Turkish Lira (TRY) Profile | Currency Converter

Currency name

Turkish lira TRY converter to world currencies »

Currency code

TRY

Currency symbol

Turkish lira symbol

Subunit

1/100, Kuruş (symbol: kr)

Coins freq used

1lira, 5 kr, 10 kr, 25 kr, 50 kr

Coins rarely used

1 kr

Banknotes freq used

5 liras, 10 liras, 20 liras, 50 liras

Banknotes rarely used

100 liras,200 liras

Central bank

Central Bank of the Republic of Turkey (www.tcmb.gov.tr)

Currency users

Turkey , Northern Cyprus

Currency notes

1.Nicknames: Kağıt, Mangır, Papel
2.plural of lira: lire or liras

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Currency user list

Northern Cyprus

Turkish lira users

The Turkish lira is the currency of Turkey and the Turkish Republic of Northern Cyprus (Northern Cyprus or North Cyprus), which declared independence from Cyprus (officially the Republic of Cyprus) in 1974 and is only recognized by Turkey internationally. Nicosia is the capital of both Northern Cyprus and the Republic of Cyprus. The Republic of Cyprus is a member of the European Union and has adopted the euro as its official currency.

Turkey has a unique geographical location as it straddles both Asia and Europe. A small part of Turkey is situated in southeastern Europe, while major parts occupy all of the Asia Minor Peninsula. Turkey's accession process to become a member of the European Union is considered to be the longest. It has been an associate member of the European Economic Community since 1963 and joined the European Union Customs Union (EUCU) in 1995. Turkey applied to accede to the European Union in 1987 and was recognized as a candidate for full membership in December 1999. The accession negotiations started in October 2005.

Turkish Lira History

The Turkish lira (currency code: TRY) was introduced on January 1, 2005, replacing the previous Turkish lira at a rate of 1 TRY lira = 1,000,000 previous Turkish lira (currency code: TRL).

During the transitional period from January 1, 2005, to December 31, 2008, the newly introduced Turkish lira was officially called the New Turkish lira (officially abbreviated as "YTL"), which was subdivided into 100 new kurus. Eventually, from January 1, 2009, the "new" was removed, and its official name became the Turkish lira (currency code: TRY) again.

Turkish Lira Coins and Banknotes

The Turkish lira is subdivided into 100 kuruş, and its currency symbol is ₺.

Since 2009, the Turkish lira (TRY) has issued the "E-9 Emission Group" of coins and banknotes. Coins currently in circulation are 1kr, 5kr, 10kr, 25kr, 50kr, and 1 lira. Banknotes currently in circulation are 5, 10, 20, 50, 100, and 200 lira.