For the first time visitors, utilizing money
in a new country is always a daunting task. The less knowledge about prices,
notes, money and coins that are not familiar to us, even the most frequent travelers
However, relax and take a deep breath because
it isn’t as difficult as it seems. The ideal news is those days are long gone
when money in Turkey had six different notes
and nobody uses that stuff anymore.
Currency changing apps quickly assist us to
see precisely how much we pay and after some days, familiarity means you will
be using the ATMs quickly.
What Currency is Used in Turkey?
The national currency of Turkey is Turkish
lira, which has the symbol ₺, and the acronym is TRY. In Turkey, the new
Turkish lira is referred to as YTL and the old Turkish lira was replaced in
2005. You may also seem some of the shops using TL.
What are the Values of Turkish
Lira Notes and Coins?
The note denominations include 100, 200, 5,
10, 20 and 50 lira. Coins are called Kurus and come in denominations of 1, 5,
10, 25 and 50. Also, there is a 1 Turkish lira and that is also the coin.
Can you use Foreign Money in
Yes, you certainly can. In all the holiday
destinations, restaurants, bars, and shop will take most international
currencies including dollar and euro. The only exception to this is the
Scottish notes which are hardly accepted in Turkey. Keep in mind, the
conversion rate won’t work in your favor, so be smart and change your money
into Turkish lira at the start of your holiday.
Using ATM Machines in Turkey
You can utilize your foreign debit and credit
cards in most of the ATM machines all over Turkey. Make sure that before you leave your home
country; inform your bank that you are visiting Turkey, so this will avoid any
security concerns they might be having.
Also, ask them about the international ATM fee
charges. Unless your bank has already an existing agreement, there might be
small charges you need to pay.
Tips for Using Money in Turkey
- So after some days, you will get a hang of using the Turkish lira, but that doesn’t mean you should be all happy and satisfied because sometimes this may lead to potential scams.
- When eating out at a bar or restaurant always check your billed items and never accept any drinks or eatables from strangers.
- When you are using a taxi ask them to use their meters and also make sure you keep change so they don’t ask for change.
- Its important to choose the best neighborhood to Settle in Turkey. Some cities like Istanbul can get expansive than usual. So, it is important to select the best location whenever you have a chance of living in turkey.