What is the truth behind the 20 TL coin?
The 20 TL coin, also known as the Turkish lira coin, is a legal tender in Turkey. It was introduced in 2009 as part of a series of new coins and banknotes to replace the old currency. The coin is made of a bi-metallic composition, with a silver-colored outer ring and a gold-colored inner core. It has a diameter of 24.5 mm and weighs 8.5 grams.
The design of the 20 TL coin features the portrait of Mustafa Kemal Atatürk, the founder of modern Turkey, on the obverse side. Atatürk’s name is inscribed in both Turkish and English, along with the years of his birth and death. The reverse side of the coin depicts a stylized representation of the Turkish flag, with the denomination “20 TL” written below it.
The introduction of the 20 TL coin was aimed at improving the efficiency of cash transactions and reducing the cost of producing and handling banknotes. The coin has a higher durability compared to paper money, which tends to wear out quickly. It also helps to alleviate the problem of counterfeit currency, as coins are more difficult to replicate than banknotes.
The value of the 20 TL coin is equivalent to 20 Turkish lira, which is the official currency of Turkey. The Turkish lira is subdivided into 100 kuruş, but due to inflation and the decreasing value of the currency, kuruş coins are rarely used in daily transactions. Instead, prices are rounded to the nearest lira.
The 20 TL coin is widely accepted and used in various transactions throughout Turkey. It is commonly used for small purchases, such as buying snacks, paying for public transportation, or tipping service providers. However, due to its relatively high value compared to smaller denominations, it is not as commonly used as the 1 TL or 5 TL coins.
Despite its practicality, the 20 TL coin has also become a popular collector’s item among numismatists and coin enthusiasts. Many people enjoy collecting coins as a hobby, and the unique design and historical significance of the 20 TL coin make it an attractive addition to their collections.
In conclusion, the 20 TL coin is a legal tender in Turkey, introduced in 2009 as part of a new series of coins and banknotes. It features the portrait of Mustafa Kemal Atatürk on the obverse side and a stylized representation of the Turkish flag on the reverse side. The coin is widely accepted and used in daily transactions, and it also holds value as a collector’s item.
