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From 1 January 2009, the prefix "new" was removed from the second Turkish lira, its official name in Turkey becoming "Turkish lira" again; [57] new coins without the word "yeni" were introduced in denominations of 1kr., 5kr., 10kr., 25kr., 50kr. and ₺1. Also, the center and ring alloys of the 50kr. and ₺1 coins were reversed.
The "New Turkish lira" (TRY) was introduced on 1 January 2005. [118] On 1 January 2009, the New Turkish lira was renamed once again as the "Turkish lira", with the introduction of new banknotes and coins. Banking came under stress beginning in October 2008, as a result of the 2008 global financial crisis. Turkish banking authorities warned ...
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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 ...
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.
On 15 August 2018, Qatar pledged to invest $15 billion in the Turkish economy making the lira rally by 6%. [122] [121] On 29 November 2018, the Turkish lira hit a 4-month high in value against the US Dollar. It recovered from 7.0738 against the dollar to 5.17 on 29 November, an increase of 36.8%.
Reverse of the 20,000 Turkish lira banknote (1988-1997) featuring the main headquarters of the Central Bank of Turkey in Ankara. The former Head Office Building of the bank was depicted on the reverse of the Turkish 50 kuruş banknote of 1944-1947 [ 8 ] and of the 2 1 ⁄ 2 lira banknotes of 1952–1966. [ 9 ]
Luccan lira until 1800 and 1826–1847; merged into the Italian lira; Maltese lira 1825–2007; merged into the euro, 2008; Neapolitan lira 1812–1813; merged into the Italian lira; Ottoman lira 1844–1923; became the Turkish lira; Papal lira 1866–1870; became the Vatican lira at par with the Italian lira