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| | The New Turkish Lira Home - NewLira.com |
 | | To help with changing between the new and old liras, following is a conversion table: | | | Removing the zeros will help wipe away the past and hopefully, start a new era of economic confidence in Turkey. | | | The hyperinflation has gone and inflation is currently below 10%. |
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http://newlira.com
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| | Yeni Turk Lirasi: the New Turkish Lira |
| | YTL coins are in denominations of YKr1, 5, 10, 25 and 50 (New Kurus) and YTL1. | | | Until 2005, you had to deal with all those zeros. | | | In other words, they will be worthless except for their curiosity or collectors' value. |
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http://www.turkeytravelplanner.com/TravelDetails/Money/yeni_lira.html
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| | Eski Istanbul Resimleri - Nostalgia Pictures Eski Fotoğrafları |
| | Due to the repeated issue of new larger value denominations owing to high inflation, it could not be possible to issue different denominations in different sizes up to today. | | | The banknotes with more than 50% surface deficiency are not exchanged. | | | Banknotes with 50% surface deficiency are exchanged with new ones at half face value. |
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http://www.34tr.com/index.php?template=ytlfaq
(2715 words)
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| | New Turkish Lira |
| | Now turks might buy a pocket wallet for coins since new coins were also put into market and they are more valuable. | | | Cost of plastic money is 50 percent higher but is 4 - 5 times durable. | | | 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. |
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http://www.business-with-turkey.com/tourist-guide/new_turkish_lira.shtml
(601 words)
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| | Aljazeera.Net - Turkey to introduce new currency |
| | Chronic inflation and financial crises over the decades hyperinflated the Turkish lira to the point that the smallest coin today is worth 25,000 lira ($0.01), while the biggest banknote is 20 million lira (about $13). | | | Turkey has been battling to rebuild its economy since 2001, when a banking crisis caused havoc in the economy, sent financial markets into turmoil and slashed half of the lira's value against the dollar. | | | Turkey will launch a nationwide campaign soon to introduce the New Turkish Lira, which will go into circulation on 1 January. |
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http://english.aljazeera.net/NR/exeres/CC39AE2A-D2D4-44C9-B378-01CB446BEAA6.htm
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| | New Turkish Lira - Value and Conversion |
| | After suffering from long years of high inflation rates approaching 100% in some years, Turkish economy is now in a better shape and inflation has fallen to single digit numbers. | | | The smaller unit of Lira, called Kuru&; (koo-roosh), was not being used for the last several years but Kuru&; will be back with this new arrangement. | | | In these years of high inflation, the value of the monetary unit, Turkish Lira fell sharply and it finally became the least valuable monetary unit in the world. |
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http://www.turkishclass.com/turkey_article_4_1
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| | Turkey launches new currency - International Business - MSNBC.com |
| | The move comes as the government has made important progress in reducing inflation, which ran in the double digits for decades. | | | Bank machines were also distributing the new currency, but few on the street appeared to have made the switch. | | | Turkish governments must avoid the type of excessive spending that was partly responsible for the inflation. |
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http://msnbc.msn.com/id/6776071
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| | International Travel News: New Turkish lira |
| | Until Dec. 31, 2005, the Turkish lira banknotes and coins that are currently used will be circulating along with the YTL banknotes and YKr coins. | | | In the past, the Central Bank had issued a new banknote almost every other year since 1981 in order to meet the increased need for larger issues. | | | On Jan. 1, 2005, the Republic of Turkey replaced its Turkish lira (TL) with the yeni Turk lirasi (YTL), which in numeric terms dropped six zeros from the former currency. |
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http://www.findarticles.com/p/articles/mi_m3648/is_12_29/ai_n9539603
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| | BBC NEWS Business Turkey knocks six zeros off lira |
| | Boots set to cut up to 2,250 jobs | | | From that point, the one-million lira note will become the new one-lira coin. | | | The change will see the end of such dizzyingly-high denominations as five million lira - enough for a short taxi ride - and the 20m note, worth $15. |
