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Singapore DollarThe currency of Turkey
Turkey
CurrencyTRY
The currency of Turkey is the Turkish lira (TRY), divided into 100 kuruş and issued by the Central Bank of the Republic of Türkiye. It floats freely: one lira costs ₹2.02 at our selling rate right now.
- Code
- TRY
- Symbol
- ₺TL
- Subunit
- 100 kuruş
- In use since
- 2005
What is the currency of Turkey?
The currency of Turkey is the Turkish lira, code TRY, written ₺ or TL. One lira is divided into 100 kuruş, and the Central Bank of the Republic of Türkiye issues the notes. The lira in use today began on 1 January 2005 as the New Turkish lira, when six zeros were removed, and it has been the plain Turkish lira again since 1 January 2009. It floats freely, so against the rupee it moves with the market: on 5 Oct 2026, one lira was worth about ₹2.02 at our selling rate. A quote in TRY currency always means this lira.
Turkish Lira at a glance
- Currency
- Turkish liraIn Turkish, Türk lirası
- Code
- TRYNumeric code 949
- Symbol
- ₺Also written TL
- Subunit
- 1 lira = 100 kuruşCoins run from 1 kuruş to ₺5
- Issuer
- CBRTCentral Bank of the Republic of Türkiye, or TCMB in Turkish
- Introduced
- 2005As the New Turkish lira; plain Turkish lira again from 2009
- Exchange rate
- FloatingFree-floating since 2001
- Used in
- Turkey
- Banknotes
- ₺5, ₺10, ₺20, ₺50, ₺100 and ₺200The E9 group, in use since 2009; the ₺200 is the highest note
- Coins
- 1, 5, 10, 25 and 50 kuruş, ₺1 and ₺5The 50 kuruş, ₺1 and ₺5 coins use two metals
Turkey currency notes and coins
Turkish money comes as six banknotes and seven coins. The notes are the E9 group, as the central bank calls the series issued from 1 January 2009, with the ₺200 as the highest. Atatürk is on the front of every note, and each back honours a different notable Turk. Each note is shown with what it costs in rupees at our selling rate today.
- Central Bank of TürkiyeFive lira₺5
Five lira ₺5
≈ ₹10.09 today- Colour
- Purple
- Front
- Atatürk
- Back
- Aydın Sayılı, with the solar system, an atom and Z-DNA
- Central Bank of TürkiyeTen lira₺10
Ten lira ₺10
≈ ₹20.19 today- Colour
- Red
- Front
- Atatürk
- Back
- Cahit Arf, with the Arf invariant, an arithmetic series, an abacus and binary
- Central Bank of TürkiyeTwenty lira₺20
Twenty lira ₺20
≈ ₹40.37 today- Colour
- Green
- Front
- Atatürk
- Back
- Mimar Kemaleddin, with the Gazi University building and an aqueduct
- Central Bank of TürkiyeFifty lira₺50
Fifty lira ₺50
≈ ₹100.93 today- Colour
- Orange
- Front
- Atatürk
- Back
- Fatma Aliye Topuz, with flowers and literary figures
- Central Bank of TürkiyeOne hundred lira₺100
One hundred lira ₺100
≈ ₹201.86 today- Colour
- Blue
- Front
- Atatürk
- Back
- Buhurizade Itri, with musical notes, instruments and a Mevlevi figure
- Central Bank of TürkiyeTwo hundred lira₺200
Two hundred lira ₺200
≈ ₹403.72 today- Colour
- Pink
- Front
- Atatürk
- Back
- Yunus Emre, with his mausoleum, a rose and a pigeon
Coins, in kuruş
The ₺1 coin shows a tulip, and the 50 kuruş coin shows the Bosphorus Bridge with the Istanbul skyline. The 50 kuruş, ₺1 and ₺5 coins are made of two metals.
- 11 kuruş
≈ ₹0.02 - 55 kuruş
≈ ₹0.10 - 1010 kuruş
≈ ₹0.20 - 2525 kuruş
≈ ₹0.50 - 5050 kuruş
≈ ₹1.01 - 11 lira
≈ ₹2.02 - 55 lira
≈ ₹10.09
Sources: Central Bank of the Republic of Türkiye, banknotes in circulation; colours and designs as listed in Wikipedia, "Turkish lira". Rupee values at our selling rate, 10:25 AM IST, 5 Oct 2026.
Six zeros removed
Ten thousand old lira make one kuruş
Divide by a million
The lira that lost six zeros
On 1 January 2005 Turkey took six zeros off its currency: one New Turkish lira replaced 1,000,000 old lira. A price quoted in millions of old lira is read by dividing by a million.
Six zeros come off
The New Turkish lira (YTL) replaces the old lira at 1 for 1,000,000, and one new lira is divided into 100 kuruş.
