The Turkish Lira exchange rates determine the value

The Turkish Lira exchange rates determine the value

The term "New Turkish Lira" has had its day. From January 1, 2010, the currency will only be called the "Turkish Lira", said central bank chief Durmus Yilmaz.

The "new" was introduced in the course of a currency reform in 2005, when six zeros were deleted from the lira, which was previously heavily inflationary. Durmus admitted that two out of three Turks do not yet know about the renewed renaming of the currency. A comprehensive information campaign is therefore to be launched in October, during which the new lira banknotes and coins will also be presented.

The conversion will cost the equivalent of around eleven million euros. According to press reports, the planned lira notes will no longer only show pictures of the state's founder Ataturk, but also pictures of Turkish scientists, poets and artists. With the return to the lira, a completely new banknote has also been introduced: the 200 lira note, which will be worth around 114 euros at the current rate (you can find the current exchange rates here).

Coins and banknotes in the lira bear no resemblance to other currencies; When the "New Lira" was introduced three years ago, it was criticized that the Lira coin was too similar to the 1 euro coin.

The Turkish Lira

The exchange rate of the Turkish lira fluctuates frequently, it is best to ask for the current data on site. Banks (Monday to Friday from 8:30 a.m. to 12:00 p.m. and 1:30 p.m. to 5:00 p.m.) and hotels exchange euro cash and euro traveler's checks. In hotels the rate is a little lower. Many hotels, shops, and fine restaurants accept all major credit cards.

There are now 750,000 credit card acceptance points and 11,000 ATMs. There are a total of 6 different banknotes and 6 different coins.

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