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Last updated : Nov 2009
Turkey Currency
Turkey Currency and Bank information - TravelPuppy.com
The New Turkish Lira (TRY) was introduced on January 1 2005 and both this and the old Turkish Lira (TL) will be in circulation throughout 2005. The old Turkish Lira will be withdrawn from circulation from January 1 2006. After this it will only be possible to exchange old Turkish Lira for New Turkish Lira at the Central Bank for a period of 10 years.

1YTL = 1,000,000TL (ie the new currency has six less zeros than the old currency).

New Turkish Lira (TRY). Notes are in denominations of TRY100, 50, 20, 10, 5 and 1. Coins are in denominations of TRY1 and 50, 25, 10, 5 and 1 New Kuruº (Ykr).

Old Turkish Lira (TL). Notes are in denominations of TL20,000,000, 10,000,000, 5,000,000, 1,000,000, 500,000, 250,000 and 100,000. Coins are in denominations of TL250,000, 100,000, 50,000, 25,000, 10,000 and 5000.

Currency exchange

All exchange certificates and purchase receipts must be hold on to, to prove that legally exchanged currency was used. Money and travellers cheques can be exchanged at all PTT branches. Many UK banks offer differing rates of exchange depending on denominations of Turkish currency being bought or sold. Check with banks for details and current rates.

Credit & debit cards

American Express, Diners Club, MasterCard and Visa are accepted. Check with your credit or debit card company for details of merchant acceptability and other services which may be available.

Travellers cheques

Travellers cheques can be cashed right away upon proof of identity. On the other hand, it may take several days to cash cheques from private accounts. To avoid additional exchange rate charges, travellers are advised to take travellers cheques in Pounds Sterling or US Dollars.

Exchange rate indicators

The following figures should be perceived as a guide to the movements of the New Taiwan Dollar against the US Dollar and UK Pounds Sterling:
 
Date Nov’07
UK£1.00=
2.46
US$1.00=
1.17
 
Currency restrictions

There are no limitations on the import of local or foreign currency, though visitors bringing in a large amount of foreign currency should declare it, and have it specified in their passport upon arrival to avoid difficulties on departure. No more than the equivalent of US$5000 in local currency may be exported. Foreign currency may be exported up to US$5000, but no more than the amount imported and declared.

Banking hours

Monday-Friday 0830-1200 and 1330-1700.
Useful travel links
MasterCard ATM Locator Location of any ATM that accepts MasterCard
Oanda International Currency and foreign exchange services
VISA ATM Locator Location of any ATM that accepts VISA cards