Turkey was keeping up with the silver standard in 1844-1916 and the gold standard until 1931. Lira's rate was tied to SDR since 1978. From the 1980ies Turkey had experienced heavy inflation, and the monetary reform didn't take place until 2005, when the new lira was introduced, at the rate of 1.000.000 old lira for 1 new lira. 1 lira equals 100 kurush.