The Central Bank of the Republic of Turkey issued Turkish Old Lira banknotes in 15 different denominations, including this 1000000 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 1000000 Turkish Old Lira banknotes in 2002. They were withdrawn from circulation in 2006.

The banknote of bir milyon turk lirasi shows the image of Turkey’s first president, Atatürk. The paper note contains the words ‘Turkiye Cumhuriyet Merkez Bankasi’. The value of a 1,000,000 old Turkish Lira banknote is very low as a result of prolonged hyperinflation in Turkey. Six zeroes were dropped and this banknote was replaced by a banknote of 1 new Turkish Lira in 2005.