International Trade Law News /title <!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Strict//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-strict.dtd"> <html xmlns="http://www.w3.org/1999/xhtml" xml:lang="en" lang="en"> <meta name="verify-v1" content="6kFGcaEvnPNJ6heBYemQKQasNtyHRZrl1qGh38P0b6M=" /> <head> <title>International Trade Law News

« Home | BIS Announces Settlement with Emcore Corporation o... » | GAO Issues Report on Illegal Textile Transshipment... » | U.S. Steel Imports Declined in December 2003 » | United States is Now Cuba's Fifth Largest Import S... » | DOT Requires Foreign Air Carriers to Submit Revise... » | US Customs Collects $24.7 Billion in 2003 » | EU to Challenge US Practice of Zeroing Negative Du... » | ITA Announces Proposal to Govern False Statement A... » | Commerce Issues Preliminary Antidumping Determinat... » | Commerce Initiates Antidumping Duty Investigations... » 

January 29, 2004 

Turkish Parliament Adopts Draft Law to Eliminate Six Zeros From Turkish Lira

Because hyperinflation is now under control in Turkey, the Turkish Parliament has approved a draft law to eliminate six zeros from the Turkish Lira (TL) starting in January 1, 2005. The draft law also indicates that the name of Turkey's monetary unit will be changed to the ''New Turkish Lira.'' ''Kurus'' will be the name of the sub-monetary unit of the new TL. One new TL will be equal to one million TL and one new TL will be equal to one hundred kurus. The draft law specifies that the new and old TL will be in circulation simultaneously between January 1, 2005 and December 31, 2005.

Thursday, January 29, 2004 |posted by Douglas N. Jacobson|

Post a Comment

Editor

Subscribe

Subscribe to our confidential mailing list

Mobile Version

Search Trade Law News

International Trade and Compliance Jobs

Jobs from Indeed

Archives

Import/Export Links

Categories

Disclaimer

  • This Site is presented for general informational purposes only and does not constitute legal advice. No attorney-client relationship is formed when you use this Site. Do not consider the Site to be a substitute for obtaining legal advice from a qualified attorney. The information on this Site may be changed without notice and is not guaranteed to be complete, correct or up-to-date. While we try to revise this Site on a regular basis, it may not reflect the most current legal developments. The opinions expressed on this Site are the opinions of the individual author.
  • The content on this Site may be reproduced and/or distributed in whole or in part, provided that its source is indicated as "International Trade Law News, www.tradelawnews.com".
  • ©2003-2015. All rights reserved.
    •

Translate This Site


Powered by Blogger