Old pre-2005 Turkish Liras

• Old TL notes may now be exchanged for 2009 TLs only at Turkish Central Bank (TC Merkez Bankası) offices or, in the absence of a Central Bank office, at a TC Ziraat Bankası office, until December 31, 2016.
• LeftoverCurrency.com says it will buy these old notes from you.

Does Turkish lira expire?

They are known as Old Turkish Lira. In 2005, after many years of hyperinflation, the Old Turkish Lira (TRL) was replaced by the New Turkish Lira (YTL) at a rate of 1 Million old Lira to 1 new Lira. The exchange deadline for Old Turkish Lira notes issued by the Türkiye Cumhuriyet Merkez Bankası expired in 2015.

How much is a 1 million Turkish lira Bill worth?

For example, the two banknotes in the pictures below have the same value: 1 new Turkish Lira (dated 2005) is the equivalent of 1 Million old Turkish Lira (dated 1970). The total exchange value of 1 Million old Turkish lira is £0.15 pounds. The 1 new Turkish lira bill has the same value: £0.15 pounds.

What’s the value of a 20 million old lira?

The value of a twenty Million old Turkish Lira banknote is very low as a result of a decade of hyperinflation in Turkey. Six zeroes were dropped and this banknote was replaced by a banknote of 20 new Turkish lira in 2005. Do you have a 20000000 Turkish Old Lira banknote (7th emission group 1970)? Here’s how to exchange it for cash:

When did the Turkish old lira go out of circulation?

They are part of the obsolete Old Turkish Lira banknotes series. The Central Bank of the Republic of Turkey started issuing these 20000000 Turkish Old Lira banknotes in 2001. They were withdrawn from circulation in 2006. This yirmi milyon turk lirasi note depicts the image of Mustafa Kemal Ataturk.

What was the value of 100 lira in 1970?

This means that 100 lira in 1970 are equivalent to 240,633,943.47 lira in 2019. In other words, the purchasing power of ₺100 in 1970 equals ₺240,633,943.47 today. The average annual inflation rate has been 34.16%.