Thursday, September 9, 2010
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 Turkey to put new currency into circulationDecember 15, 2009 - 12:17 AMT  08:17 GMTPanARMENIAN.Net - Turkey will remove the prefix "New" from its national currency "New Turkish Lira" as of 1st January 2010, introducing the second phase of its currency reform, trt-world.com reported. The coins are supposed to be changed during 2010 while the old banknotes will be exchanged in banks during next 10 years. In the first phase of the reform, the New Turkish Lira banknotes and coins were placed in circulation as of January 1, 2005 under the Law on the Currency Unit of the Republic of Turkey. The second phase involves removal of the prefix New and reverting back to "Turkish Lira" under applicable provisions published in the Official Gazette. As of 2010, the Central Bank and Ziraat Bank will exchange former banknotes for 10 years and coins for 1 year. Reportedly, the ATMs will accept and dispense only Turkish Lira while labels, tariffs and price lists will be in Turkish Lira (TL) or Kurus (Kr). The new forms of banknotes and coins will differ from the old ones in size, design, color, and anti-counterfeiting properties,  Bookmark and ShareTurkey to put new currency into circulation  Most popular in the section Armenian brandy to be produced in Belarus A branch of Noy brandy factory will be established in Belarus.Israel, Russia, Ukraine and Armenia to form airline alliance The alliance was initiated by El Al, whose joining the existing alliances has always been prevented by different Arab airlines.Georgia’s external debt to Armenia totals USD 17million Total external debt of Georgia comprised USD 3583,5 million as of July 31, 2010. |  Related sections Latest newsPeter Semneby’s statements misrepresented by Azeri media I reiterate the EU commitment to a peaceful settlement of Karabakh conflict, that would allow the return of all internally displaced persons and refugees to their former places of residence,” EU special envoy stressed.OSCE MG visits to Stepanakert indicate Karabakh to be an established state “Mediators’ traveling from Yerevan to Karabakh suggests a trilateral negotiation process,” the political expert stated.Alexander Iskandaryan: nothing extraordinary about OSCE co-chairs arrival in Karabakh from Baku “OSCE MG crossed the line of contact just as it did in past, when Vladimir Kazimirov was a part of the Group,” the political expert reminded.Ireland pledges to contribute to resolution of protracted regional conflicts in its capacity as OSCE Chair Micheal Martin: as Chair, we will work hard to contribute to the resolution of conflicts, drawing on our experience in this area in the context of the Northern Ireland peace process." |
