Turkey’s official currency is Turkish Lira (TL). Globally recognized credit cards are widely accepted, but it’s always a good idea to have Turkish Lira with you, especially to use a public bathroom, buy bottled water, etc. Although some tourist places allow you to pay with USD and Euros, you will always get a better deal if you pay in Turkish Lira.

The Turkish economy, which is seen among the world’s newly industrialized countries, has been defined as an emerging market economy by the International Monetary Fund (IMF). Turkey is the country with the 20th largest economy in the world by nominal GDP and the 11th largest economy in the world by PPP GDP. The Turkish lira (TL; ₺; TRY) is the official currency used in the Republic of Turkey and the Turkish Republic of Northern Cyprus. The printing activity of the Turkish lira is carried out by the Central Bank of the Republic of Turkey.

You can also find the most reliable currency information from the website of the Central Bank of the Republic of Turkey. The official currency of Turkey, the Turkish lira (₺/TRY), is composed of different denominations of bills and coins. The lowest bill is 5 Turkish liras, and the highest bill is 200 Turkish lira, whereas; the lowest coin is 1 kuruş, and the highest coin is 1 lira (100 kuruş). Whereas foreign currencies are accepted in some places, the only Turkish lira is accepted in most of the country.

There are a variety of payment methods that are used in Turkey. However, cash is predominantly used throughout the country, especially in small businesses. While credit cards, debit cards, and other payment methods are becoming prevalent throughout the country, carrying cash with you is essential. We will share current currency information and some tips about I...

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