Due to the high exchange rate and inflation in our country, the cost of coins is in the news from time to time. Recently, some news have been circulating on social media that the production value of 1 TL is 3 TL. The General Directorate of Mint and Stamp Printing House made a statement on the subject.
Mint: “The news about their coins is far from reality”
The news that the production value of the coins has exceeded their own value has appeared many times in recent years. Upon the increase in the news that the production value of 1 TL is 3 TL in recent days, the General Directorate of Mint and Stamp Printing House took action and stated that the news was unfounded.
The following statements were included in the statement;
Such false statements should not be taken into account. In addition, the issues of how the produced coins will be produced and how they will be produced are regulated by the Law No. 1264. In addition, coins are also protected by the Communiqué on the Protection of the Value of Turkish Currency No. 32. Those who try to melt the different types of metal alloys in these coins will face serious penalties.
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The statement included some explanations about the production values of the coins. It was argued that the prices of copper, zinc and nickel used in metal alloys were subject to high fluctuations on a global scale, and this had a negative impact on the production of all coins in the world.