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1 New Lira
| Issuer | Türkiye Cumhuriyet Merkez Bankası (Central Bank of the Republic of Turkey) |
|---|---|
| Year | 2005 |
| Type | Standard circulation banknote |
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| Reverse description | A large intaglio vignette of Atatürk Dam (Atatürk Barajı) occupies the central field, rendered in grey-green tones and viewed from an aerial perspective showing the massive earthfill embankment, spillway structures, and the reservoir extending to the horizon. The denomination numeral '1' is placed at lower left, with 'BİR YENİ TÜRK LİRASI' in bold letterpress at lower right; an ornate wheat-ear security device panel runs vertically at right, incorporating micro-text, and an Islamic geometric-pattern vignette with the Central Bank monogram appears at centre-left. |
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| Protection type | Watermark, Security thread |
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| Comments |
The 1 New Lira (Yeni Türk Lirası) was the lowest denomination of the redenomination series introduced on 1 January 2005, when Turkey dropped six zeros from its currency — a correction made necessary by decades of inflation that had reduced the old lira to one of the least-valued currencies on earth by face unit. At its worst, the pre-reform lira had traded at roughly 1.65 million to the US dollar.
The "New" designation was temporary by design. Parliament had already legislated its removal; by 2009 the prefix was dropped and the currency reverted to simply "Türk Lirası."