Turkish Lira in Pakistani Rupee

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.

PKR Pakistani Rupee

Country of application:
Pakistan

Coin denominations in circulation:
1, 2, 5, 10 rupees.

Denominations of banknotes in circulation:
10, 20, 50, 100, 500, 1000 rupees.

History reference:
The Pakistani rupee is the national currency and money of the Islamic Republic of Pakistan. Appeared in 1948 instead of the Indian rupee during the partition of British India. The very name of the ru...pee (translated as "forged silver") refers to Ancient India 5-4 centuries BC. In the 80s and 90s of the twentieth century, the Pakistani rupee was subject to significant inflation. Already by 2001, the exchange rate of the local currency against the US dollar was 63 to 1. Although, for example, in 1982 this ratio was at the level of 12.7 rupees per US dollar. For ten years from 1980 to 1990, the monetary unit of Pakistan lost its value by about 7% per year, and already in the first half of the 90s, the inflation rate almost doubled - 11% per year.