High inflation created the need for large denomination paper money
According to the current data of the Central Bank, as of the end of 2022, the number of 200 TL banknotes in circulation increased by 104 percent in the last year, reaching 967 million.
Due to high inflation, the large increase in the payment amounts related to shopping revealed the need for especially large denomination paper money. CHP Spokesperson Faik Öztrak also emphasized in his statement last month that the current purchasing power of 200 TL, which was put into circulation at the beginning of 2009, has decreased to 29 liras. According to the news in Cumhuriyet, the latest status of the coins in circulation is as follows:
According to the data announced by the Central Bank, as of the end of December 2022, the number of “200 TL” banknotes in circulation increased by 104 percent compared to the end of 2021, reaching 966 million 978 thousand.
In addition, “100 TL” banknotes increased by 7 percent to 1 billion 176 million 729 thousand units, “50 TL” banknotes increased by 1 percent to 409 million 562 thousand units, “20 TL” banknotes decreased by 18 percent to 211 million 205 thousand units, “10 TL” banknotes increased by 44 percent to 423 million 514 thousand units, and “5 TL” banknotes increased by 13 percent to 358 million 560 thousand units.
Compared to 2021, the total number of “1 TL” coins in circulation increased by 15 percent to 3 billion 261 million. In addition, the number of “50 kuruş” increased by 13 percent to 1 billion 377 million units, “25 kuruş” increased by 8 percent to 1 billion 729 million units, “10 kuruş” increased by 3 percent to 2 billion 351 million units, “5 kuruş” increased to 2 billion units by 3 percent. 366 million units and “1 kuruş” increased by 1 percent to 341.2 million units.
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