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The Turkish lira partially recovered in early 2021 with the government's increase in interest rates. However, the currency began to crash due to inflation and depreciation starting on 21 March 2021, after the sacking of Central Bank chief Naci Ağbal. The Turkish lira reached a then-all-time-low of ₺8.8 to the dollar on 4 June.
In January 1961, the currency was decimalised, with the rupee subdivided into 100 pice, renamed (in English) paise (singular paisa) later the same year. However, coins denominated in paise have not been issued since 1994. In 1972, the newly independent Bangladesh introduced the taka originally at parity with the Pakistani rupee. Afterwards, the ...
100 Niue dollar [E] $ (none) Cent: 100 North Macedonia: Macedonian denar: DEN: MKD Deni: 100 Northern Cyprus: Turkish lira ₺ TRY Kuruş: 100 Norway: Norwegian krone: kr NOK Øre: 100 Oman: Omani rial: RO OMR Baisa: 1000 Pakistan: Pakistani rupee: Re or Rs (pl.) PKR Paisa: 100 Palau: United States dollar $ USD Cent: 100 Palestine: Israeli new ...
In the transitional period between 1 January 2005 and 31 December 2008, the second Turkish lira was officially called "new Turkish lira" (abbr: YTL) in Turkey. Banknotes, referred to by the Central Bank as the "E-8 Emission Group", were introduced in 2005 in denominations of YTL 1, YTL 5, YTL 10, YTL 20, YTL 50, and YTL 100.
In the wake of this currency reform, Egypt minted a gold coin known as the bedidlik, equal to 100 piastres, and a silver rial coin of 20 piastres corresponding to the Maria Theresa Thaler. In 1839, a piastre contained 1.146 grams of silver, and meanwhile the British gold sovereign was rated at 97.5 piastres.
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).
During the 19th century, the Ottoman Empire and the Eyalet of Egypt adopted the lira as their national currency, equivalent to 100 piasters or kuruş. When the Ottoman Empire collapsed between 1918 and 1922, many of the successor states retained the lira as their national currency.
One alternative for the currency name has been labelled as "R5" (from the five currencies renminbi, ruble, rupee, real, and rand), or with other multilateral. [174] A symbolic banknote was unveiled during the 16th summit in Kazan, Russia.