Turk lirasi

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The lira, along with the related currencies of Europe and the Middle East, has its roots in the ancient Roman unit of weight known as the libra which referred to the Troy pound of silver. The Roman libra adoption of the currency spread it throughout Europe and the Near East, where it continued to be used into medieval times. The Turkish lira, the French livre until , the Italian lira until , Lebanese pound and the pound unit of account in sterling a translation of the Latin libra ; the word "pound" as a unit of weight is still abbreviated as "lb. The Ottoman lira remained in circulation until the end of This change was done according to the 12 January issue of the official gazette. After periods of the lira pegged to sterling and the franc , a peg of TL 2. From , a series of hard, then soft pegs to the dollar operated as the value of the Turkish lira began to fall.

Turk lirasi

It is also used as the means of payment in Northern Cyprus - a part of an island that belongs to Turkey. It is not a stable currency, and its exchange rate is very dependent on the general financial tendencies in the world. At first, it used to be golden but internal political and economic problems of the decaying Empire devalued the new currency very fast. By the time the Ottoman Empire dissolved in , the lira had almost lost its provision. But it continued its circulation along with the new money. In the s, there were several attempts to peg the exchange rate of the Turkish lira to more stable currencies like the British pound , and later - to the French franc. However, both attempts were unsuccessful because of their devaluation. In , the lira was pegged to the US dollar , and the peg remained till However, in the same year, its exchange rate in relation to USD had a record drop from 2. The reason was that in Turkey joined the IMF, and thus the new obligations were imposed on the country. To fulfill them, the Turkish lira exchange rate had to be artificially strengthened. As a result, a devastating devaluation took place. TRY is the world record holder in devaluation. Thus, the exchange rate to the USD dropped to 1,68,,

Value, Crescent-staryear of minting.

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Turk lirasi

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BBC News. Kazakhstani tenge Kyrgyz som Tajikistani somoni Turkmenistani manat Uzbekistani sum. Turkish Money Turkish Turk Lirasi. Borsa Istanbul Review. The Guinness Book of Records ranked the Turkish lira as the world's least valuable currency in and , and again from to These are the average exchange rates of these two currencies for the last 30 and 90 days. Articles related to Turkish lira. Main article: Revaluation of the Turkish lira. Money and Financial Concepts. Minimal home decor composition. Main article: Ottoman lira. Create a chart for any currency pair in the world to see their currency history. The lira is crashing". Musical instrument lyre on a white background.

The lira, along with the related currencies of Europe and the Middle East, has its roots in the ancient Roman unit of weight known as the libra which referred to the Troy pound of silver. The Roman libra adoption of the currency spread it throughout Europe and the Near East, where it continued to be used into medieval times.

Symbol of music, muse and inspiration. Turkey Business, Payment and Finance element. From 1 January , the prefix "new" was removed from the second Turkish lira, its official name in Turkey becoming "Turkish lira" again; [9] new coins without the word " yeni " were introduced in denominations of 1kr. These percentages show how much the exchange rate has fluctuated over the last 30 and day periods. Turkish coins in roll on reflective ground. Image contains copy space. Main article: — Turkish currency and debt crisis. Retrieved 31 January Constitutional Economic Empire Foreign relations — Military. This is for informational purposes only. Turkey - February 27, Hand of woman counting 50 and Turkish liras. Vector icon illustration in flat or cartoon style.