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 Lira is the official currency of both Turkey and the Turkish Republic of Northern Cyprus. It is issued by the Central Bank of the Republic of Turkey . Key Features

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

Turkish Monetary Unit May 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 Lira is the official currency of both Turkey and the Turkish Republic of Northern Cyprus. It is issued by the Central Bank of the Republic of Turkey . Key Features turkish monetary unit

The Ottoman Lira was introduced in 1844, replacing the piastre as the main unit. Due to high inflation, Turkey dropped six zeros