Old Turkish Lira, is it still legal tender?

Question

I've found 2 million 5 hundred thousand Turkish Lira in a drawer but it is the currency before they took off some noughts. Anyone know if they can still be exchanged for sterling and what they are now worth?

Answer 1

You have a grand total of 2.50 turkish liras.

It's not that the old Turkish Lira notes are valueless. Rather, they're inconvenient: they may be exchanged for YTL only at Turkish Central Bank (TC Merkez Bankasi) offices or, in the absence of a Central Bank office, at a TC Ziraat Bankasi office, until December 31, 2016.

The New Turkish Lira (YTL: Yeni Türk Lirasi) was introduced on January 1, 2005, making the old Turkish Lira (Türk Lirasi, TL, TRL) notes obsolete.

YTL1.00 is equal to (old) TL1,000,000. In other words, a million old liras becomes one new lira.

Answer 2

If you could spend it it would be worth about £1.

You can exchange it at the central bank but it's probably got more value as a (future) collectible.

Answer 3

It wouldnt be worth it.  2.5 million lira was roughly 1-2 pounds before they joined the eu

Answer 4

GIVE to Charity