Old notes leave circulation
By the start of 2006 the old lira notes have stopped circulating, so the new notes are the only ones in use.
New is dropped
The word New goes and the name is the Turkish lira again. The E9 banknote group begins, with a new ₺200 note at the top.
Notes from ₺5 to ₺200
The lira is divided into 100 kuruş and the notes run from ₺5 to ₺200, so prices use far fewer digits than before 2005.
Sources: Central Bank of the Republic of Türkiye, "Banknotes of the Republic of Türkiye" and "Banknotes in Circulation"; Wikipedia, "Turkish lira".
A lira that floats free
The Turkish lira has no fixed rate: the market sets its price, so its price in rupees can change from one day to the next. Prices inside Turkey change often too, which is why a recent rate matters.
No fixed rate
The lira has been a free float since February 2001. The market sets its price against other currencies, and the rupee price moves with it.
Prices change often
Annual inflation in Turkey was 31.51 percent in August 2026, according to the central bank, using data from TurkStat. Prices change often, so check recent prices before you go.
Check the rate before you go
A rate from a few weeks ago may no longer hold. Look at the live rate close to your trip, and the desk confirms your exact rate before anything is booked.
One unit in rupees · our selling rate, 5 Oct 2026
The Turkish lira through the years
The lira became the main unit of account in 1844, and its name, notes and sign have changed along the way. What changed, in seven dated entries.
- EntryTurkey
The lira becomes the main unit
The lira becomes the main unit of account, with one lira divided into 100 kuruş.
- EntryTurkey
The first Turkish lira
The first Turkish lira takes over from the Ottoman lira.
- EntryTurkey
The first Republic banknotes
On 5 December the first banknotes of the Republic are issued, from ₺1 to ₺1,000, in Ottoman script with French denominations. They are printed abroad by Thomas De La Rue.
- EntryTurkey
The central bank starts work
The Central Bank of the Republic of Türkiye begins operations on 3 October, under a law passed on 11 June 1930.
- EntryTurkey
Six zeros come off
On 1 January the New Turkish lira replaces the old lira at 1 for 1,000,000. The old notes have stopped circulating by the start of 2006.
Six zeros off - EntryTurkey
Plain lira again
On 1 January the word New is dropped and the E9 banknote group begins, with a ₺200 note as the highest.
New notes - EntryTurkey
The ₺ sign
The ₺ sign is introduced in March, chosen from design entries sent to the central bank and then revised. Its anchor-like shape stands for confidence and its upward lines for steadily rising value.
New sign
Sources: Central Bank of the Republic of Türkiye, "Banknotes of the Republic of Türkiye", "Banknotes in Circulation" and "Turkish Lira Sign"; Wikipedia, "Turkish lira" and "Central Bank of the Republic of Türkiye".
Lira and rupees side by side
Worked out at our selling rate at 10:25 AM IST on 5 Oct 2026. For the live rate on any amount, use the TRY to INR or INR to TRY converter.
| You pay | You get |
|---|---|
| ₹5,000 | ₺ 2,477 |
| ₹10,000 | ₺ 4,954 |
| ₹25,000 | ₺ 12,385 |
| ₹50,000 | ₺ 24,770 |
| ₹1,00,000 | ₺ 49,539 |
| ₹2,00,000 | ₺ 99,079 |
| You buy | It costs |
|---|---|
| ₺ 100 | ₹201.86 |
| ₺ 500 | ₹1,009.30 |
| ₺ 1,000 | ₹2,018.60 |
| ₺ 2,500 | ₹5,046.50 |
| ₺ 5,000 | ₹10,093.00 |
| ₺ 10,000 | ₹20,186.00 |
Spending lira in Turkey
Three things about Turkish money that help on the first day.
Cards in cities, cash elsewhere
Visa and Mastercard are widely accepted in cities and tourist areas, and contactless works where cards are taken. Bazaars, small shops, rural areas and street vendors can be cash only, so carry some lira.
Visa · Mastercard · CashThe top note is ₺200
No note is worth more than ₺200, about ₹403.72 at our selling rate. A large cash payment can mean several notes, so it helps to know them by colour: the ₺100 is blue and the ₺200 is pink.
₺200 = ₹403.72Restaurant tips
The usual advice in restaurants is a tip of 10 to 15 percent of the bill.
10 to 15% of the billTaking lira from India
The Reserve Bank of India's rules apply to every currency, and the Turkish lira is no exception.
Up to the equivalent of USD 3,000 per trip can leave India as Turkish lira notes. The rest goes on a forex card or as a bank transfer.
Every resident can send up to USD 250,000 abroad each financial year under the Liberalised Remittance Scheme, travel included.
