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The design, created by Tülay Lale, was endorsed after a country-wide competition. It was chosen as the winner from a shortlist of seven submissions to the board of the Central Bank, selected from a total of 8,362 entries. The symbol resembles the first letter of the Turkish monetary unit, L, in the form of a half anchor with double stroke.
As the silver coins were debased, other denominations appeared: 30 para, 1 + 1 ⁄ 2, 3, 5 and 6 kuruş. The final coinage issued before the currency reform consisted of billon 1, 10 and 20 para, and silver 1 + 1 ⁄ 2, 3 and 6 kuruş. In 1844, the Turkish gold lira was introduced as the new standard denomination.
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.
From 1 January 2009, the "new" was removed from the second Turkish lira, its official name in Turkey becoming just "Turkish lira" again; new coins without the word "yeni" were introduced in denominations of 1kr., 5kr., 10kr., 25kr., 50kr. and TL 1. Also, the inner and outer alloys of the 50kr. and TL 1 coins were reversed.
The basic meaning of the word is "silver" or "silver money", deriving from the Turkish word ak (' white ') and the diminutive suffix -ça. [2] Three akçe s were equal to one para. One-hundred and twenty akçe s equalled one kuruş. Later after 1687 the kuruş became the main unit of account, replacing the akçe.
Turkish pestil with walnuts. Since its introduction, the Turkish lira sign has been widely adopted and incorporated into various aspects of daily life in Turkey. It is commonly used in written and printed materials, such as newspapers, magazines, advertisements, and financial documents, to denote prices, monetary values, and currency denominations.
European Currency Unit and 22 national currencies which were replaced by the euro: Austrian schilling; Belgian franc; Croatian kuna; Cypriot pound; Dutch guilder; Estonian kroon; Finnish markka; French franc; German mark; Greek drachma; Irish pound; Italian lira; Latvian lats; Lithuanian litas; Luxembourgish franc; Maltese lira; Monégasque ...
Between 1844 and 1881, the lira was on a bimetallic standard, with LT 1 = 6.61519 grams pure gold (roughly 9 ⁄ 10 of a British Sovereign) = 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 LT 9 in ...