Turkish Monetary Unit < Complete · 2025 >

The "New" prefix was removed, returning to the simple "Turkish Lira." Global Context

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). turkish monetary unit

The currency has undergone significant changes to address economic shifts: The "New" prefix was removed, returning to the

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 The currency has undergone significant changes to address

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)

₺ (The double cross-bar represents the bridge between Europe and Asia). Subunit: 1 kuruş (100 kuruş = 1 Lira).

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