Turkish Monetary Unit Apr 2026

Due to high inflation, Turkey dropped six zeros from its currency. For a period, it was called the Yeni Türk Lirası (New Turkish Lira).

₺ (The double cross-bar represents the bridge between Europe and Asia). Subunit: 1 kuruş (100 kuruş = 1 Lira). turkish monetary unit

The Lira has experienced significant volatility in recent years. You can track real-time rates on platforms like XE.com or Google Finance . ISO Code: TRY (formerly TRL before the 2005 revaluation). Due to high inflation, Turkey dropped six zeros

The "New" prefix was removed, returning to the simple "Turkish Lira." Global Context Due to high inflation

The Ottoman Lira was introduced in 1844, replacing the piastre as the main unit.

The currency has undergone significant changes to address economic shifts: