Turkish Liras & Money in Turkey. A unique symbol was introduced by the Turkish Central Bank to denote the Turkish Lira. Banknotes are in denominations of TL1 (rare), 5, 10, 20, 50, 100 and 200 liras. The lira is divided into 100 Kuruş (koo-ROOSH), with coins in denominations of Kr 1 (rare), 5, 10, 25 and 50 (Kuruş).

What type of money does Turkey use?

Turkish lira
Turkey/Currencies
The Turkish New Lira (TRY) is the national currency of Turkey. Turkey has experienced high inflation rates compared to peer countries. The currency has been revalued several times in order to deal with inflation.

How much is a 1000000 old Turkish lira worth?

The value of a 1,000,000 old Turkish Lira banknote is very low as a result of prolonged hyperinflation in Turkey. Six zeroes were dropped and this banknote was replaced by a banknote of 1 new Turkish Lira in 2005. Do you have a 1000000 Turkish Old Lira banknote (7th emission group 1970)?

When did the Turkish lira replace the US dollar?

The Turkish Lira (TRL) is obsolete. It was replaced with the New Turkish Lira (TRY) on January 1, 2005. One TRY is equivalent to 1000000 TRL. This Old Turkish Lira and United States Dollar convertor is up to date with exchange rates from April 9, 2020. Enter the amount to be converted in the box to the left of Old Turkish Lira.

What was the value of 1 million lira in 2005?

Following many years of hyperinflation, the value of the Turkish lira was so low that a scoop of ice cream in Antalya costed more than one Million Turkish lira. In 2005, the Turkish government decided to introduce a new currency: The New Turkish Lira. Six zeroes were dropped: 1 Million old lira became 1 new lira.

What are the denominations of the Turkish old lira?

The Central Bank of the Republic of Turkey issued Turkish Old Lira banknotes in 15 different denominations, including this 100000 Turkish Old Lira banknote (7th emission group 1970). They are part of the obsolete Old Turkish Lira banknotes series.