Catalog
1 New Lira
| Issuer | Türkiye Cumhuriyet Merkez Bankası (Central Bank of the Republic of Turkey) |
|---|---|
| Year | 2005 |
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| Composition | Log in to see details |
| Size | 156 × 76 mm |
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|---|---|
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| Reverse lettering | TÜRKİYE CUMHURİYET MERKEZ BANKASI BİR YENİ TÜRK LİRASI ATATÜRK BARAJI · ŞANLIURFA - ADIYAMAN (Translation: Central Bank of the Turkish Republic, One New Turkish Lira, Atatürk Dam · Şanlıurfa - Adıyaman) |
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| Protection type | Watermark, Security thread |
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| Comments |
The 1 New Lira (Yeni Türk Lirası) was the lowest denomination of the redenomination series introduced on 1 January 2005, when Turkey dropped six zeros from its currency — a correction made necessary by decades of inflation that had reduced the old lira to one of the least-valued currencies on earth by face unit. At its worst, the pre-reform lira had traded at roughly 1.65 million to the US dollar.
The "New" designation was temporary by design. Parliament had already legislated its removal; by 2009 the prefix was dropped and the currency reverted to simply "Türk Lirası."