1 Lira

Turkey's postwar monetary position was precarious enough by the mid-1940s that the government had already debased its lira coinage significantly from prewar standards. This issue's .600 fine silver content reflects that compromise — wartime Turkey had pursued a financially ruinous policy of currency emission to fund neutrality-era military mobilization, and the National Protection Law of 1940 had generated enough economic distortion that a return to high-silver coinage was simply not viable. The two-year run ended as inflationary pressure made even this alloy uneconomical.