YTL - 100 New Turkish Lira
with Mustafa Kemal Ataturk's picture
Since the beginning of 2005 Turkey took out
six zeros of its money and has introduced new bill notes.
At 2004 you could buy a coke with 1.000.000,00 Turkish Lira,
yes one thousand turkish lira ?!?! but now it cost you just
1,00 New Turkish Lira. When Turkish people received their
salary they would feel like milioners… some people would earn
millions... and think about buying a house, it would cost
you billions or trillions… well to much zeros…
The old name of Turkish money was "Turkish Lira" (In
turkish "turk lirasi" or TL) and now it was changed to "New Turkish
Lira" YTL (In turkish "yeni turk lirasi" or YTL). Turks will use
the new money bills for a year and then the government will take
out the "new" word from the name converting back the name YTL to
TL ( new turkish lira to turkish lira).
|At 2004 people would not worry about keeping their
change if they got some coins. Now turks might buy a pocket
wallet for coins since new coins were also put into market and
they are more valuable. Turks must also get used to the term
"kurus" which means cents.
The biggest bill there was in the market at 2004 was
20.000,00 TL but now the government has introduced the 50 YTL and
100 YTL bill. The new bills have the picture of Mustafa
Kemal Ataturk ( the founder of the Turkish republic) at one
side and at its verse the pictures of : Ishak Pasa Palace near Dogubayazit,
Cappadocia, Ephesus, Pire
Reis Map, Ataturk mausoleum and Ataturk Dam at Sanliurfa. Coins
are simple with a picture of Mustafa Kemal
Ataturk and the moon and star (from the Turkish flag).
YTL - 100 New Turkish Lira
| Central Bank has also started working
on a revolutionary quality innovation after the transition to
the New Turkish Lira. There are plans that Turkish people will
meet "plastic (polymer) bills" instead of paper bills
or in some paper bills after the year 2006. Plastic bank notes
that can be washed with water will also erase the custom of
attaching money with pins to
the collars of bride and groom which is a cultural costume in
Turkey. Because, although the wear out duration of the plastic
bank notes are longer than the paper bills, they become useless
if punched with pins.
The short wear out duration of the Turkish Lira has
effected the putting on the agenda of the plastic bank notes. As
the small amount paper bills wear out in six month and the large
amount paper bills wear out in two years, it has been found out
that the wear out duration of the plastic bank notes are four times
longer than those of the paper ones. It has been reported that the
possibility of staying restricted to the small amount bills is higher
by the operation of transition to the plastic bank notes.
|Australia, the leader of the world
plastic banknote technology has produced the first plastic bank
note in 1988. In 1966 money in circulation has been transformed
to plastic. Mexico has joined the countries that use plastic
money in the world in 2002. Cost of plastic money is 50 percent
higher but is 4 - 5 times durable. Australia, China, New Zealand,
Indonesia, Singapur, Malesia and Thailand are among the countries
that use plastic money in the world. Paper bank notes are worn
away quickly once getting wet and it is easy to print the counterfeit.
Plastic money can be washed. Australian money is made from non-permeable
polymer. Specially developed coating is used on the money.
YTL - 50 New Turkish Lira
Date: April 14th, 2005