Turkish Monetary Unit 🚀

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

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 currency has undergone significant changes to address economic shifts: The "New" prefix was removed, returning to the

The primary Turkish monetary unit is the . It has a long history, evolving from the Ottoman Empire to the modern Republic, and is subdivided into 100 kuruş . The Turkish Lira (TRY) It has a long history, evolving from the

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