Here are old pre-2005 Turkish Lira notes (bills) and coins, now no longer in circulation. Do not accept them!
The New Turkish Lira (YTL: Yeni Türk Lirası), current from 2005 through 2008, made the old pre-2005 Turkish Lira (Türk Lirası, TL, TRL) notes and coins obsolete.
If someone tries to pay you with old pre-2005 series notes or New Turkish Lira (YTL) notes, do not accept them! Insist on the 2009 series Turkish Lira notes.
It’s not that the old pre-2005 Turkish Lira and 2005-to-2008 New Turkish Lira notes are valueless. Rather, they’re inconvenient: they may be exchanged for the current notes only at Turkish Central Bank (TC Merkez Bankası) offices or, in the absence of a Central Bank office, at a TC Ziraat Bankası office, until December 31, 2016.
If you don’t do that, you’ll probably have to find some other sucker to accept them, and it won’t be a Turk.
TL1.00 is equal to (old) TL1,000,000. In other words, a million old liras became one new lira. At the current exchange rate, all you can buy with a million old liras is asmall bottle of water. You might as well just keep the old note as a souvenir.
The Turkish Lira is divided into 100 kuruş (koo-ROOSH).
Here are the old pre-2005 TL notes: