Product Description
B306e - P222f - 5 Türk lirası -Date: 14-1-1970 (2022) - Grade: Unc.
Signature: Kavcıoğlu/Çakmak
Description: Colour: Purple. Front: Turkish text; star; Mustafa Kemal Atatürk; star and crescent.
Back: Turkish text; open hands; planets; atom; double helix DNA chain; science historian Aydın Sayılı.
Holographic stripe. - Watermark: Mustafa
Solid security thread with printed TL 5.
Kemal Atatürk and electrotype 5.
Printer: TÜRKİYE CUMHURİYET MERKEZ BANKASI BANKNOT MATBAASI.
Size: 130 x 64 mm. - Material: Paper.
Inflation problems:
Turkey's monthly inflation came in slightly below of consensus at 2.93% month-on-month, with annual inflation for 2023 at 64.8% year-on-year versus the forecast 65% from the Central Bank of Turkey (CBT) in its latest inflation report.3 jan 2024
Turkey has been struggling with rapidly rising inflation for several months now. The reason is mainly due to Prime Minister Recep Tayyip Erdogan's unconventional belief that lowering interest rates helps tame inflation. This has led to months of unsatisfactory results, and seen Turkey's ongoing currency crisis worsen. - 5 feb 2024
