"Turkey to Shift to a One-in-a-Million Currency
By SUSAN SACHS
Published: December 30, 2004
STANBUL, Dec. 29 - Everyone here was a millionaire, but those days will soon be over.
Beginning Jan. 1, Turkey will eliminate the last six zeros on its currency, bringing an end to the days when Turks could drop a hundred million for a week's worth of groceries and spend a few billion to furnish a simple apartment.
The million-lira bank note, the equivalent of about 74 cents, will become a one-lira note of the same value. The 20 million-lira night out at the movies, including popcorn, will instead cost 20 new Turkish liras, and so on. "
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