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Friday, April 29, 2005

turkey drops its turkeys...

turkey has finally decided to drop six zeroes from their currency. what a relief for all the poor tourists (like myself) that had to quickly count when paying the taxi 20million lira and avoid getting ripped off (as i was!).

At midnight on New Year’s eve, Turkey will cease to be the land of millionaires and billionaires.

That is when the government drops six zeroes from the national currency and Turkey loses the dubious distinction of being the country with the largest denomination in circulation, the 20,000,000 lira, worth only about $15.

[…]For many Turks, the new money will simply end the confusion of dealing in a currency in which the smallest coin in general circulation is the 50,000 and a short taxi ride can set you back 5-10m.

for anyone who's not been there you really have to experience being a billionaire for free (who needs hard work anyway?)


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