Turkish Monetary Unit May 2026

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

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

в‚є (The double cross-bar represents the bridge between Europe and Asia). Subunit: 1 kuruЕџ (100 kuruЕџ = 1 Lira). turkish monetary 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

Due to high inflation, Turkey dropped six zeros from its currency. For a period, it was called the Yeni TГјrk LirasД± (New Turkish Lira). The "New" prefix was removed, returning to the

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 kuruЕџ . The Turkish Lira (TRY)

The E9 Emission Group, featuring portraits of Mustafa Kemal AtatГјrk on the obverse. Banknote Denominations: 5, 10, 20, 50, 100, and 200 Lira. Coin Denominations: 1, 5, 10, 25, 50 kuruЕџ, and 1 Lira. Historical Evolution The Lira is the official currency of both

The currency has undergone significant changes to address economic shifts: