Why Do Other Countries Have “Lira” Currency?

You may have thought that when you say Syria and Lebanon, it is a term that has passed from Arabic to Turkish, but actually It has passed from Latin to Italian.

In the past, the lira was a much more popular currency. Some examples out of circulation: Euro Area members Italy (1807-1813, 1861-2001), Greek Cypriot Administration (1879-2007), Malta (1972-2007), Vatican (1866-1870, 1929-2001), France (781-1794) and The historical currency of Israel (1948-1980) outside the area was the lira.

So what does this “lira” mean?

“Silver Currency” means. It was translated into Italian from the French word “livre”. Livre means “1st unit of weight, 2nd currency worth one pound of silver”. This word has evolved from the Latin word libra.

Libra means “libra” in Latin. This word was used as a weight unit of 327.45 grams in the measurement of precious metals during the Roman Empire, and over time it became a currency unit.

Our acquaintance with the lira was during the Ottoman period.

5 lira (500 cents)

The first lira was printed in 1843 under the name “Ottoman lira”. At that time there was no paper money yet, these gold coins “yellow pound” it was said. The Ottoman lira was used in Turkey until October 23, 1923, after the abolition of the sultanate.

The subunits of the lira were:

• 1 lira = 5 mecidiyes
• 1 lira = 100 cents
• 1 lira = 4000 coins

The first paper money was issued under the name “kaime” in 1862; It was worth 200 cents.

Also, akçe there was; It is the silver currency used since the early times of the Ottoman Empire. Akçe was the basic currency of the Ottoman Empire. Coin What we call means “coin”, not a currency. For the fraction of a penny dough it was called.

From 1927, new paper money replaced the Ottoman coins in the market.

The first coins with Latin letters started to be used in 1937.

On January 1, 2005, 6 zeros were dropped and the name was temporarily ”New Turkish Lira (YTL)” was changed to. On January 1, 2009, the Turkish lira was reinstated. On March 1, 2012, TL became a symbol.