| On the 1st of January 2005, the new Turkish Lira (TRY) was introduced and from January 1 2006, the old Turkish Lira (TL) was withdrawn from circulation. Now it will only be possible to exchange old Turkish Lira for New Turkish Lira from the Central Bank till 31st December 2015. There are TRY100, 50, 20, 10, 5 and 1denomination notes in circulation. Coins are circulated in denominations of TRY1, 50, 25, 10, 5 and 1 New Kuru (Ykr). 1YTL=1,000,000TL. $1.00=YTL 1.35 and 1 pound=YTL 2.39. |