In article ,
John Stone wrote:
http://servihoo.com/channels/kinews/v3news_details.php?id=54714&CategoryID=47

The New Turkish Lira -- or YTL, as it is called here -- will
circulate from January 1, 2005, wiping out six zeroes from the
current money, which has been a source of national shame for many
Turks as a symbol of economic failure.

The biggest banknote now circulating -- the 20 million lira (about
13 dollars) bill -- is the biggest banknote in the world.

Monthly wages are measured in billions, while the budget, for
instance, isq calculated in quadrillions.

... Annual inflation, which surpassed 100 percent in the
mid-1990s, now stands at about 10 percent.

... One New Turkish Lira will equal one million Turkish lira -- at
current rates, it will be worth about 65 US cents or 55 euro
cents.

Both currencies will circulate during a transitional period until
December 31, 2005, during which labels will list prices in both
versions of the lira.

The reform will also re-introduce the kurus, which disappeared
from circulation more than two decades ago; there will be 100
kurus to the New Turkish Lira.

--
Tim McDaniel; Reply-To: