what currency does turkey use
What currency does Turkey use?
Answer:
Turkey uses the Turkish lira (TRY) as its official currency. The Turkish lira is abbreviated as ₺ and it comes in various denominations, such as banknotes of 5, 10, 20, 50, 100, and coins of 1, 5, 10, 25, and 50 kurush. The use of the Turkish lira is mandated by the Central Bank of the Republic of Turkey. It is widely accepted in all sectors of the economy, including businesses, restaurants, markets, and tourist establishments.
The currency is also available in exchange offices, banks, and ATMs throughout the country, making it convenient for both locals and tourists to access Turkish lira. It’s important to note that other major currencies such as the US dollar, Euro, and British Pound may also be accepted in some tourist areas, hotels, and larger stores, but it is always advisable to have Turkish lira for day-to-day purchases.
As with any currency, it is recommended to check the exchange rates before converting your money to Turkish lira, as rates may vary slightly between different outlets. It is also worth noting that carrying large amounts of cash should be done with caution, and it is advisable to keep valuables and funds in a secure place such as a hotel safe or a travel card for added security.
Overall, the Turkish lira is the official currency of Turkey and is widely used in day-to-day transactions throughout the country.