The Turkish lira is the legal tender in Turkey, a currency which has suffered many devaluation processes all along its history. Proof of this is that the Guinness Book of Records classified it as the world’s least valued currency on two occasions: between 1995 and 1996, and from 1999 to 2004.

Origins and history

The Turkish lira was introduced for the first time as the official currency of Turkey in 1844. It replaced the kurus which was in circulation at the time and became a subdivision of the lira

From 1844 to 1881 the lira was based on two systems: it was worth 6.61519 grams of pure gold or 99.8292 grams of pure silver, but from 1881 to 1914 the gold standard was adopted. During the First World War Turkey abandoned the gold standard and the lira went on losing value until 1920.

After various periods of fixation to the pound sterling and the French franc, in 1946 the lira was fixed to the US dollar on an exchange rate of TRL 2.80 = USD 1, a parity maintained until 1960, when the currency was devalued to 9 liras to a dollar. After 1970 the lira continued losing value on a long succession of exchange rates.

As a consequence of Turkey’s chronic inflation from the 1970s to the 1990s, the lira suffered a severe devaluation. The ottoman country had high inflation rates compared to other developing countries, but had never suffered hyperinflation yet.

In the last years the Turkish lira managed to stabilize and even gain some value compared to the dollar or the euro. The Guinness Book of Records classified the Turkish lira as the world’s third less valued currency from 1995 to 1996, and again from 1999 to 2004. In 2005, after another devaluation of the Turkish lira, the New Turkish lira was issued, which was in circulation until 1 January 2009, when it was again renamed as “Turkish lira”.


Current Turkish lira Coins and Banknotes

Currently there are 5, 10, 20, 50, 100 and 200 lira banknotes and 1, 5, 10, 25 and 50 kurus coins (100 kurus make up one lira) and 1 lira coins.

1 lira turca

Click here for more information on the security of Turkish lira banknotes and coins. (Interesting facts of the new Turkish lira). 

Imágenes de los billetes de la lira turca.  


Interesting facts of the new Turkish lira

  • The banknotes of 5 and 50 liras are very similar.
  • The name “lira” was first used by the Ottoman Empire, in 1844.
  • The new banknotes show the picture of Mustafa Kemal Atatürk, the founder of the Republic of Turkey, and the reverse, depending on the note’s denomination, you may see the İshak Paşa Palace near Doğubeyazıt, in Ephesus, Cappadocia, the map of Piri Reis, The Mausoleum of Atatürk and the Atatürk Reservoir dam, which was part of the GAP National Hydraulic Project in Şanlıurfa.
  • The 1 lira coin has a diameter of 26.15 millimetres and a thickness of 1.95 millimetres, and a weight of 8.5 grams, dimensions similar to those of a 2 euro coin.





Date of creation:



Central Bank of the Republic of Turkey.

Online money order

Online money order: best price guarantee

Make your order online, choose home delivery or collect it at the airport.

Order your money
Your best rate

Cookie settings

In order to provide you with a better browsing experience in the domain and sub-domains of Global Exchange Group companies, we use technical, analytical and personalisation cookies (our own and third-party) that help us improve your browsing experience, protect your privacy and tailor our websites to your preferences. You can accept all cookies by clicking “Accept” or configure or reject them by clicking on “Configure and reject cookies”. For more information, please refer to our Cookie Policy.

Cookie settings panel

This is the advanced settings tool for our own and third-party cookies. You can use it to change the settings that directly affect your browsing experience. You can accept or reject all cookies or, after changing the settings shown, confirm your preferences by clicking on the buttons provided.

Technical cookies (always active):

These cookies allow the user to browse through a website, platform or application and to use different options or services available on these, such as, for example, how to monitor traffic and data communication, log into a session, access sections of restricted access, record items in an order, process a purchase order, submit a subscription request and use security features during browsing. These cookies cannot be rejected as they are required for the web portal to function.

Analytical or measurement cookies:

These are used to analyse users’ browsing habits, to optimise functionalities and for the technical and operational maintenance of the Global Exchange Group’s websites, and to guarantee the best possible service.
They will never be used to show personalised advertising or to record user preferences other than the session, the technological profile of the device used, the website access point, the browsing activity and the search terms used.

Personalisation or preference cookies:

These allow us to specify or personalise some features of the general user settings on the Website; specifically, a user’s preferred language, the type of browser used or the user’s preferred video volume options.
If these cookies are not accepted, some of our services will not function properly.

Why change currency with us rather than your bank

    Global Exchange Global Exchange   Your Bank
Currencies available   70. We are specialists   Only major currencies. This is a peripheral service for them and they always try to give you dollars. 
Availability of currency   Always ready, immediately, in our branches at the airport.   Banks order currency and have to await delivery.
Expenses   The margin of is lower than that offered at the airport.   The bank has its own margin and adds a commission.
Currency divided in different denominations.   Of course! We care about you and your needs while you travel abroad.   No. Prepare for refusals and complaints in foreign languages when paying with «big» banknotes
Delivery options   On your door, in just 48 to 72 hours (free delivery for orders over €300) or collect it yourself at the airport, on your journey. All ease and comfort!   You must visit your bank at least twice, and wait meanwhile for your money to arrive.
Anything else?   Yes: order online at the airport and you can earn Iberia Plus Avios or Air Europa SUMA Miles.   Avi-what? What Miles do you refer to? No sir! This is a bank, not an airline company!

What currency do you have?



What currency do you need?



1 EUR = 0.967282 USD / 1 USD = 1.033824 EUR

Order currency

Get your travel money online at the best value