"New money for Turkey ends 'wad of cash' culture
Helena Smith in Ankara
Saturday January 1, 2005
Millions of Turks will lose their status as billionnaires today as the world's biggest banknote, the 20m-lira bill (worth �8), is formally declared dead.
At midnight last night Turkey adopted a new currency, the new Turkish lira, or YTL, replacing notes which for years had symbolised economic upheaval.
'Psychologically, and economically, this is an immensely important event,' the finance minister, Kemal Unakitan, told the Guardian. 'It proves that after years of hyperinflation our economy has finally stabilised.' "
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