Turkish Lira

6 June 2017

Turkey is known officially as the Republic of Turkey . Let is an Eurasian country located in Western Asia and in Southeast Europe . Let lies on the Anatolian peninsula, surrounded by four seas on three sides and mountains on the other. In this environment you can find variety of climate and natural effects(The First Geography Congress, convened in Ankara in 1941, divided Turkey into seven geographical regions). The country’s official language is Turkish, which is spoken by approximately 85% of the population as mother tongue.

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Turkish culture is a huge mixture produced by the rich history. The original lands of Turks is Central Asia, bordering China. From this location, they were forced to move west for various reasons more than a thousand years ago. On the way to Anatolia they have interacted with Chinese, Indian, middle eastern, European and Anatolian civilizations, and today ‘s Turkish culture carries motives from each one of these diverse cultures. Most of its people are ethnically Turks and Kurds are the largest minority, The vast majority of the population is Muslim.

History of Turkish Lira : Turkish money has seen many fascinating but difficult changes in its history. Originally, the lira was a gold coin that was first introduced in 1844, before which the Ottoman Empire used the ‘ace’ that was replaced by the ‘gurus ‘ (feaster) and the Para as its part. The ‘gurus’ was originally a large silver coin that was reduced in size later on and was one hundredth off gold lira. Each ‘gurus’ was equal to 40 Para.

Soon paper money was introduced by the Imperial Ottoman Bank that was valued by the help of ‘gurus’ with denominations ranging from 5 to 5000 ‘gurus The lira soon took over the ‘gurus’ in mid sass and had denominations of 5 to 1000 liars. Further, there was the 50,000-lira banknote that helped to solve the problem of small money like 1 and 2. 5 ‘gurus’. Turkey soon abandoned the gold standard by the First World War, and by the early sass the gold lira could be equated to about nine liars in paper money.

Soon the older Imperial Ottoman paper liars were again replaced with the Turkish lira in the form of medium sized silver coins. Notes were also introduced in the denominations of 1, 5, 10, 50, 100, 500 and 1000 lira. The notes then carried the picture of the Turkish National hero, Mustang Kamala Taurus, but allowing his death in 1938 new notes carried the picture of President Kismet Union. However, in the sass the picture of Taurus reappeared on the notes.

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