Catalog
5 New Lira
| Issuer | Türkiye Cumhuriyet Merkez Bankası (Central Bank of the Republic of Turkey) |
|---|---|
| Year | 2005 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | New lira (2005-date) |
| Composition | Log in to see details |
| Size | Log in to see details |
| Shape | Log in to see details |
| Printer | Log in to see details |
| Designer(s) | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | TÜRKİYE CUMHURİYET MERKEZ BANKASI BEŞ YENİ TÜRK LİRASI (Translation: Central Bank of the Turkish Republic, Five New Turkish Lira) |
| Reverse description | Log in to see details |
| Reverse lettering | Log in to see details |
| Signature(s) | Log in to see details |
| Protection type | Log in to see details |
| Protection description | Kemal Atatürk portrait and electrotype numeral '5' visible when held to light; embedded security thread running vertically through the note. |
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| Comments |
The 2005 series marked a genuine rupture in Turkish monetary history. The New Lira — Yeni Türk Lirası — was introduced on 1 January 2005 after the old lira had accumulated six zeros through decades of chronic inflation, peaking at an annual rate above 70% in the early 2000s. One New Lira equaled one million old lira. The redenomination was less a technical exercise than a public acknowledgment that the old currency had become psychologically untenable.
The "New" designation was always intended as temporary — the word "Yeni" was officially dropped in 2009 when the transitional period ended.