Which currency was introduced in Turkey in 2005 after six zeros were removed from the old unit?

Turkey introduced the new Turkish lira in 2005 after removing six zeros from the old Turkish lira.

The reform addressed the extreme denominations created by decades of inflation. One new Turkish lira equaled 1,000,000 old Turkish lira, making prices and accounting easier to handle. The word “new” was dropped from the official name in 2009, leaving the modern Turkish lira.

The currency is divided into 100 kuruş and uses the ISO code TRY. Turkey’s currency history also includes Ottoman monetary units and earlier lira reforms, so “Turkish lira” can refer to more than one historical version. The 2005 redenomination changed the scale of the currency, not the purchasing power represented by an equivalent amount.