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From 1 Jan­u­ary 2009, the phrase "new" was re­moved from the sec­ond Turk­ish lira, its of­fi­cial name in Turkey be­com­ing just "Turk­ish lira" again; new coins with­out the word "yeni" were in­tro­duced in de­nom­i­na­tions of 1, 5, 10, 25, 50 kuruş and 1 Turk­ish lira. Also, the cen­ter and ring al­loys of the 50 kuruşand 1 Turk­ish lira coins...

A new se­ries of ban­knotes, the "E-9 Emis­sion Group" en­tered cir­cu­la­tion on 1 Jan­u­ary 2009, with the E-8 group ceas­ing to be valid after 31 De­cem­ber 2009 (al­though still re­deemable at branches of the Cen­tral Bank until 31 De­cem­ber 2019). The E-9 ban­knotes refer to the cur­rency as "Turk­ish lira" rather than "new Turk­ish lira" and...

2018 crisis

In 2018, the lira's ex­change rate ac­cel­er­ated de­te­ri­o­ra­tion, reach­ing a level of US$4.5/TRY by mid-May and of 4.9 a week later. Among econ­o­mists, the ac­cel­er­at­ing loss of value was gen­er­ally at­trib­uted to Recep Tayyip Erdoğan pre­vent­ing the Cen­tral Bank of the Re­pub­lic of Turkey from mak­ing the nec­es­sary in­ter­est rate adjustments. Erdoğan, who claimed in­ter­est rates be­yond his con­trol to be "the mother and fa­ther of all evil", said that "the cen­tral bank ca...

The cur­rent cur­rency sign of Turk­ish lira was cre­ated by the Cen­tral Bank of the Re­pub­lic of Turkey in 2012. The new sign was se­lected after a coun­try-wide contest. The new sym­bol, cre­ated by Tülay Lale, is com­posed of the let­ter 'L' shaped like a half an­chor, and em­bed­ded dou­ble-striped let­ter 'T' an­gled at 20 de­grees. The de­s...