Turkey: New Banknotes.

New Turkish Lira (YTL) replaced by the Turkish Lira (TL)

The Turkish Lira (TL) and Kurus (Kr) coins will be in circulation as of January 1, 2009.

The New Turkish Lira (YTL) banknotes and New Kurus (YKr) coins will be valid

until the end of 2009; therefore New Turkish Lira banknotes and Turkish Lira Banknotes

and coins will both be in circulation throughout 2009.

The New Turkish Lira banknotes can be redeemed for a period of 10 years and coins

for 1 year (redemption period) starting from January 1, 2010 at the branches of

the Central Bank of the Republic of Turkey and T.C. Ziraat Bankasi.

The removal of the prefix "New" used in the "New Turkish Lira" and "New Kurus"

as of January 1, 2009 was decided by The Council of Ministers on April 4, 2007.

There will not be any change in the value of the currency, only the name

of the currency will change (1 New Turkish Lira = 1 Turkish Lira).

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