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Turkey's unit of currency is the Turkish
Lira (Türk Lirası).
In 2009 a new
series of banknotes (bills)
called "E9," with
strengthened anti-counterfeiting
features, was
introduced. The new notes are in
denominations of TL1, 5, 10, 20,
50 and 100 liras.
The lira
is divided into 100 Kurus (Kurus,
koo-ROOSH), with coins in
denominations of Kr1, 5, 10, 25 and
50 (Kurus) and TL1. More...
Here
are current Turkish Lira
exchange rates.
Although some large travel
expenses such as hotel rooms and
car rentals may be denominated in US
dollars or euros, they may also be
denominated and paid in Turkish
liras. Most other purchases
will be denominated, and should be
paid, in TL.
It's usually best to obtain
your Turkish liras in Turkey rather
than before you leave home, as the exchange
rates outside Turkey are usually
not as good as those inside the country.
It's easy to obtain liras while you
travel in Turkey by using your home
bank ATM card,
or exchanging cash US
dollars, euros or GB
pounds. More...
From 2005 through 2008, the Turkish
currency was called the New
Turkish Lira (Yeni
Türk Lirasi, YTL or
TRY). Both the 2005 series notes
and 2009 "E9" series
notes have the same value, but the
older YTL/TRY
banknotes are
being withdrawn from circulation
during 2009.
After December
31, 2009, the 2005
New Turkish Lira (YTL) notes
will no longer be accepted for payment,
but may be exchanged for the newer 2009-series
Turkish Lira notes at any branch
of the Central Bank of the Republic
of Turkey (TC Merkez Bankasi),
or TC Ziraat Bankasi.
The current
Turkish Lira is
equivalent to one million (old,
pre-2005) Turkish
Liras (TL). In other words, six
zeros were dropped from
the old TL in 2005 to make the YTL,
which is now—again—called simply "TL."
Old pre-2005 Turkish Liras
The YTL replaced
the old pre-2005 Türk Lirasi
(TL, TRL). Old
Turkish liras were withdrawn
from circulation during 2005.
Note that you should not accept pre-2005
Turkish Lira notes —the ones
with lots of zeros—any more. They
are no longer legal for payment.
Old
TL notes may now be
exchanged for 2009
TLs only at
Turkish Central Bank (TC Merkez
Bankasi) offices
or, in the absence of a Central
Bank office, at a TC Ziraat
Bankasi office, until December
31, 2016.
After December 31, 2016, old
TL notes and coins will no longer be legal tender
(ie, official currency). In other words,
they will be worthless except for their
curiosity or collectors' value.
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