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7 500 000 Lira Flowers - Lords and Ladies
| Issuer | Turkey |
|---|---|
| Year | 2002 |
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| In circulation to | 1 January 2005 |
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| Obverse description | The oval field displays the Turkish crescent and star emblem at the top center. Below, the legend 'TÜRKİYE CUMHURİYETİ' is inscribed in two lines across the upper field. The denomination '7.500.000 LİRA' and the date '2002' appear in the center field. A decorative wreath composed of a wheat ear to the left and an olive branch to the right frames the lower portion of the design, with the mint mark of the Istanbul Mint positioned at the base between the wreath elements. |
|---|---|
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| Mintage | 2002 - Proof - 1,306 |
| Additional information |
Issued under Turkey's pre-redenomination coinage, when the lira had depreciated so catastrophically that face values in the millions were routine for collector pieces. The 2001–2005 period saw the Central Bank of Turkey producing silver commemoratives with nominal values utterly disconnected from any practical purchasing power — the 7,500,000 lira face value here was worth only a few US dollars at contemporary exchange rates.
The redenomination came in 2005, when the Yeni Türk Lirası replaced the old lira at a rate of 1,000,000 to one, effectively erasing six zeros from the currency and retiring the entire commemorative series bearing these inflated denominations.