The 2009 reissue of the 50 Kuruş came after Turkey's sweeping redenomination of 2005, which replaced the catastrophically inflated Old Turkish Lira — at its worst requiring over 1.5 million lira to equal a single US dollar — with the New Turkish Lira at a ratio of 1,000,000 to one. By 2009, the "New" designation was quietly dropped, and these coins circulated simply as Turkish Lira and Kuruş, a small but deliberate signal that the country had put the inflationary decades firmly behind it.
The 2009 reissue of the 50 Kuruş came after Turkey's sweeping redenomination of 2005, which replaced the catastrophically inflated Old Turkish Lira — at its worst requiring over 1.5 million lira to equal a single US dollar — with the New Turkish Lira at a ratio of 1,000,000 to one. By 2009, the "New" designation was quietly dropped, and these coins circulated simply as Turkish Lira and Kuruş, a small but deliberate signal that the country had put the inflationary decades firmly behind it.