ANKARA
Friday, September 15, 2006
The word “new” on the New Turkish Lira (YTL) banknote, in circulation since Jan. 1, 2005, will be eliminated. Turkish lira (TL) banknotes will be in circulation starting Jan. 1, 2009, financial sources said on Thursday.
According to the Anatolia news agency, the TL banknotes will have different shapes and sizes to prevent forgery.
Meanwhile, financial authorities plan to issue TL 200 banknotes when the TL replaces the YTL in 2009. This project is subject to confirmation. Officials said further studies are continuing on the new TL 200 banknotes.
Turkey omitted six zeroes from the Turkish Lira on Jan. 1, 2005 to make the YTL, which went into circulation on the same date. New banknotes worth 1, 5, 10, 20, 50 and 100 YTL were issued, and the kuruş was reintroduced for denominations under YTL 1.
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