Turkey’s unit of money is the Turkish Lira (Türk Lirası), abbreviated TLTRY, or utilizing the special Turkish lira symbol (₺). Here’s the full story…

Turkish Lira symbol

Here are current Turkish Lira exchange rates.

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Old Liras, new Liras

From 2005 through 2008, the Turkish currency was called th New Turkish Lira (Yeni Türk Lirası, YTL or TRY).

In 2009 a new collection of banknotes(bills) called “E9,” with strengthened anti-counterfeiting features, to be introduced.

Both the 2005 collection notes and also 2009 “E9” collection notes had the same value, however the older YTL/TRY banknotes were withdrawn from circulation throughout 2009.

As that December 31, 2009, the 2005 new Turkish Lira (YTL) notes are no longer welcomed for payment, but may be exchanged for the newer 2009-series Turkish Lira notes at any branch that the central Bank of the Republic the Turkey (TC Merkez Bankası), or TC Ziraat Bankası.

The current Turkish Lira is equivalent to one million (old, pre-2005) Turkish Liras (TL). In various other words, six zeros were dropped from the old TL in 2005 to do the YTL, i beg your pardon is now—again—called just “TL.”

Old pre-2005 Turkish Liras

The YTL replaced the old pre-2005 Türk Lirası (TL, TRL). Old Turkish liras were withdrawn from circulationduring 2005.

Note that you have to not accept pre-2005 Turkish Lira notes —the ones with lots of zeros—any more. They are no longer legal because that payment. That old 1 million TL note won’t also buy girlfriend a cup of Turkish coffee.

Old TL notes may now be exchanged for 2009 TLs only in ~ Turkish central Bank (TC Merkez Bankası) offices or, in the lack of a main Bank office, in ~ a TC Ziraat Bankası office, until December 31, 2016.

LeftoverCurrency.com says it will buy these old note from you. More…

Cash4Coins.co.uk will exchange her leftover Turkish lira coins and notes because that GBP (UK pounds sterling) by mail. More…

After December 31, 2016, old TL notes and also coins will no much longer be legal tender (ie, main currency). In various other words, they will be worthless except for their curiosity or collectors’ value.

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Until 2005, you had actually to resolve all those zeros.With the 2009-series Turkish Lira, it’s much simpler now.

Counterfeit Turkish Lira Notes

Besides out-of-date Turkish lira notes, you might encounter counterfeit Turkish lira notes, too as fake united state dollar and euro notes. Here’s just how to recognize. Them. More…