MONEY OF THE REPUBLIC OF TURKEY (1923-....)

 


  The Republic of Turkey minted its first coin during the first years of its foundation. The first series of coins issued consisted of three types: 100 para, 5 kurus, and 10 kurus. In 1925, 25 kurus was added to this series, and 100 kuruş and 1 lira were issued in 1934. Over time, different denominations of coins and banknotes were issued as needed. No commemorative coins were minted from the foundation of the Republic until 1970. Following the law enacted in 1970, the Undersecretariat of Treasury was given the authority to issue coins "commemorating historical, scientific, cultural and artistic events of national and international significance, other notable historical events and days, Turkish notables who have made significant contributions in various fields, and other occasions and causes the need and benefits of which may be appreciated." The first commemorative coin was stuck on the 50th anniversary of the foundation of the Grand National Assembly of Turkey and it featured the founder of the Republic of Turkey, Mustafa Kemal Atatürk on the obverse, and the Grand National Assembly building on the reverse.


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