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Why has been a one- year concurrent circulation period stipulated in transition to YTL?

April 26, 2017circulation concurrent period stipulated year ytl

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Why has been a one- year concurrent circulation period stipulated in transition to YTL?

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One-year concurrent circulation has been stipulated in order to enable our citizens to convert their banknotes and coins into new ones at their convenience throughout 2005. Hence, there is no need for individuals to rush for the conversion, since the currency conversion process will be accomplished in its natural course.