Turkish Lira

In 2009, Turkey changed its currency from the New Turkish Lira (YTL) to the Turkish Lira (TRY), dropping the word 'new'. The lira banknotes in use today are those issued since 2009 by the Ankara-based Central Bank of the Republic of Turkey. These banknotes belong to the 9th Emission Group. They are a valid means of payment in Turkey and Northern Cyprus. We exchange modern Turkish lira banknotes free of charge. We also give cash for withdrawn Turkish lira banknotes, Turkish Lira coins and obsolete Old Turkish lira banknotes.

The current set of coins in Turkey is issued since 2009 by the Turkish State Mint, based in Istanbul. The kuruş is the subunit of the lira: 100 kuruş is the equivalent of 1 Turkish lira. Banks and bureaux de change outside Turkey do not exchange Turkish Lira coins. At Leftover Currency we exchange Turkish Lira coins for cash. We also exchange Turkish Lira banknotes, withdrawn Turkish Lira banknotes and obsolete Old Lira banknotes. If you have Turkish Lira coins from before 2009, read more in our blog article about the value of the old 1000 Turkish Lira coin and other old Turkish coins.

In 2005, after many years of hyperinflation, Turkey changed its currency from the Old Turkish Lira (TRL) to the New Turkish Lira (YTL), at a rate of 1 Million old Lira to 1 new Lira. The new Lira banknotes had a similar design to the old Lira banknotes, but six zeroes were dropped. In 2009, Turkey changed its currency again, from the New Turkish Lira (YTL) to the Turkish Lira (TRY), dropping the word ‘new’. The New Turkish Lira (YTL) banknotes that circulated between 2005 and 2008 are no longer a valid means of payment in the Republic of Turkey. We exchange all YTL withdrawn Turkish Lira banknotes free of charge. We also give cash for Old Turkish Lira (TRL), Turkish Lira coins and current Turkish Lira (TRY) banknotes.