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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

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Worth of old Turkish lira revaluated into 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


Can you get old Turkish Lira exchanged to Pound?

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.


What year did old Turkish lira change to new lira?

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.


How much Turkish lira would 50 pence be?

To convert 50 pence to Turkish lira, you first need the current exchange rate between the British pound and the Turkish lira. As of my last knowledge update, 1 British pound is roughly equivalent to around 25 Turkish lira, but this rate fluctuates. Therefore, 50 pence, which is 0.5 pounds, would be approximately 12.5 Turkish lira, depending on the current exchange rates. For the most accurate conversion, please check a reliable financial news source or currency converter.


How much is 20 million old Turkish lira TRL single banknote in us dollars?

As of January 8,2009, the old 20 million Turkish lira is 12.86 USD 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.

Related Questions

What money do they use in Turkey?

The Turkish Lira is used in Istanbul and in Turkey.


Where to get Turkish lira in Singapore?

i want to buy turkish lira


When was the currency in Turkey changed from Turkish Lira to New Turkish Lira?

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.


When was Revaluation of the Turkish Lira created?

Revaluation of the Turkish Lira was created in 2005.


When was th Turkish lira used?

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


Is the Turkish Lira the same as the old Italian Lira?

No, the Turkish Lira and the old Italian Lira are different currencies. The Turkish Lira is the current currency of Turkey, while the Italian Lira was the previous currency of Italy before it switched to the Euro in 2002.


How much is Turkish lira worth?

1 Turkish lira = 0.667111 U.S. dollars


Where can you change old Turkish Lira to UK Pounds?

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


How much is old 15000000 Turkish Lira worth to new Turkish Lira?

about 2 camels


Why did the Turkish currency change?

The Old Turkish Lira was inflating at an astronomical rate such that it would take 1.7 million Old Turkish Lira for $1.00 USD. As a result, Turkey revalued the Lira at 1M Old Lira to 1 New Lira.


Worth of old Turkish lira revaluated into 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


What is the currency of Turkey?

The currency used in Ankara is the same as the currency used all around Turkey. It is called the "Turkish Lira". Because the currency recently experienced a revaluation and it is now called the "New Turkish Lira".The currency in Turkey is the Turkish lira.