This has been registered from 1999-2004 as well. The abbreviation for this currency is TL. The first Turkish Lira was introduced back in 1923. The source of this money is located in the Central Bank in the Republic of Turkey. A law was passed in December of 2003, and this removed six zeros from the Turkish Lira. Now, this currency is now known as "Yeni Turk Lirasi" which translates in English to "New Turkish Lira". The ISO 4217 code is TRY. The new currency sign for the New Turkish Lira was introduced in 2012 which reflects (in English)a lower case "t" with two diagonal lines across the body instead of just one. The currency sign was picked post contest that was held across the country. The coins for the system for the New Turkish Lira is very similar to the US currency system. The coin system includes 1,5,10,25,50 and 100 kurus coins. The Bills system is a little different. The New Turkish Lira bills include (by value) 1,5,10,20,50,100 and 200. As of now, the New Turkish Lira is no longer the last ranking currency in the world for value and now is number 16 in the world.