"January 1, 2005 sees the introduction of the New Turkish Lira (Yeni Turk Lirasi, YTL) to replace the old Turk Lirasi (TL).
The New Turkish Lira is equivalent to one million (old) Turkish Liras (TL). In other words, six zeros have been dropped from the old TL to make the YTL.
If you paid TL1,000,000 for a drink in 2004, you pay YTL1 in 2005."
Official New Turkish Lira Website
More:Yeni Turk Lirasi: the New Turkish Lira