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http://news.bbc.co.uk/1/hi/business/4137469.stm
(488 words)
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| | Microsoft Office Kundestøtte: Support for the new Turkish lira in Microsoft Office |
| | Among the different products that ship with Microsoft Office 2000, two products contain some currency references. | | | There are some issues around displaying the new YTL currency in both PivotTable items and PivotChart items. | | | If you install the tool and then change your user locale to a different locale other than Turkish, you will need to reinstall the tool. |
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http://office.microsoft.com/nb-no/assistance/HA011597031033.aspx
(2451 words)
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| | Turkish Currency, The Picture of Coins, Changes and Banknotes - Turkish Travel |
| | Sometimes you may face with difficulty to change this banknote for your small shoppings, so avoid carrying this note all time for simple shopping purposes. | | | Furthermore there are 2 new notes 50 YTL and the most valuable one 100 YTL has also been announced. | | | As a simple example 1 million Turkish Liras (TRL) will be 1 New Turkish Lira (YTL) in 2005 and so. |
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http://www.turkishtravel.com/currency.htm
(583 words)
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| | New Turkish lira - the free encyclopedia |
| | A similar case to the Turkish is the Peruvian nuevo sol ("new sun"), that replaced in 1991 one million inti ("sun" in Quechua); the inti itself had replaced the sol de oro("golden sun") in 1985 at a rate of 1000 to 1. | | | Argentina has had many different versions of its peso since the early 1970s. | | | Currencies have also been revaluedwhen pegged to a new standard or currency basket; for example, India revalued the rupee from asystem pegged to the pound sterling to a gold standard in 1966. |
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http://www.world-knowledge-encyclopedia.com/?t=YTL
(469 words)
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| | New Turkish Lira law - All About Turkey |
| | Payments should be recorded with two digits after comma at the most. | | | The prices of goods and services can be less than one New Kurus and such values can also be expressed with fractions of one New Kurus. | | | Consequently, Turkish Lira has ended up in large denominations unprecedented in the world, creating several problems for expressing and writing the figures. |
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http://www.allaboutturkey.com/ytllaw.htm
(1271 words)
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| | New Turkish Lira |
| | Document about Capital Markets and New Turkish Lira Conversion. | | | Prensentation about Capital Markets and New Turkish Lira Conversion. | | | "Capital Markets and New Turkish Lira Conversion" Presentation. |
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http://www.ytl.gen.tr/ytl/index_eng.php
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| | Guardian Unlimited Special reports New money for Turkey ends 'wad of cash' culture |
| | The Turkish gross national product is estimated at around 424 quadrillion lira, or 424,000,000,000,000,000. | | | In recent months, state mints have worked overtime to produce 1.2bn new coins. | | | The YTL will also include kurus, which disappeared from circulation in the 80s. |
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http://www.guardian.co.uk/turkey/story/0,12700,1381759,00.html
(503 words)
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| | GarantiBank >> Conversion to the New Turkish Lira |
| | 2 decimal digits representing New Kurus will exist | | | GarantiBank >> Conversion to the New Turkish Lira | | | The re-denomination of Turkish Lira by dropping six digits, which will be effective as of 1st of January 2005, indicates the beginning of a new era for the financial markets just like for the rest of Turkish Economy. |
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http://www.garantibank.com/custody_clearing/ytl.html
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| | Boston.com / News / World / Middle East / Turkey no longer nation of millionaires |
| | Right now, bigger purchases can be measured in the billions and the Turkish gross national product is a mind-bending 424 quadrillion lira or 424,000,000,000,000,000. | | | The zeros are the result of decades of double-digit inflation that has taken the currency from 2.8 to the dollar throughout the 1950s to 1,350,000 per dollar today. | | | Introducing a new currency has been a Turkish goal for years, but the government only moved forward this year, the first time in three decades in which inflation fell into single digits. |
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http://www.boston.com/news/world/middleeast/articles/2004/12/30/turkey_no_longer_nation_of_millionaires?mode=PF
(662 words)
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| | base_template0815b.htm |
