How long will current banknotes and coins be in circulation?
Current banknotes and coins will be in circulation until the end of 2005. Throughout 2005, Turkish Lira and New Turkish Lira banknotes and coins will concurrently be in circulation for one year. Turkish Lira banknotes will be withdrawn from circulation as of January 1st. Nevertheless, these can be converted into new banknotes solely by the Central Bank (or by T.C. Ziraat Bankas?, where a Central Bank branch is not available) for a period of 10 years (throughout the limitation period) starting from the related date.
