What type of money is used in Turkey?

June 2024 · 4 minute read

Turkey is a beautiful country known for its rich history, stunning landscapes, and bustling markets. If you’re planning a trip to this enchanting destination, one question you may have is: What type of money is used in Turkey?

The official currency of Turkey is the Turkish lira, represented by the symbol ₺ and the ISO code TRY. The lira is subdivided into 100 kuruş and comes in both coins and banknotes. As of 2021, 1 USD is approximately equivalent to 8 Turkish lira.

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FAQs about the currency used in Turkey

1. Can I use foreign currency in Turkey?

While some businesses may accept foreign currency, it is best to exchange your money for Turkish lira to avoid potential issues with exchange rates or acceptance.

2. Where can I exchange money in Turkey?

You can exchange money at banks, exchange offices (döviz bürosu), and some hotels. Just make sure to compare rates and fees before making any transactions.

3. Are credit cards widely accepted in Turkey?

Credit cards are widely accepted in major cities and tourist areas. However, it’s a good idea to carry some cash for smaller transactions or in rural areas.

4. Is it customary to tip in Turkey?

Tipping is generally expected in Turkey, especially in restaurants and for services like taxis. A tip of around 10-15% is customary.

5. Are ATMs readily available in Turkey?

ATMs are widely available in cities and tourist areas, making it convenient to withdraw Turkish lira using your debit or credit card.

6. Can I use traveler’s checks in Turkey?

While traveler’s checks are less commonly used today, some exchange offices may still accept them. However, it’s best to rely on cash and cards for your transactions.

7. What is the best way to budget for a trip to Turkey?

It’s recommended to have a mix of cash, credit cards, and debit cards for your trip to Turkey. Check with your bank about any international fees or restrictions.

8. Should I exchange money at the airport in Turkey?

While it’s convenient to exchange money at the airport, rates may not be as favorable as in the city. Consider exchanging a small amount for immediate needs and then find a better rate in town.

9. Can I haggle over prices in Turkey?

Haggling is common in Turkey, especially in markets and bazaars. It’s part of the culture, so feel free to negotiate for the best prices.

10. Is it safe to carry cash in Turkey?

While Turkey is generally a safe country for tourists, it’s wise to take precautions with your money. Use a money belt or hidden pouch to keep your cash secure.

11. What should I do with leftover Turkish lira before leaving Turkey?

You can exchange your leftover Turkish lira back to your home currency at banks or exchange offices, though rates may not be as favorable as when exchanging to lira.

12. Can I use my mobile payment apps in Turkey?

Some businesses in Turkey may accept mobile payment apps like Apple Pay or Google Pay, especially in larger cities. Check with the merchant beforehand to see if this option is available.

In conclusion, the Turkish lira is the official currency of Turkey and is widely used for transactions throughout the country. By familiarizing yourself with the currency and knowing where and how to exchange money, you can ensure a smooth and enjoyable experience during your visit to Turkey.

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