Turkey 1994 5000 lira

from the Mountain Groan Collection

This denomination was struck with this design 1992-94. All dates are more or less worthless. The circulating life was brief, as inflation devoured its value. In 1970, US$1 = 11.3 lira; in 1990, US$1 = 2,500 lira; in 1995, US$1 = 43,000 lira; in 2005, US$1 = 1,350,000 lira. In that year, the new lira was introduced, worth one million old lira. Normally, a new currency is accompanied by budget reforms or debt rescheduling so that the new unit can become established; however, this did not occur in Turkey.

Recorded mintage: 69,504,000.

Specification: 10 g, nickel bronze, 28.5 mm diameter.

Catalog reference: KM 997.

Source:

• Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1901-2000, 47th ed., Iola, WI: Krause Publications, 2019.

Link to:

• 1991 2500 lira
• 1991 50,000 lira, bicentennial of the death of Mozart
• 1994 1000 lira
• 1997 1,000,000 lira, Pîrî Reis
• 2001 50,000,000 lira, golden eagle
• Coins and currency dated 1994