Q:

What currency is used in Turkey?

A:

Quick Answer

The primary form of currency used in Turkey is the Turkish lira. One lira can be further divided into 100 kurus. As of July 2014, one U.S. dollar was worth about 2.09 lira.

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What currency is used in Turkey?
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Full Answer

Turkish currency is issued in both paper notes and coinage. Paper notes come in denominations of 5, 10, 20, 50, 100 and 200 lira, while coins are issued in denominations of 1 lira and 1, 5, 10, 25 and 50 kurus. According to Lonely Planet, Turkey has historically had high inflation rates, reaching up to 77.5 percent during the 1990s. After 2008 the currency stabilized, with an inflation rate in 2014 of around 9 percent.


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