Monetary reform in Turkey and the policy of deletion of zeros from the lira | ||
| magazine of college Administration&Economics for economic &administration & financial studies | ||
| Article 1, Volume 174, Issue 19, December 2016, Pages 48-69 | ||
| Abstract | ||
| Abstract Monetary Reform is the most important step of the process of economic reform and the redenomination (deletion of zeros) is the important part in the process of monetary reform, The Turkish experience of the latest experiments and most distinguished being built on the success of inflation targeting , and that by adjusting the nominal value of Turkish currency without prejudice to the true value. Turkey has worked to delete six zeros from its currency (lira). The timing of this action commensurate with the macroeconomic stability . Perhaps one of the most important findings of this research is that the selection of the appropriate time in the process of redenomination or the deletion of zeros is very important and essential. | ||
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