History

Tourism Companies Istanbul Stock Exchange(ISE) Companies listed on ISE Turkish new lira Central Bank of the Republic of Turkey European Union-Turkey Customs Union Baku-Tbilisi-Ceyhan pipeline(BTC) Southeastern Anatolia Project Foreign purchases of real estate in Turkey
Coins were introduced in 2005 in denominations of 1, 5, 10, 25 and 50 new kuruş and 1 new lira. The 1 new kuruş is minted in brass and the 5, 10 and 25 new kuruş in cupro-nickel, whilst the 50 new kuruş and 1 new lira are bimetallic. All coins show portraits of Mustafa Kemal Atatürk.
To the dismay of the European Central Bank, the sizes and compositions of the 50 new kuruş and 1 new lira coins clearly resemble those of the €1 and €2 coins respectively. (See comparison photo in [1] of YTL 1 coin and €2 coin.) This could cause confusion in the eurozone. It also caused trouble to businesses using vending machines (particularly at airports) in the eurozone since a number of vending machines at the time accepted the 1 new lira coin as a €2 coin. Since €2 is worth roughly four times more, vending machines affected had to be upgraded at the expense of their owners.

Banknotes

Economy of the Turkish Republic of Northern Cyprus