In Turkey, no more 4 million lira lattes

"At midnight on New Year's Eve, Turkey ceased to be the land of the millionaires and billionaires.

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

"The Turkish lira has been like funny money … and now at least in cosmetic terms it will look like a real currency," said Tevfik Aksoy, chief economist in Turkey for Deutsche Bank."

St. Paul Pioneer Press | 01/03/2005 | In Turkey, no more 4 million lira lattes