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500 Lira

Issuer Türkiye Cumhuriyet Merkez Bankası (Central Bank of the Republic of Turkey)
Year 1983-1984
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Value 500 Lira (500 TRL)
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Reverse lettering TÜRKİYE CÜMHURİYET MERKEZ BANKASI
BEŞYÜZ TÜRK LİRASI
İZMİR SAAT KULESİ
(Translation: Central Bank of the Republic of Turkey, Five Hundred Turkish Lira, İzmir Clock Tower)
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Protection type Watermark
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By the early 1980s, Turkey was operating under military-installed government following the September 1980 coup, and chronic inflation was already eroding the lira at a pace that would eventually require a six-zero redenomination in 2005. The 500 Lira denomination, meaningful at issue, was losing purchasing power faster than the notes could wear out in circulation.

Printed in-house at the Merkez Bankası's own Ankara facility, which has produced Turkish banknotes since the mid-1950s. The watermark remains the sole mechanical security feature on this type — modest protection even by the standards of the period.

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