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The Old Turkish Lira was inflating at an astronomical rate such that it would take 1.7 million Old Turkish Lira for $1.00 USD. As a result, Turkey revalued the Lira at 1M Old Lira to 1 New Lira.

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Q: Why did the Turkish currency change?
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Related questions

What is the currency of Turkey?

The currency used in Ankara is the same as the currency used all around Turkey. It is called the "Turkish Lira". Because the currency recently experienced a revaluation and it is now called the "New Turkish Lira".The currency in Turkey is the Turkish lira.


Does the country Turkey use money?

Sure. Turkish Lira is the currency of Turkey


What is the unit of currency in Turkey?

Turkey's monetary unit is TL (Turkish Lira) Its currency: 1.00TL=2,36$ per a year~


Do Turks call their currency the euro?

No.The currency of Turkey is the Turkish Lira.


what currency is used by turkey?

The Turkish Lira.


What is the turkey's money currency?

Turkish Lira


What currency do they use in Antalya?

Turkish Lyra


What the name of the Turkish currency?

Current issue Turkish banknotes have the currency as Yeni Turk Lirasi, which means "New Turkish Lira". This distinguishes modern, devalued notes from the pre-2005 high-value Turk Lirasi (Turkish Lira).


Where can you change this 100000 bir milyon turk lirasi?

Need to go to a bank that deals with foreign currency. However, it is likely that the money you are holding is Old Turkish Lira (since there are no bills for 100,000 New Turkish Lira). If this is the case, your currency is defunct and worthy only as a keepsake.


Lira is the currency of which country?

The new Turkish Lira is the currency of Turkey Ashwin Hendre


What money do they use in Turkey?

The Turkish Lira is used in Istanbul and in Turkey.


What was the old currency of cyprus?

The old currency of Cyprus is the Cyprus Pound. The new currency is the Euro. :)