7 500 000 Lira Eastern imperial eagle

Turkey's high-denomination lira issues of the late 1990s and early 2000s were a direct consequence of chronic inflation that had eroded the currency so severely that by 2001 the dollar exchanged for roughly 1.4 million Turkish lira. The 7,500,000 lira face value on this coin was not hyperbole — it was arithmetic. The Turkish government would redenominate in 2005, issuing the New Turkish Lira at a rate of one million old lira to one, effectively wiping six zeros from the currency.

KM#1127 belongs to a collector-oriented series from the Darphane that leaned on Anatolian and Central Asian iconographic traditions rather than republican symbolism.