The first Turkish Lira (TRY) was introduced after replacing the Ottoman Lira on the 5th of December 1927. The first Turkish currency features one of Turkish capital’s oldest sights and some may say Turkeys most significant piece of history, the Citadel of Ankara. In 1995, the beautiful 1,000,000 Turkish Lira was circulated featuring Mustafa Kemal Atatürk, also known as Mustafa Kemal Pasa. Born in 1881, Atatürk was a reformer, author and revolutionary statesman who became the first president of the Republic of Turkey. Because the first Lira was eliminated by excessive inflation, the Grand National Assembly of Turkey passed a law that allowed the re-denomination by the removal of six zeros from the Turkish currency in 2005. This created the new Turkish Lira (Yeni Türk lirası). Banknotes were then launched in denominations of 1, 5, 10, 20, 50, and 100 new Turkish currency.