CURRENCY REFORM TO BE HELD IN TURKEY
Draft law on conducting currency reforms from January 1, 2005 is submitted to the Parliament of Turkey, AzerTAj correspondent reports.
According to the Draft elaborated by the Ministry of Economy and Finance, six zeroes will be annulled from the national currency – Turkish lira, which to be equaled to 100 kurus – 1/10 part of lira. The period of transfer to the new currency is to be realized within a year, in the course of which, the old banknotes and coins will be circulated parallel with new liras.
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