What currency can I use in Turkey?
The official currency of Turkey is the Turkish Lira, denoted by the symbol "TRY" or "₺". Most shops and businesses in Turkey will prefer to be paid in Lira, and you will generally get the best exchange rates by using Lira. However, Euros are also widely accepted in tourist areas, and some shops may even display their prices in Euros. While it is possible to pay with Euros in some places, you may not always get the best exchange rate. It is always best to check with the shop before making a purchase to see what currency they prefer.
It’s the Turkish Lira, which was first introduced in 1844
What are the different denominations of Turkish lira?
The Turkish lira comes in both banknote and coin denominations:
• Banknotes: 5 lira, 10 lira, 20 lira, 50 lira, 100 lira, and 200 lira.
• Coins: 1 kuruş, 5 kuruş, 10 kuruş, 25 kuruş, 50 kuruş, and 1 lira (100 kuruş equals 1 lira).
It's important to note that while 100 and 200 lira banknotes exist, they are rarely used and may not be accepted by all businesses. It's recommended to carry smaller denominations for everyday transactions.
Is the Turkish lira used anywhere else?
The Turkish lira is primarily used in two locations:
1. Turkey: This is the official currency of the country.
2. Turkish Republic of Northern Cyprus: This self-declared state, recognized only by Turkey, also uses the Turkish lira.
There is limited use of the lira in northern Syria under the control of the Turkish-backed Syrian Interim Government, but the US dollar is also widely accepted there.
Therefore, the Turkish lira is not commonly used outside of these specific regions.
What is the exchange rate for Turkish lira?
The Turkish Lira is a volatile currency. For the latest rates see our Turkey currency page.
