5 000 000 Lira

By 1997, Turkish inflation had been running at triple-digit annual rates for the better part of a decade, forcing denominations that would have been unthinkable a generation earlier. The 5,000,000 Lira note is a direct product of that spiral — in 1970, a single U.S. dollar bought roughly 9 Lira; by the time this note was printed, the rate had collapsed past 100,000 Lira to the dollar.

Turkey's central bank eventually addressed the accumulated zeros through a redenomination in 2005, when one New Turkish Lira replaced one million old Lira, effectively erasing six zeros from the currency overnight.