Many countries have had periods of inflation.  We don’t know about them if they don’t show up in our news.

2002 7500000LiraMost 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.

 

References:

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.

 

 

IMG 3214 1This Show and Tell was created by
club memeber Herb Schmidt, and presented
at the June 2015 Muncie Coin and
Stamp club meeting.