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The old Turkish lira was replaced by the new Turkish lira on January 1, 2005. This change was part of a currency revaluation effort to combat hyperinflation, where the new lira was worth 1,000,000 old lira. The transition aimed to simplify transactions and restore confidence in the currency.
If you have a single 250,000 lira bank note, that is the old lira. It was replaced with the new lira in 2005 at a rate of 1,000,000 old lira to 1 new lira.If it is the old lira you have, it is 0.25 new lira (TRY) and worth around 0.17 USD, assuming you can still find a place to exchange it for the new lira.See related link.
The symbol for the Turkish lira is "₺". In the past, the Italian lira was represented by "₤" or "L", but it is no longer in use since Italy adopted the euro in 2002. The Turkish lira was restructured in 2005, which introduced the new lira to replace the old lira at a rate of 1 new lira to 1,000,000 old lira.
The Turkish lira is still in use. There are 1,000,000 old lira in 1 New Turkish lira. 1 New Turkish lira is worth (March 2009) about US$0.75. Any remaining old lira has to be converted at either the Turkish Central Bank or T.C. Ziraat Bank branches, at the rate of 1 million old lira = 1 new lira
As of today (01APR2011), 250,000 Old Turkish Lira is worth about 0.16 Australian Dollars (AUD).When they changed from Old lira to New lira, they exchanged them at a rate of 1 million old lira per 1 new lira, so 250,000 old lira is now worth the equivalent of 1/4 new lira.
There are 1,000,000 old lira in 1 New Turkish lira, so your old lira have little money value, just curiosity value. (1 New Turkish lira is worth (March 2009) about US$0.75.) Any remaining old lira has to be converted at either the Turkish Central Bank or T.C. Ziraat Bank branches, at the rate of 1 million old lira = 1 new lira
You can only get old Turkish lira changed into new Turkish lira in Turkey. There are 1,000,000 old lira in 1 New Turkish lira, so your old lira have little money value, just curiosity value. (1 New Turkish lira is worth (March 2009) about US$0.75.) Any remaining old lira has to be converted at either the Turkish Central Bank or T.C. Ziraat Bank branches, at the rate of 1 million old lira = 1 new lira
No they can only be exchanged in Turkey for new Turkish lira. There are 1,000,000 old lira in 1 New Turkish lira, so your old lira have little money value, just curiosity value. (1 New Turkish lira is worth (March 2009) about US$0.75.) Any remaining old lira has to be converted at either the Turkish Central Bank or T.C. Ziraat Bank branches, at the rate of 1 million old lira = 1 new lira.
There are 1,000,000 old lira in 1 New Turkish lira, so your old lira have little money value, just curiosity value. (1 New Turkish lira is worth (March 2009) about US$0.75.) Any remaining old lira has to be converted at either the Turkish Central Bank or T.C. Ziraat Bank branches, at the rate of 1 million old lira = 1 new lira
The first lira depreciated in value due to some hyperinflation that Turkey experienced. So they passed a law to remove 6 zeroes from the currency to create a new lira. They now just call it the lira. There are 1,000,000 old lira in 1 New Turkish lira, so your old lira have little money value, just curiosity value. (1 New Turkish lira is worth (March 2009) about US$0.75.) Any remaining old lira has to be converted at either the Turkish Central Bank or T.C. Ziraat Bank branches, at the rate of 1 million old lira = 1 new lira There are pictures of the actual notes on Wikipedia.
On 1 January 2005 the New Turkish Lira entered the Turkish market and become legal tender. 1 million old lira is now worth 1 Turkish Lira.
1 million old lira is worth (March 2009) about US$0.75 There are 1,000,000 old lira in 1 New Turkish lira, so your old lira have little money value, just curiosity value. Any remaining old lira has to be converted at either the Turkish Central Bank or T.C. Ziraat Bank branches, at the rate of 1 million old lira = 1 new lira.