500 Lira

Features

Country Turkey
Period Republic (1923-date)
Type Standard banknote
Years 1962-1968
Value 500 Turkish Lira 500 TRY = 4913.36 INR
Currency Old lira (1923-2005)
Composition Paper
Size 170 × 80 mm
Shape Rectangular
Demonetized 09-01-1976
References P# 178
  • Tracy L. Schmidt (editor); 2019. Standard Catalog of World Paper Money. Modern issues 1961-present (25th edition). Krause Publications, Iola, Wisconsin, USA. ISBN 9781440248986.
  • Tracy L. Schmidt (editor); 2016. Standard Catalog of World Paper Money. General issues, 1368-1960 (16th edition). Krause Publications, Iola, Wisconsin, USA. ISBN 9781440247071.
  • George S. Cuhaj (editor); 2013. Standard Catalog of World Paper Money. Specialized Issues (12th edition). Krause Publications, Iola, Wisconsin, USA. ISBN 9781440238833.

Obverse

Purple and brown on multicolor underprint.
Portrait of President Kemal Atat¸rk at right.
Printer: Central Bank of the Republic of Turkey - CBRT

Lettering:
Türkiye Cumhuriyet Merkez Bankası
500
BEŞ YÜZ TüRK
LIRASI
11 HAZIRAN 1930 TARIH VE 1713 NUMARALI
KANUNA GÖRE CIKARILMISTIR

Translation:
Central Bank of Turkey Republic
500
FIVE HUNDRED TURKS
LIRA
DATE 11 JUNE 1930 AND NUMBER 1713
ISSUED BY LAW

Reverse

Sultan Ahmed Mosque, Obelix and Hippodrome

Lettering:
Türkiye Cumhuriyet
Merkez Bankası
500
TÜRK
LIRASI

Translation:
Republic of Turkey
Central Bank
500
Turkish
Lira

Watermark

Watermark of the president Kemal Atat¸rk.

500 Lira -  obverse

© Samuel Kirubakaran.D

Comments

Historical banknotes from the second, third and fourth issues have portraits of İsmet İnönü on the obverse side. This change was done according to the 12 January 1926 issue of the official gazette and canceled by the Democrat Party after World War II.

After periods of the lira pegged to the British pound and the French franc, a peg of 2.8 Turkish lira = 1 U.S. dollar was adopted in 1946 and maintained until 1960, when the currency was devalued to 9 Turkish lira = 1 dollar. From 1970, a series of hard, then soft pegs to the dollar operated as the value of the Turkish lira began to fall.

The following are based on yearly averages:

1960s – 1 U.S. dollar = 9 Turkish lira
1970 – 1 U.S. dollar = 11.3 Turkish lira
1975 – 1 U.S. dollar = 14.4 Turkish lira
1980 – 1 U.S. dollar = 80 Turkish lira
1985 – 1 U.S. dollar = 500 Turkish lira
1990 – 1 U.S. dollar = 2,500 Turkish lira
1995 – 1 U.S. dollar = 43,000 Turkish lira
2000 – 1 U.S. dollar = 620,000 Turkish lira
2001 - 1 U.S. dollar = 1,250,000 Turkish lira
2005 – 1 U.S. dollar = 1,350,000 Turkish lira
The Guinness Book of Records ranked the Turkish lira as the world's least valuable currency in 1995 and 1996, and again from 1999 to 2004. The Turkish lira had slid in value so far that one original gold lira coin could be sold for 154,400,000 Turkish lira before the 2005 revaluation.

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Date No. printed VG F VF XF AU UNC Frequency
1962-Sep-1  5,120,000 25% Brown : Series P - T = P#178
1968-Jun-3  13,538,000 75% Purple : Series S - Z = P#178a

Frequencies show the percentage of Numista users who own each year or variety among all the users who own this banknote. Since some users own several versions, the sum may be greater than 100%.

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This index is based on the data of Numista members collections. It ranges from 0 to 100, 0 meaning a very common coin or banknote and 100 meaning a rare coin or banknote among Numista members.

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