Turkish Monetary Unit May 2026

The Ottoman Lira was introduced in 1844, replacing the piastre as the main unit.

The Lira is the official currency of both Turkey and the Turkish Republic of Northern Cyprus. It is issued by the Central Bank of the Republic of Turkey . Key Features turkish monetary unit

The Lira has experienced significant volatility in recent years. You can track real-time rates on platforms like XE.com or Google Finance . ISO Code: TRY (formerly TRL before the 2005 revaluation). The Ottoman Lira was introduced in 1844, replacing

The E9 Emission Group, featuring portraits of Mustafa Kemal Atatürk on the obverse. Banknote Denominations: 5, 10, 20, 50, 100, and 200 Lira. Coin Denominations: 1, 5, 10, 25, 50 kuruş, and 1 Lira. Historical Evolution Key Features The Lira has experienced significant volatility

The primary Turkish monetary unit is the . It has a long history, evolving from the Ottoman Empire to the modern Republic, and is subdivided into 100 kuruş . The Turkish Lira (TRY)

Due to high inflation, Turkey dropped six zeros from its currency. For a period, it was called the Yeni Türk Lirası (New Turkish Lira).