| | The coinage is in 1, 5, 10, 25 and 50 New Kurus and 1 new lira pieces. | | | The current national monetary unit is the New Turkish lira (YTL). | | | The new center is located at 821 United Nations Plaza, across from The United Nations. |
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http://www.flyturkish.com/history.htm
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| | New Turkish Lira - All About Turkey |
| | The composition of denominations for YTL banknotes are; 1,5,10,20,50,100, and denominations for coins are 1,5,10,25,50 New Cent and 1 YTL. | | | The New Turkish Lira is also symbol and evidence of Turkey's determination to drive down inflation. | | | Many countries that dropped zeros from their currency units opted for adding the adjective "new" before the name of their currency units in order to facilitate the transition and omitted the word "new" after a while. |
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http://www.allaboutturkey.com/ytl.htm
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| | New Turkish Lira |
| | In line with the new arrangements, odd-lot transactions will no longer be realized on the ISE Stock Market. | | | Due to the fact that smallest unit (the 100th part of one New lira) will be “New Turkish kurus (Yeni kurus - Ykr)” and price ticks to be expressed in kurus will be needed, the prices will be published with additional two digits for kurus. | | | The market price currently announced for a stock with nominal value of TL 1,000 will be announced for a stock with nominal value of YTL 1. |
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http://www.ise.org/ntl.htm
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| | [No title] |
| | Currency Changes: Following the announcement from the WM Company, dated October 4th, 2004: As of January 1, 2005, the Turkish Lira will be re-denominated by a factor of 1,000,000 (i.e. | | | For those Turkish companies reporting their dividends in Kurus, we will divide those dividends reported in Kurus by 100, i.e. | | | Please note that legally there is no change in the number of outstanding shares for Turkish companies as a result of the re-denomination of January 1, 2005. |
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http://www.globalindices.standardandpoors.com/data/press/turkish_lira.doc
(513 words)
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| | Microsoft Turkish Lira Currency Symbol Converter Tool |
| | Note that the tool will run successfully if any of the above system accounts are set to the Turkish locale even if the current user locale is set to any other but the Turkish locale. | | | The tool will always update the current user if the locale is set to Turkish. | | | The tool will also attempt to update the system accounts (system, local and network service) if they are set to the Turkish locale. |
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http://www.microsoft.com/globaldev/tools/lirasymcon.mspx
(600 words)
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| | New Turkish Lira |
| | TL banknotes and coins were withdrawn from circulation at the end of 2005. | | | To facilitate the recognition of banknotes and to prevent confusion in the transition to YTL, denominations with the same purchasing power was issued in similar colours and designs for both TL and YTL. | | | The Turkish Lira (TL) banknotes and coins were in circulation between 1st January 2005 and 31st December 2005, along with the New Turkish Lira (YTL) banknotes as well as the new coins. |
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http://www.turkisheconomy.org.uk/ytl.html
(236 words)
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| | Citibank Turkey |
| | During conversion, New Kuruş will be used for fractional parts; values less thant half a New Kuruş will be disregarded, and values equal to and greater than half a New Kuruş will be roundedup to 1 New Kuruş. | | | Turkish Lira banknotes and coins, which are not used until 1 January 2006, can be converted into new banknotes solely by the Central Bank for a period of 10 years. | | | While converting Turkish Lira values into New Turkish Lira; conversion rate of |
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http://www.citibank.com.tr/homepage/other/ytl/eng/cobf.htm
(599 words)
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| | [No title] |
| | But despite the expected high-speed changeover, shopkeepers are being asked to display prices in both the old and new way until the end of the year. | | | And making its first reappearance in two decades is the kurus, the Turkish equivalent of a cent, of which there are 100 to the lira. | | | Most shoppers appeared pleased with the new lira, saying it made life easier after years of struggling with the awkward millions. |
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http://www.cyprus-mail.com/news/main.php?id=17651&cat_id=1
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| | Just my 2¢ |
