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Current exchange rates. See also. References. Further reading. External links. Turkish lira. The lira ( Turkish: Türk lirası; sign: ₺; ISO 4217 code: TRY; [1] abbreviation: TL) is the official currency of Turkey and Northern Cyprus, as well as one of the two currencies used in northern Syria under the country's interim government. [2] .
History. Because of the chronic inflation experienced in Turkey from the 1970s through to the 1990s, the old lira experienced severe depreciation. Turkey has had high inflation rates compared to developed countries and suffered hyperinflation.
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What happened to Turkish lira?
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What is the new Turkish lira (Yeni Türk liras)?
Current uses. Turkey. Lebanon and Syria. Historic use. Italy. Former currencies named lira. See also. Further reading. References. External links. Lira. Coordinates: 2°14′N 32°54′E. Lira is the name of several currency units. It is the current currency of Turkey and also the local name of the currencies of Lebanon and of Syria.
Since 2009. From 1 January 2009, the "new" was removed from the second Turkish lira, its official name in Turkey becoming just "Turkish lira" again; new coins without the word "yeni" were introduced in denominations of 1kr., 5kr., 10kr., 25kr., 50kr. and TL 1. Also, the inner and outer alloys of the 50kr. and TL 1 coins were reversed. Money portal.
Image(obverse)Image(reverse)Value (kuruş)Technical Parameters(thickness (mm))1kr.16.51.3590% copper 10% zinc5kr.17.51.6565% copper 6% nickel 29% zinc10kr.18.51.6565% copper 6% nickel 29% zinc25kr.20.51.6560% copper 14% nickel 26% zincThe Turkish economic crisis ( Turkish: Türkiye ekonomik krizi) is a financial and economic crisis in Turkey. [1] . It is characterized by the Turkish lira (TRY) plunging in value, high inflation, rising borrowing costs, and correspondingly rising loan defaults.
The Turkish lira sign (symbol: ₺; image: ₺) is the currency symbol used for the Turkish lira, the official currency of Turkey and Northern Cyprus. It serves as a visual identifier for the lira in written and printed documents, as well as in digital communications. The design was presented to the public on March 1, 2012.
Its capital of 25.000 Turkish liras are divided into 250.000 shares. Per the Central Bank Law of Turkey, these shares are divided into four classes: Class A shares are allocated solely to the Turkish Ministry of Finance and Treasury. Class B shares are allocated to national banks operating in Turkey.
