Turkey has new currency for 2005!
Jeruselem
02-01-2005, 16:40
http://en.wikipedia.org/wiki/New_Turkish_Lira
Yep, New Turkish Lira = 1,000,000 Turkish Lira
This is not a new trick. It's normally done when hyperinflation devalues your current currency to the point it is worthless.
Neo Cannen
02-01-2005, 16:48
I heard about this, they just knock 6 zeros off yes?
Jeruselem
02-01-2005, 16:52
I heard about this, they just knock 6 zeros off yes?
Basically, yes. :p
Means, we can't be millionaires in Turkey anymore.
Ironlock
02-01-2005, 16:57
Inflation in Turkey is quite humourous, I went one year and got 700,000 T-lira to my GBP, the next year I got 1,050,000 to the GBP.
Although the turkish people I spoke to said they were used to it. You will see, as in a lot of countries with high inflation, a lot of semi built properties as people put they money into their future before it devalues.
Dontgonearthere
02-01-2005, 18:18
I have a Turkish Lira, it must be old though (Checked, 1985), because its a 25 Lira coin.
Its made of tin.
Tells you something about a country, eh?
^_^
Tactical Grace
02-01-2005, 18:46
It makes sense really, I wouldn't want to be dealing with 7-digit numbers every time I pop out for a newspaper and a box of cereal.