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1 000 000 Lira
| Issuer | Türkiye Cumhuriyet Merkez Bankası (Central Bank of the Republic of Turkey) |
|---|---|
| Year | 1995-1996 |
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| Value | Log in to see details |
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| Composition | Log in to see details |
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| Reference(s) | P#209 |
| Obverse description | Log in to see details |
|---|---|
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| Reverse description | The central field carries an aerial intaglio view of the Atatürk Barajı (Atatürk Dam) on the Euphrates River, rendered in deep blue-green tones with the reservoir and dam structure spanning the full width of the vignette. Geometric lattice ornaments and the bank logo occupy the upper left, while a decorative wheat-ear motif with microtext band runs along the right margin. The denomination is restated in large numerals at both lower corners, with 'BİR MİLYON TÜRK LİRASI' in bold letterpress below the central vignette and the inscription 'ATATÜRK BARAJI – ŞANLIURFA' at lower right. |
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| Protection type | Watermark, Security thread |
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| Comments |
Turkey's inflation problem by the mid-1990s had become structurally embedded — annual rates were running above 70 to 80 percent through much of the decade, and the lira was losing ground continuously against hard currencies. The one-million denomination, unthinkable a generation earlier, was by 1995 roughly equivalent to a few US dollars at the official rate.
The Banknot Matbaası in Ankara had been printing Turkish notes since 1955, giving the central bank full domestic control over production — a practical advantage when high inflation demands rapid, large-volume reissues. This series was superseded when Turkey redenominated in 2005, removing six zeroes to create the New Turkish Lira at 1:1,000,000.