For the Chinese, too much money always brings inconvenience, and the large face value of Turkish Lira may make us dumbfounded. The smallest denomination of Turkish banknotes is 1,000 lire, and the largest is 50 million lire! Why use such a large number? A Turkish man said, half jokingly and half seriously: "The higher the face value, the more you will feel rich."

A large face value does not necessarily mean you are rich. At the beginning of last year, 1 U.S. dollar was equivalent to about 690,000 lira. On February 22 this year, after the Turkish government announced that it would give up exchange control on the lira, it has devalued to 1.1 million lira per US dollar, and may continue to depreciate.

In this case, people complained. When going to the bank to exchange US dollars for local currency, many people have to carry the money in their suitcases. The Turkish government is under pressure and is considering a variety of countermeasures. The Central Bank of Turkey came up with a new idea to revamp the Turkish currency, which is to cross out the six "0"s after the "1" on the 1 million Turkish lira currency, so that 1 Turkish lira is equivalent to 1 U.S. dollar. For this plan to be implemented, the denominations of the local currency must be revised, because the current denominations of the local currency are 1,000, 2,500, 5,000, 10,000, 25,000, 50,000, 1 million, and up to 50 million.

Some experts analyze that there is really no other way for the Turkish government to adopt this strategy. The purpose of the Turkish government is to try to prevent the Turkish currency from continuing to depreciate and enhance people's confidence in the Turkish currency. But what the effect will be is difficult to predict now. Because the superficial reason for the depreciation of the Turkish currency is that the Turkish government gives up exchange rate control, the real reason is still the economic downturn. In addition, official corruption, structural shortcomings in the economy and financial industry, etc. are also important reasons for the depreciation of the Turkish currency.

In addition to planning to revise its currency, the Turkish government is also seeking support from the outside world, the most important ones being the support of the International Monetary Fund and the Group of Seven Western Countries (G7). At present, the International Monetary Fund and the G7 Group are in a dilemma regarding Türkiye's policies. Turkey is a member of NATO. Currency depreciation affects the country's stability and is bound to bring trouble to other NATO members led by the United States. Therefore, the United States and other Western countries do want to help the soil out of their own interests. On the other hand, the United States and other Western countries still want to suppress the soil and continue to reform the financial system, but they are afraid of causing major social unrest. Therefore, Mr. Stanley Fischer, the first deputy general manager of the International Monetary Fund, only said in principle at an internal meeting recently: "Turkey deserves the support of the international community.