The Central Bank of the Republic of Turkey issued Turkish Old Lira banknotes in 15 different denominations, including this 20000000 Turkish Old Lira banknote (7th emission group 1970). They are part of the obsolete Old Turkish Lira banknotes series. The Central Bank of the Republic of Turkey started issuing these 20000000 Turkish Old Lira banknotes in 2001. They were withdrawn from circulation in 2006.
This yirmi milyon turk lirasi note depicts the image of Mustafa Kemal Ataturk. On the paper banknote a caption reads ‘Turkiye Cumhuriyet Merkez Bankasi’. The value of a twenty Million old Turkish Lira banknote is very low as a result of a decade of hyperinflation in Turkey. Six zeroes were dropped and this banknote was replaced by a banknote of 20 new Turkish lira in 2005.