Turkish lira jumped to the Guinness Book of World Records as the least valuable currency. When 1920 Turkish lira was issued, the value of 1 Turkish lira exceeded 1 USD. However, since 1970s, the inflation rate in Turkey has been soaring, so the denomination of currency printed by the central bank has been increasing. At present, Turkish lira notes are divided into 500,000, 6.5438+0,000, 5,000,6.5438+0,000 and 20,000, and coins are also divided into 50,000, 6.5438+0,000, 250,000 and 500,000. Last year, the value of the Turkish lira once depreciated to $65,438 +0 to $6,543.8+0.7 million Turkish lira. However, after the current government came to power, the market sentiment has been rectified, the economy has improved slightly in the past two years, and the value of the Turkish lira has also slowly increased. By 25th, the foreign exchange market closed at 654.38+800,000 Turkish lira (2004/ 10/25). Mustafa Kemal Ataturk, the father of the Turkish nation, was printed on the front of 1, 2, 5, 10, 20, 50 and 100. Turkey will also issue "Kurrus" coins with face values of 1, 2, 5, 10, 20 and 50 respectively. According to relevant regulations, the "New Turkish Lira" will be issued in June 5438+February this year and put into use in June+10, 2005. The old and new Turkish lira will expire on June 65438+February 3, 20051. Subsequently, the old Turkish lira will be discontinued. The Turkish Grand National Assembly passed a bill earlier this year, agreeing that the Ministry of Finance will start to circulate the "New Turkish Lira" (YTL) from June 65438+ 10 next year to replace the existing "Turkish Lira" (TL). 1 new Turkish lira is equal to 1 ten thousand Turkish lira, and 1 new Turkish lira is equal to 100 kuru.