"Turkish Currency Is One in a Million
With hyperinflation in its past and membership in the European Union a goal for the future, the nation makes its money more manageable.
By Tracy Wilkinson, Times Staff Writer
ISTANBUL, Turkey � Starting today, Turks will no longer have to shell out millions to buy a stick of chewing gum. Tourists will no longer have to squint at the bills they receive, trying to count the zeros that fill a price tag or a piece of money.
Turkey is launching a new currency, the New Turkish Lira, or YTL, that drops six zeros, makes the money more manageable and, the government hopes, gives a psychological boost to citizens, business owners and investors."
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