| | So, the idea we came up with was to open up the interface with which the developers can plug in their own locale data and related services. | | | To resolve such a difficulty, there is an interesting project going on, which is called "Common Locale Data Repository (CLDR)" at the Unicode Consortium and standardizes the commonly used locale data. | | | It turned out to be a couple of thousands :(However, soon I figured out that that was not because of my vacation, but the new virus (a variant of MyDoom) which spread out this morning. |
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http://blogs.sun.com/roller/page/naotoj/Weblog
(1824 words)
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| | Turkish Lira - New Turkish Lira ??? - Holiday Chat, Holiday Discussion, Photos, Reports, Reviews |
| | You will see simits for sale at 25 Kr which is the same as 250,000 Lira | | | There are now 100 Kurus to the Lira and so a 250,000 lira note or coin is the same as a 25 Kr coin. | | | No longer are we millionairs when we go to Turkey (they just removed the 000000) They have issued new notes and coins but the old notes are still accepted. |
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http://www.holidaytruths.co.uk/viewtopic.php?t=29659
(512 words)
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| | CIA - The World Factbook -- Turkey |
| | Turkish liras per US dollar - 1.36 (2005), 1,425,500 (2004), 1,500,900 (2003), 1,507,200 (2002), 1,225,600 (2001) | | | Turkish Armed Forces (TSK): Land Forces, Naval Forces (includes Naval Air and Naval Infantry), Air Force | | | Since then, Turkish political parties have multiplied, but democracy has been fractured by periods of instability and intermittent military coups (1960, 1971, 1980), which in each case eventually resulted in a return of political power to civilians. |
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http://www.cia.gov/cia/publications/factbook/geos/tu.html
(1497 words)
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| | MSN Encarta - Search Results - Turkish Lira |
| | The monetary unit of Turkey is the New Turkish lira of 100 kuruş (1.35 lire equalled US$1; early 2005), which replaced the Turkish lira from January... | | | As at early 2005, 1.35 New Turkish lire equalled US$1. | | | The New Turkish lira consists of 100 New kurus. |
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http://uk.encarta.msn.com/Turkish_Lira.html
(116 words)
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| | YTL - The New Turkish Lira |
| | Cash demand was met by creating new banknotes in larger and larger denominations almost every second year since 1981. | | | As part of the transition to single figure inflation, the year 2005 is believed to be the best time for managing this change. | | | This is to be done at the beginning of a new fiscal year to avoid a dual–record system and the extra burden of preparing interim financial statements. |
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http://www.sunsearch.info/popup/print_article.php?language_id=1&article_id=63
(414 words)
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| | New Turkish Lira - Deloitte Touche Tohmatsu |
| | It seems that inflation is under control as a result of economic policies provided successful results in fighting with inflation in recent years. | | | Turkish people very well understand the economic principle that in the circulation of money “bad money drives out good”, Gresham’s Law in economics was first explained by Sir Thomas Gresham in 1558, because of the persistent inflationary period experienced for about 25 years. | | | Due to low inflation rates as a result of the high determination to bring down the inflation and positive accession talks process with European Union led to introduce new national currency that will be credible for economic activities in Turkish economy. |
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http://www.deloitte.com/dtt/press_release/0,1014,sid=6380&cid=64835,00.html
(318 words)
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| | The British Chamber of Commerce of Turkey |
| | The New Turkish Lira will wipe out six zeroes from the current multi-zero currency, which has been the source of national shame for many Turks as a symbol of economic failure. | | | The sources said the meeting would be held on Oct. 25, and officials and the public would be briefed on new banknotes of 1, 5,10, 20, 50 and 100 YTL, 1, 5, 10, 25 and 50 kurus, and the coin of 1 YTL. | | | Both currencies will be circulated during a transitional period until Dec. 31, 2005, during which labels will list prices in each. |
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http://www.bcct.org.tr/en/content.asp?CID={8C018028-DC49-4DEB-87E4-4411D487A45A}&pCID=&CCID={8C018028-DC49-4DEB-87E4-4411D487A45A}
(157 words)
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| | Deloitte Global Home Page - Deloitte Touche Tohmatsu |
| | To be a responsible corporate citizen in today’s changing world requires a new way of thinking. | | | This new paradigm has businesses constantly rethinking the nature of their relationship with society. | | | It is an ever-evolving journey where each decision made has an impact — not only for today, but for future generations. |
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http://www.deloitte.com/dtt/press_release/0,1014,sid=6380&cid=64835,00.html
