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500 000 Lira
| Issuer | Türkiye Cumhuriyet Merkez Bankası (Central Bank of the Republic of Turkey) |
|---|---|
| Year | 1993-1994 |
| Type | Log in to see details |
| Value | 500 000 Lira (500 000 TRL) |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Obverse description | Intaglio portrait of Mustafa Kemal Atatürk at right center, rendered in purple and violet tones against a multicolored guilloche underprint with diagonal stripe patterning. The denomination numeral 500000 appears in large letterpress figures at upper left and lower left, with the bank title and value inscribed in the central vignette panel. The Central Bank seal appears at lower right, flanked by two signature lines for the Başkan and Başkan Yardımcısı. |
|---|---|
| Obverse lettering | Log in to see details |
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| Protection type | Watermark, Security thread |
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| Comments |
By the time this note entered circulation, Turkey's inflation rate had already crested 70% annually and was accelerating. The 500,000 Lira denomination would have seemed extraordinary a decade earlier — in the early 1980s, the largest note in circulation was 5,000 Lira. The Central Bank's own printing facility in Ankara was effectively racing to keep denomination sizes ahead of purchasing power erosion, a race it would not win until the 2005 redenomination stripped six zeros from the currency.
Printed entirely in-house — the Banknot Matbaası had been fully operational since 1955 — this series required no foreign contractor involvement, which was a point of institutional pride even as the currency it produced depreciated rapidly.