1990 and 0.3% in 1991).