(303 words)
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| | Turkey currency regulation new turkish lira turkey travel tips Marmaris land |
| | Exchange slips: The exchange slips for the conversion of foreign currency into Turkish lira should be kept, since you may be required to show these when reconverting your Turkish lira back into foreign currency, and when taking souvenirs out of the country (to prove that they have been purchased with legally exchanged foreign currency). | | | There is no limit on the amount of foreign currency that may be brought into Turkey, but not more than 5,000$ worth of Turkish currency may be brought into or taken out of the country. | | | After December 31, 2016, the old TL notes (paper money) and coins will no longer be legal. |
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http://www.marmarisland.com/Formalities/Turkey-currency-regulation.htm
(215 words)
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| | Herguner Bilgen Ozeke - Turkey - The New Turkish Lira (03/11/2004) from Mondaq |
| | From 1981 new banknotes in larger denominations started to be circulated due to this high inflation to meet the cash demand in the economy. | | | Do you have a question for the author? | | | We'll also remember your details so you don't have to login again - if you've registered before please login here or if you've forgotten your username click here and we'll remind you. |
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http://www.mondaq.com/i_article.asp?articleid=29353&print=1
(252 words)
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| | ALTAY GROUP www.altay.com.tr |
| | The bill also includes setting the name of the new official currency of the Turkish Republic as the 'New Turkish Lira'. | | | According to the provisional articles of the bill, TL notes and coins currently in use will be jointly used with the New Turkish Lira bills and coins between Jan. 1, 2005 and Dec. 31, 2005. | | | The bill also makes all products and services to have two separate price tags for TL and the new currency between Jan. 1 and Dec. 31, 2005. |
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http://www.altay.com.tr/newsdetail.asp?k=1035
(279 words)
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| | ::: Eresin Crown Hotel ::: Location / Currency |
| | New Turkish Lira is in both coins and banknotes. | | | Shortly YTL in Turkish -TRY on international market-. | | | You may find actual exchange rates of Turkish Lira at www.xe.com/ucc/ |
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http://www.eresincrown.com.tr/location/currency.html
(245 words)
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| | Kurus - TheBestLinks.com - Ottoman Empire, Lira, Turkey, New Turkish Lira, ... |
| | Originally a large silver coin, in the mid 1800s its value had depreciated to the point where it circulated as both a large copper coin (as 40 Para) and a very small silver one as well. | | | The Kurus eventually became obsolete due to chronic inflation in Turkey in the late 1900s. | | | You can add this article to your own "watchlist" and receive e-mail notification about all changes in this page. |
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http://www.thebestlinks.com/Kurus.html
(174 words)
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| | Turkish Digest: REPORTER.GR-New Turkish Lira Gains Value Against 65 Currencies |
| | The purpose of Turkish Digest is to provide the public at large, and other interested parties, a balanced view about Turkish events and news related to Turkey. | | | Please note that although we always try to ensure that any external URLs are relevant, third-party sites are able to remove or change their pages as they see fit. | | | The currencies that are more valuable than YTL are: the American, Canadian and Bahaman dollars, Bahrain, Kuwait, Jordan and Libyan dinars, British pound, euro, Swiss franc, Japanese yen, Cypriot lira, Latvia lat, Panaman balboa and Omani riyal." |
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http://www.turkishdigest.com/2006/01/reportergr-new-turkish-lira-gains.html
(185 words)
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| | Citibank Turkey |
| | In this regard, conversion rate will be such that one million Turkish Lira (1.000.000 TL) will be equivalent to one New Turkish Lira (1 NTL). | | | We present you below the details about the New Turkish Lira. | | | On 1 January 2005, according to the second article of the law, Turkish Lira (TL) values will be converted into the New Turkish Lira. |
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http://www.citibank.com.tr/homepage/other/ytl/eng
(238 words)
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| | Bug ID: 5101540 New Turkish currency |
| | Turkey is going to introduce a new currency, the New Turkish Lira, on January 1, 2005. | | | As the author of the bug mentioned this fix should be applied to more ore less all jdks that are still in use (I'm working for a bank - we have to work with the new turkish Lira since 1/1/2005). | | | Alltogether the problem is that at any point in time we may have to face a new currency that's coming up and java.util.Currency has to be implemented in a way that customers can add new currency themselves. |
