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1-lira note dated 1875 but not issued until 1880; it contains text in Persian, Turkish, French, Greek, Armenian and Arabic Lira of Mehmed V, 1911. The pound or lira (sign: LT; Ottoman Turkish: ليرا, romanized: līrā; French: livre turque; Greek: οθωμανική λίρα, romanized: othomanikí líra; Armenian: Օսմանյան լիրա, romanized: Osmanyan lira; Arabic: ليرة ...
In 1844, a kuruş was, in turn, 1 ⁄ 100 of the newly introduced Ottoman lira. The modern Turkish lira is only divided into kuruş. In Serbia, the para has been the subunit of the dinar since the 19th century. The Montenegrin perper was subdivided into 100 pare during its brief existence between 1906 and 1918. In Albania, the para was used as ...
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. It was divided into 100 silver kuruş and the kuruş continued to circulate until the 1970s.
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.
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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.
Turkey, [a] officially the Republic of Türkiye, [b] is a country mainly located in Anatolia in West Asia, with a smaller part called East Thrace in Southeast Europe.It borders the Black Sea to the north; Georgia, Armenia, Azerbaijan, and Iran to the east; Iraq, Syria, and the Mediterranean Sea to the south; and the Aegean Sea, Greece, and Bulgaria to the west.
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.