Turkish Monetary Unit May 2026

The Ottoman Lira was introduced in 1844, replacing the piastre as the main unit.

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 turkish monetary unit

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 Ottoman Lira was introduced in 1844, replacing

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

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