Turkish Lira

The Turkish lira (Currency sign: (until 1 March 2012: TL); Turkish: Türk lirası; ISO 4217: TRY) is the currency of Turkey and the Turkish Republic of Northern Cyprus (recognised only by Turkey). The Turkish lira is subdivided into 100 kuruş.

All obverse sides of current banknotes and reverse sides of current coins have portraits of Mustafa Kemal Atatürk. Historical banknotes from the second, third and fourth issues have portraits of İsmet İnönü on the obverse side. This change done according to 12 January 1926 dated official gazette and canceled by Democrat Party after World War II.

The monetary policy adopted to maintain price and financial stability by using required reserve ratios and interest rate corridor since recent global economic crisis, while industrial production decreased .

Read more about Turkish LiraCurrency Sign, Coins, Banknotes

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... between 1 January 2005 and 31 December 2008, the second Turkish lira was officially called "new Turkish lira" in Turkey. 1, 5, 10, 25 and 50 new (yeni) kuruş and 1 new (yeni) Turkish lira ... minted in brass and the 5, 10 and 25 new kuruş in cupro-nickel, whilst the 50 new kuruş and 1 new Turkish lira are bimetallic ...
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Revaluation Of The Turkish Lira - History
... of the chronic inflation experienced in Turkey from the 1970s through to the 1990s, the old lira experienced severe depreciation in value ... From an average of 9 lira per U.S ... dollar in the late 1960s, the currency came to trade at approximately 1.65 new lira per U.S ...
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... to be Istanbul's main financial district until the 1990s, when most Turkish banks began moving their headquarters to the modern central business districts ... The Turkish lira, which was pegged to the U.S ... At present, the Turkish banking sector is among the strongest and most expansive in East Europe, the Middle East and Central Asia ...

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