Turkey's bimetallic lira coinage has been through two complete resets since the 1990s — the 2005 redenomination wiped six zeros off the currency following one of the most catastrophic inflation spirals in modern monetary history, a period when a single loaf of bread cost over a million lira. This 2024 issue belongs to the stable successor series, though inflation pressures have returned sharply in the intervening decades.
Mehmet I reunified the Ottoman state after the Interregnum of 1402–1413, a civil war triggered by Timur's defeat of Bayezid I at the Battle of Ankara.
Turkey's bimetallic lira coinage has been through two complete resets since the 1990s — the 2005 redenomination wiped six zeros off the currency following one of the most catastrophic inflation spirals in modern monetary history, a period when a single loaf of bread cost over a million lira. This 2024 issue belongs to the stable successor series, though inflation pressures have returned sharply in the intervening decades.
Mehmet I reunified the Ottoman state after the Interregnum of 1402–1413, a civil war triggered by Timur's defeat of Bayezid I at the Battle of Ankara.