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http://bugs.sun.com/bugdatabase/view_bug.do?bug_id=5101540
(347 words)
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| | Noonsite: Turkey |
| | All businesses are obliged in 2005 to display prices in both currencies simultaneously. | | | Both the old Turkish Lira (TL) and the New Turkish Lira will be in circulation together until the end of 2005. | | | Turkish government lifts most restrictions on foreign yachts (07 Nov 2001) |
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http://www.noonsite.com/Countries/Turkey?rc=GeneralInfo
(356 words)
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| | KUVEYT OTAMATİK ÖDEME SİSTEMİ (KUWAİT’S AUTOMATED SETTLEMENT SYSTEM FOR INTER-PARTICIPANT ... |
| | Falloving few years “New” will be dropped from the name of currency and YTL will be called “TL” again. | | | After this date CB will convert them to new bank notes for a period of 10 years. | | | Six zeros to be deleted from TL on 1 January 2005 and conversion will be 1 YTL= 1,000,000 TL, six zeros are dropped from TL. |
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http://www.turkish-embassy.org.kw/economic/Announcement.htm
(210 words)
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| | Go to Turkey! |
| | will convert them to new banknotes for a period of 10 years. | | | Eventually, “New” will be dropped from the name of the currency and YTL will be called TL again. | | | Restaurants, banks, hospitals, estates agencies take a look here for all those essential contact details you might need on your travels to Turkey. |
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http://www.gototurkey.co.uk/index.php?menu_id=325&submen=325
(185 words)
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| | New Turkish lira - OneLook Dictionary Search |
| | Tip: Click on the first link on a line below to go directly to a page where "New Turkish lira" is defined. | | | We found one dictionary with English definitions that includes the word New Turkish lira: |
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http://www.onelook.com/?w=New+Turkish+lira&ls=a
(77 words)
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| | Antique Hostel Hostel in Istanbul, Turkey |
| | We have a wonderful, relaxing atmosphere where you can meet people from all over the world, make new friends, and share a traveller's tale or two. | | | No matter what your mood may be, whether you’re after a quiet chat with friends on the rooftop terrace overlooking Old Istanbul or you want to party the night away, we are the place to stay. | | | Antique Hostel-Guest house is located in the heart of Old Istanbul-Sultanahmet. |
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http://www.hostels.com/en/availability.php/HostelNumber.9113
(397 words)
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| | All Banks Ready To Welcome The New Turkish Lira |
| | World Bank Lends 143.7 Mln Euros To Turkish Railways | | | According to central bank sources, the Monitoring Center will be connected to all banks in Turkey via online system and will assist any bank that may experience difficulty. | | | The banks will be able to reach the center through telephone or e-mail. |
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http://archive.turkishpress.com/news.asp?id=35425
(328 words)
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| | Turkish Language Class: Learn Turkish language online |
| | To Fall in Love with Istanbul by terra | | | Sign up now for free and use Turkish Class web site to its full potential. | | | We have a number of great new essays uploaded on your essays page. |
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http://www.turkishclass.com
(295 words)
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| | Hostel Indian Blues Albergue en New Delhi, India |
| | As a result it is easy for you to find whatever transport you need to take you around the city. | | | We are the most luxurious, comfortable and cheapest hostel providers for travellers in South Delhi/New Delhi with beds at a very reasonable rate. | | | It is centrally located in posh South Delhi, which happens to be next to GK, NFC, Defence colony, Hauz khas village etc, where all major posh shopping centres, Delhi lifestyle mirages, pubs and discotheques are located (prime area of New Delhi). |
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http://www.hostels.com/es/hosteldetails.php/HostelNumber.10104
(407 words)
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| | New Turkish Lira Exchange Rates |
| | Use this currency exchange converter to find out the current foreign exchange rate for the Turkish Lira before you reach Istanbul. | | | What's your money worth in New Turkish Liras (YTL, TRY)? |
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http://www.turkeytravelplanner.com/TravelDetails/Money/ExchangeRates.html
(31 words)
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