Tax collected at source applies once your foreign-exchange purchases in a financial year cross ₹10 lakh: nil when an education loan pays, 2% for self-funded education and medical treatment, and 20% for travel and everything else. It is credited against your income tax when you file.
Turkish lira is available on request. Send your amount and the desk confirms availability and your exact rate before anything is booked.
Check availability→Turkish lira questions
The questions people type about the Turkish lira, answered in full, in three groups.
The basics
8 questionsWhat is the currency of Turkey?
The currency of Turkey is the Turkish lira, code TRY, divided into 100 kuruş. In Turkish it is the Türk lirası, and the Central Bank of the Republic of Türkiye issues the banknotes.
What is the full form of TRY in currency?
TRY stands for Turkish Lira: TR is Turkey's country code, and the ISO 4217 numeric code is 949. That is the TRY full form and the TRY currency full form alike, whatever the English word try means elsewhere. The old lira had the code TRL, used before 2006.
What is the Turkish lira symbol?
The Turkish lira symbol, also called the Turkey currency symbol, is ₺, and prices are also written with TL. It was introduced in March 2012 and added to Unicode that year as U+20BA. The central bank says its anchor-like shape stands for confidence and its parallel lines for steadily rising value.
Turkey ki currency kya hai?
Turkey ki currency Turkish lira (TRY) hai. Ek lira mein 100 kuruş hote hain, aur 5 Oct 2026 ko ek lira lagbhag ₹2.02 ka tha, hamare selling rate par. Turkey ki currency ka symbol ₺ hai, jise TL bhi likhte hain.
What is the Turkey currency name?
The Turkey currency name is the Turkish lira, or Türk lirası in Turkish. It is also searched as Turkey currency, Turkish currency or TRY currency, and all of these mean the same lira. The hundredth part of a lira is called the kuruş.
How many kuruş make one Turkish lira?
One Turkish lira is 100 kuruş, so 50 kuruş is half a lira. The coins run from 1, 5, 10, 25 and 50 kuruş up to the ₺1 and ₺5 coins.
Who issues the Turkish lira?
The Central Bank of the Republic of Türkiye, known as the CBRT or TCMB, issues the banknotes. It began operations on 3 October 1931, under a law passed on 11 June 1930.
What is the New Turkish lira?
The New Turkish lira (YTL) was the lira from 1 January 2005, when six zeros were removed and one new lira replaced 1,000,000 old ones. The word New was dropped on 1 January 2009, so today's currency is simply the Turkish lira, code TRY.
Value and history
7 questionsIs the Turkish lira fixed or floating?
The lira floats: it has been a free float since February 2001, so the market sets its price and there is no fixed rate. The rate against the rupee changes through the day, so check a recent figure before you travel.
How many zeros did the Turkish lira lose in 2005?
Six. On 1 January 2005 one New Turkish lira replaced 1,000,000 old lira, so a price of 2,500,000 old lira became 2.50 new lira. The old notes had stopped circulating by the start of 2006.
Which Turkish banknotes are in use?
Six notes of the E9 group, issued since 1 January 2009: ₺5 (purple), ₺10 (red), ₺20 (green), ₺50 (orange), ₺100 (blue) and ₺200 (pink). There is no ₺1 note, because the ₺1 is a coin.
Who is on Turkish lira notes?
Atatürk is on the front of every note. The backs honour six notable Turks: Aydın Sayılı (₺5), Cahit Arf (₺10), Mimar Kemaleddin (₺20), Fatma Aliye Topuz (₺50), Buhurizade Itri (₺100) and Yunus Emre (₺200).
Are old Turkish lira notes still valid?
No, they are out of circulation. The old lira notes had stopped circulating by the start of 2006, and the E8 New lira notes ended on 1 January 2010, so the notes to use are the E9 group. The central bank accepted the old ones for exchange until 31 December 2015 and the E8 notes until 31 December 2019.
How fast do prices rise in Turkey?
Annual inflation was 31.51 percent in August 2026, according to the central bank, using data from TurkStat. Prices change often, so check recent prices and the rate before you go.
What is the highest Turkish lira note?
The ₺200, a pink note, is the highest in the current E9 group, and it first appeared on 1 January 2009. Its back shows Yunus Emre, his mausoleum, a rose and a pigeon.
Buying from India
2 questionsHow much Turkish currency can I take out of India?
Up to the equivalent of USD 3,000 per trip in currency notes. Anything above that goes on a forex card or as a bank transfer, all within the USD 250,000 a year Liberalised Remittance Scheme limit.
How do I get Turkish lira for a trip to Turkey?
Order them before you fly. Matrix Forex, an RBI-authorised Category-II dealer, arranges Turkish lira notes on request: send your amount through the booking bar at the top of this page and the desk confirms availability and your exact rate before anything is booked. For the live rate on any amount, see the TRY to INR converter.