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Turkey - Money
Currency & Money
New Turkish Lira (TRY; symbol YTL) = 100 New Kurus (Ykr). Notes are in denominations of YTL200, 100, 50, 20, 10 and 5. Coins are in denominations of YTL1 and 50, 25, 10, 5 and 1 New Kurus.
Visa is the most popular, closely followed by MasterCard. American Express is accepted in top-flight hotels, restaurants and some gift shops. ATMs are widely found in most areas. In all smaller restaurants, bars, guesthouses and shops cash is preferred. Many establishments in resort areas will accept Euros.
ATMs are easily found in most urban areas. As with all transactions be careful with your card, taking care to keep it in sight, and be discreet with cash.
Traveller's cheques can only be exchanged in banks. To avoid additional exchange rate charges, travellers are advised to take traveller's cheques in Pounds Sterling, Euros or US Dollars. Credit cards are far more convenient.
Mon-Fri 0830-1200 and 1330-1700. Some banks in tourist areas and large cities are open daily. Cash can be exchanged in currency exchange offices (döviz bürosu) in all major cities and towns. Banks charge commission.
There are no restrictions on the import or export of local. The import and export of foreign currency exceeding US$5,000 must be declared.
Cash can usually be exchanged commission free in currency exchange offices (döviz bürosu). Banks usually charge commission. Traveller's cheques can only be exchanged in banks with a passport. Travellers planning to exchange currency back from Turkish Lira to their own country before leaving Turkey, or those making a major purchase which may need to be declared to customs, must retain transaction receipts to prove that the currency was legally exchanged.
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