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20 000 Lira Purple ornament

Issuer Türkiye Cumhuriyet Merkez Bankası (Central Bank of the Republic of Turkey)
Year 1995
Type Standard circulation banknote
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Reverse lettering TÜRKİYE CUMHURİYET MERKEZ BANKASI
20000
YİRMİ BİN TÜRK LİRASI
(Translation: Central Bank of the Republic of Turkey, Twenty Thousand Turkish Lira)
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Protection type Watermark
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Comments

By 1995, Turkey's chronic inflation had pushed the 20,000 Lira note into near-irrelevance for everyday transactions — a denomination that had seemed substantial at issue was, within a few years, worth less than a single U.S. cent. The Central Bank's own Banknot Matbaası facility in Ankara had been printing successive high-denomination notes faster than the public could adjust to them.

This note belongs to a series that would eventually be superseded by the redenomination of 2005, when six zeros were stripped from the currency and the Yeni Türk Lirası replaced the old Lira entirely.

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