The cost of 1 lira exceeded 3 lira.
of money The difference between the cost of production and the value written on it increases day by day. Due to both the economic crisis in Turkey and the war between Russia and Ukraine, there are some difficulties in the supply of raw materials used in the production of coins. Former Minister of Culture and Tourism Fikri Sağlar stated that the production cost of the 1 TL coin exceeded 3 TL. CHP Uşak deputy Özkan Yalım also conducted a study in March, revealing how the cost of money increased with the increase in the price of metals in minting coins, and determined the costs of 1, 5, 10, 25 , 50 kuruş and 1 lira, which the public described as ‘coins’. . In his study from eight months ago, Yalım calculated that the Central Bank bought 2 liras of 92 cents (0.15 pounds) of copper, nickel and zinc to mint the 1 lira coin.
provides the idea
THE CURRENCY IS RISING
With the increase in currencies, the metallic values of the coins also increase. Today, when we do the same calculation with the exchange rate of the pound, which is at the 22.50 lira level, it is estimated that the cost of printing 1 lira increases to approximately 3 liras and 40 cents. The printing and ink costs of paper money are quite high. These may vary depending on the value, size and color of the coins.