The now old New Turkish lira banknotes are set to be withdrawn from circulation as of Friday, January 1, 2010, they will be replaced with Turkish lira and kurus again. Turkey switched to the New Turkish lira on January 1, 2005, as part of drive to reduce inflation in the country, which has dropped six zeros from their banknotes. The New Turkish lira banknotes will be redeemed for a period of ten years starting from January 1, 2010 till December 31, 2019 at the branches of the Central Bank of the Republic of Turkey. The New Turkish lira banknotes will be worthless as of January 1, 2020. AA Share this: Di̇ğer Haberler Turkey Summons US Ambassador Over Washington Clash US President Visits Jerusalem's Western Wall Erdogan Urges More Cooperation Among Black Sea States Turkey, Russia Agree to Remove Restrictions on Trade Turkey: 642 PKK Terrorists Neutralized Since January Israel-Palestine Trip Tests Trump's 'Ultimate Deal'