BY TALIP AKTAS
TRY 152bn, or 50% of TRY 307bn banknotes, which have been in circulation as of July, consisted of TRY 200 banknotes, according to the Central Bank. The share of TRY 100 and TRY 200 in the amount of money in circulation reached 90% and their share rose to 58% in the total number of banknotes. TRY 200’s share showed the highest increase in the total amount and amount of money in circulation in January 2010July 2022. Its share rose from 16% to 49.5% in total amount and increased from 3.3% to 22.2% in total number. TRY 50’s share showed the highest decrease in the total number of money in circulation in the same period. Its share declined from 23.4% to 13.5% in number and from 29% to 8% in the total value of money. TRY 20 showed the most dramatic share loss in the total amount of money in circulation in the same period. Its share fell from 6.6% to 1.7% in total amount and declined by 50% to 7.4% in the total number of notes. Meanwhile, a basket, which was filled with products for TRY 200 in January 2009, was filled with the same products for six TRY 200 banknotes, four TRY 10 banknotes, and one TRY 5 banknote (with TRY 1 change) in July 2022. USD 70.1 was bought for TRY 100 in October 2010. Only USD 5.5 was bought for TRY 100 at the end of August 2022.