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Turkish lira Currency | Turkey currency | TRY
Turkish lira Currency:
Turkish lira is the official currency of Turkey and the self-declared Turkish Republic of Northern Cyprus. It is subdivided into 100 kurus. The first currency of the Republic of Turkey came out in December 1927. Shortly thereafter, the legislature approved the creation of a national bank to oversee currency production. In 1979, the six-zero banknotes came into circulation and went until 2002.
The Grand National Assembly of Turkey passed a law in December 2003 that allowed for redenomination by the removal of six zeros from the Turkish lira, and the creation of a new currency. It was introduced on 1 January 2005, replacing the previous Turkish lira (which remained valid in circulation until the end of 2005) at a rate of 1 second Turkish lira = 1,000,000 first Turkish lira.
Between January 2005 and December 2008 in the transition period, the second Turkish lira was officially called Yeni Türk Lirası (New Turkish lira). It was officially abbreviated "YTL" and subdivided into 100 new kuruş (yeni kuruş). Starting in January 2009, the "new" marking was removed from the second Turkish lira, its official name becoming just "Turkish lira" again, abbreviated "TL".
Turkish Lira (Turkey):
1⁄100 = Kuruş
₺5, ₺10, ₺20, ₺50, ₺100, ₺200
5kr, 10kr, 25kr, 50kr, ₺1, 1kr
Northern Cyprus (Recognised only by Turkey)
Central Bank of the Republic of Turkey
Most traded currencies:
Turkish lira (TRY)