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The unit of Turkish money is
the Turkish Lira (Türk
Lirasi, TL). On
January 1, 2009, new
banknotes were introduced. More...
From January 1, 2005 until December
31, 2008,
Turkey's currency was called the New
Turkish Lira (Yeni Türk Lirasi, YTL
or TRY). As of January 1, 2009, the
"New" (Yeni) has
been dropped. The currency is again
simply the Turkish Lira.
Here's
the current exchange rate
for the Turkish Lira.
It's best to wait until you get to
Turkey to exchange money for Turkish
Liras. Exchange
rates outside of Turkey are usually
not as good as those inside Turkey.
The Turkish
Lira
is divided into 100
kurus (kurush; that's
koo-ROOSH). Here's
how the new 2009 notes/bills look.
Although you can sometimes use foreign
currencies (euros are
best, US
dollars are good, UK
pounds sterling are
accepted in some places) for larger
transactions, and using non-Turkish
currency is legal, you will want to
use
TL most
of the time.
The
easiest way to get cash liras is
to stick your home bank card or credit
card into a Turkish
ATM (bancomat/cashpoint, cash
machine). Travelers'
checks are a much less efficient
way.
You
can exchange foreign-currency
cash at a Currency
Exchange Office (Döviz
Bürosu).
The best currencies to
carry for changing to TL are,
again, euros,
US dollars, and UK
pounds.
Many
people in Turkey will not accept
large bills/notes for small payments,
so it's good to juggle your TL cash-on-hand
so that
you always have some smaller amounts.
Get in the habit of paying with bills/notes
that are about equal to
twice the amount you're
paying (so pay for a TL23
meal with a TL50
note, which gives you TL27
in change). If you give notes that
are three times or more than the
price, you're liable to get a dirty
look and a request for smaller notes.
Old
pre-2005 Turkish Lira notes and coins have
been withdrawn from circulation. TL1.00
is equal to (old, pre-2005) TL1,000,000.
In other words, a million old liras
equals one new lira, but you
should not accept old pre-2005 liras! More...
A
century ago, one Ottoman Turkish
lira was worth US$5 (and that
$5 was worth about $100 in today's
dollars).
Hotel Paphos If you want great value for money, consider a hotel in Paphos. Click for info.
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A
sample
TL50
note from the 2009
series. "ÖRNEKTIR
GEÇMEZ" means "Specimen.
Not negotiable." |
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