Many countries have had periods of inflation. We don’t know about them if they don’t show up in our news.
Most people know about the German inflation after World War I and some know about the recent inflation in Zimbabwe. Turkey had an inflation period from about 1989 to 2005.
During that time their circulation coinage went from a comparative 500 lira to a value of 250 Bin Lira where 1 Bin Lira equals 1000 lira. During that time Turkey issued commemorative or collector coins with denominations as high as 7,500,000 lira The period also contains a 2001 bird series of square coins (which I don’t have ) and a 2002 flower series of unusual oval coins of 7,500,000 lira. I have four coins from that series. In 2005 they had a decimal currency reform where 100,000 old Lira = 1 New Lira and the 1 Kurus (1/100 Lira) was issued again.
I brought along tonight circulating coins from before the Bin Lira period, the Bin Lira inflation period 1995 – 2005, and one coin from after the decimal coinage reform. Also four coins from the oval flower series.
Krause, Chester L. and Clifford Mishler 2005 Standard Catalog of World Coins 1901-Present 32nd Edition © 2004 Krause Publications pgs 2081 – 2089, 2096.
Cuhaj, George S. and Thomas Michael 2015 Standard Catalog of World Coins 2001 – Date 9th Edition © 2014 pg 1100 fw Media Krause Publications.
This Show and Tell was created by
club memeber Herb Schmidt, and presented
at the June 2015 Muncie Coin and
Stamp club meeting.