2.5 TL coin is coming

A new coin is added to the coins that have lost their value and have become stamps due to price increases.

The government will print the 2.5 lira coin to partially solve the problem of “coins” on the market and relieve excessive pressure on the 1 lira coin.

HE WAS RETIRED FROM TRAINING IN 1989

It was learned that the General Directorate of Mint and Stamp, which has completed its preparations, is waiting for the approval of President Tayyip Erdoğan to print the new 2.5 TL coins, and after approval, the coins will be printed and put On circulation. soon. The 2.5 TL coins were last removed from circulation 34 years ago, in 1989.

The 2.5 TL metal coins were first introduced to the market in 1960 and, after 29 years of use, were withdrawn from circulation in 1989 due to the extreme decline in the value of money.

It was learned that the General Directorate of Mint and Stamps made a proposal to President Erdoğan for the printing of 2 TL coins, but Erdoğan informed the authorities that a 2.5 TL coin would be more suitable. Immediately afterwards, it was stated that Mint officials made a new study on the 2.5 lira coin and presented it to President Erdoğan.

ATATURK RELIEF GOES FOR 5 TL

The first study was carried out to use the relief of Atatürk’s photograph with a heart on the 2.5 TL coin. However, this relief was used on the 5 TL banknote, which was printed as a special commemorative banknote for the centenary of the Republic of Turkey. For this reason, it was stated that a new relief of 2.5 TL was planned to be used.

2.5 TL FOR THE COST OF 1 TL

Stating that the cost of printing a 1 TL coin is 2 lira and 30 kuruş, the authorities said that the 2.5 TL coin will be printed at the same cost, thus saving money and closing the coin deficit in the market.

THE GRAM AND THE METER HAS BEEN REDUCED

The authorities stated that to reduce the cost of the 1 TL coin, they reduced its weight and the rate of nickel in its alloy, and said: “If this study had not been done, the cost of 1 TL today would be around 3.5 lyres”. “. The authorities stated that with the increase in raw material prices during the pandemic period, the cost of 1 TL increased to 2.7 TL, then with the decrease in prices, the cost decreased to 1, 9 TL, but with the increase in the exchange rate, the cost increased again to 2.30 TL today. The authorities reported that the cost of the 1 TL and 5 TL commemorative coins is 2.30 TL.

WE ARE PRINTING AZERBAIJAN QEPİK

It was also learned that the General Directorate of the Mint and Printing House began minting Azerbaijani pennies called “qepik” in Istanbul.

5 TL MEMORIES WILL NOT BE A SOLUTION

The 5 TL coins, printed as a special commemoration of the centenary of the Republic of Turkey, are not expected to be a solution to the problem of coins on the market.

It was reported that the 5 TL coins printed by the General Directorate of Mint and Stamps at its Istanbul mint began to be delivered to the Central Bank from October 31, and the Central Bank distributed the first batch of coins to through 22 correspondents. banks and some private banks.

Although it was stated that only 100 million 5 TL commemorative coins could be used for purchase on the market, it was stated that this would not solve the coin problem, as people would want to keep a significant portion of these limited quantities of coins as souvenirs. .