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Revaluation of the Turkish Lira
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Revaluation of the Turkish Lira : ウィキペディア英語版
Revaluation of the Turkish Lira

The new Turkish lira ((トルコ語:yeni türk lirası)) was the currency of Turkey and the de facto independent state of the Turkish Republic of Northern Cyprus between 1 January 2005 and 1 January 2009 which was a transition period for the removal of six zeroes from the currency.〔(【引用サイトリンク】 url=http://rega.basbakanlik.gov.tr/eskiler/2004/01/20040131.htm#3 )〕 The new lira was subdivided into 100 ''new kurush'' (''yeni kuruş''). The symbol was ''YTL'' and the ISO 4217 code was ''TRY''.
==History==
Because of the chronic inflation experienced in Turkey from the 1970s through to the 1990s, the old lira experienced severe depreciation. Turkey has had high inflation rates compared to other developed countries and suffered hyperinflation. From an average of 9 lira per U.S. dollar in the late 1960s, the currency came to trade at approximately 1.65 new lira per U.S. dollar in late 2001. This represented an average inflation of about 38% per year. Prime Minister Recep Tayyip Erdoğan had called this problem a "national shame". With the revaluation of the Turkish old lira, the Romanian leu (also revalued in July 2005) briefly became the world's least valued currency unit.
*1966 — 1 U.S. dollar = 9 lira (TL)
*1980 — 1 U.S. dollar =10,000 lira (TL)
*1988 — 1 U.S. dollar = 769 lira (TL)
*1995 — 1 U.S. dollar = 222 lira (TL)
*1996 — 1 U.S. dollar = 9.34 lira (TL)
*2001 — 1 U.S. dollar = 1.65 lira (TL)
*2004 — 1 U.S. dollar = 1.35 lira (YTL)
*25 July 2008 — 1 U.S. dollar = 1.21 lira (YTL)
*6 November 2008 — 1 U.S. dollar = 1.6 lira (YTL)
*18 July 2012 — 1 U.S. dollar = 1.81 lira (YTL)
In late December 2003, the Grand National Assembly of Turkey passed a law that allowed for the removal of six zeroes from the currency, and the creation of the new lira. It was introduced on 1 January 2005, replacing the previous lira (which remained valid in circulation until the end of 2005) at a rate of 1 new lira = 1,000,000 old lira.
The official name of the currency is "New Turkish Lira". According to the Central Bank, the word "new" (yeni) is only a "temporary" measure.〔(【引用サイトリンク】Central Bank of the Republic of Turkey "> url=http://www.tcmb.gov.tr/yeni/iletisimgm/NTL_faq.htm )〕 A news agency reported that "new" will be removed on January 1, 2009. The same source also indicated that the banknotes will have "different shapes and sizes to prevent forgery". The issuance of a new highest denomination, 200 lira, is contemplated at the same time.

抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)
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