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The official currency of Turkey is the Turkish Lira (TL), managed by the Central Bank of the Republic of Turkey, and is crucial for daily transactions. Travelers can obtain Turkish Lira through local banks, which offer better exchange rates than airports or hotels. The official currency of Turkey is the Turkish Lira , abbreviated as TRY or symbolized as ₺. The lira has been Turkey’s currency since 1923, replacing the Ottoman lira following the establishment of the Republic of Turkey. The lira (Turkish: Türk lirası; sign: ₺; ISO 4217 code: TRY; [1] abbreviation: TL) is the official currency of Turkey. It is also legal tender in the de facto state of the Turkish Republic of Northern Cyprus. The common currency of Turkey is the Turkish lira (TRY), a central part of the financial system with a complex history. Throughout this guide, we will explore the history of the currency, its current form and denominations, and some practical tips for its usage in your travels.
