Gibraltar Pound in Turkish Lira

GIP Gibraltar Pound

Country of application:
Gibraltar

Coin denominations in circulation:
5, 10, 20, 50 Gibraltar pound.

Denominations of banknotes in circulation:
1, 2, 5, 10, 20, 50 pennies, 1, 2, 5 Gibraltar pound.

History reference:
The Gibraltar pound has been the national currency and money of Gibraltar since 1927, although Gibraltar received the right to print its banknotes only in 1934. The Gibraltar pound is pegged to the p...ound sterling at a ratio of 1:1. The name Gibraltar comes from the ancient Arabic language, where it literally means "Mount Tariq" - the Arab commander Tariq ibn Ziyad, who crossed Gibraltar to Europe to capture the Iberian Peninsula. Currently, Gibraltar has the status of a British Overseas Territory, with sufficient autonomy. Gibraltar, which is part of the United Kingdom of Great Britain and Northern Ireland, is part of the EEC and the EEC customs union, but is not included in the euro area, which allows the territory to adopt its own liberal tax and financial laws, being an offshore zone.

TRY Turkish Lira

Country of application:
Turkey

Coin denominations in circulation:
1 lira, 50, 25, 10, 5, 2 and 1 kurush.

Denominations of banknotes in circulation:
200, 100, 50, 20, 10, 5 liras.

History reference:
The Turkish lira has been the national currency of Turkey since 1923 and replaced the Ottoman lira, which in turn has been in circulation since 1844. The history of Turkish money circulation dates ba...ck to the times of the Ottoman Empire, which lasted from 1299 until the end of the 19th century. Precious metals were widely used as money. Ancient coins were issued by sultans and bore their names, but not portraits - in accordance with Islamic tradition. In 1327, Akche ("whitish") was minted by Orkhan. This small silver coin was in circulation on the territory of the Ottoman Empire and its neighboring states in the 14th - 19th centuries. Starting from 1623 until 1930, a silver Turkish coin was also in circulation - a pair. Then it was used exclusively as a counting unit, 1/40 kurush. Kurush is a small Turkish coin used in the Ottoman Empire since 1688.