The Historical View of Turkish Lira
USD / TRL ( - 2005)
10 000 000
1 000 000
100 000
10 000
1 000
100
10
1
1960 1970 1980 1990 2000
•
•
•
•
•
USD / TRY ( 2005 -
Redenomination
by the removal
of six zeros
TRL → TRY
7
6
5
4
3
2
1
0
2005
In 1946, a peg of 2.8 Turkish Lira = 1 US dollar was adopted and maintained until 1960.
The currency was devalued to 9 Turkish lira = 1 dollar in 1960.
From 1970, a series of hard and soft pegs to the dollar operated as Turkish lira depreciates.
Turkish lira has been listed several times as the least valuable currency in the world by the Guinness Book of Records.
At the beginning of 2005, The Grand National Assembly of Turkey introduced New Turkish Liras.
2018
Turkey GDP Composition (Expenditure Approach)
110%
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
-10%
63%
64%
62%
61%
61%
61%
60%
59%
58%
24%
29%
27%
28%
28%
30%
29%
30%
30%
15%
14%
14%
14%
14%
14%
15%
14%
14%
-5%
-6%
-4%
-3%
-3%
-4%
-4%
2012
2013
2014
2015
2016
2017
2018
-4%
2010
-9%
2011
C
I
G
NX