The Turkish lira (Currency sign: (until 1 March 2012: TL); Turkish: Türk lirası; ISO 4217: TRY) is the currency of Turkey and the Turkish Republic of Northern Cyprus (recognised by only Turkey). The Turkish lira is subdivided into 100 kuruş.
All obverse sides of current banknotes and reverse sides of current coins have portraits of Mustafa Kemal Atatürk. Historical banknotes from the second, third and fourth issues have portraits of İsmet İnönü o...
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The Turkish lira (Currency sign: (until 1 March 2012: TL); Turkish: Türk lirası; ISO 4217: TRY) is the currency of Turkey and the Turkish Republic of Northern Cyprus (recognised by only Turkey). The Turkish lira is subdivided into 100 kuruş.
All obverse sides of current banknotes and reverse sides of current coins have portraits of Mustafa Kemal Atatürk. Historical banknotes from the second, third and fourth issues have portraits of İsmet İnönü on the obverse side. This change done according to 12 January 1926 dated official gazette and canceled by Democrat Party after World War II.
Ottoman lira unofficially used by Turkey until the Turkish lira started circulating.
After periods pegged to the British pound and the French franc, a peg of 2.8 Turkish lira = 1 U.S. dollar was adopted in 1946 and maintained until 1960, when the currency was devalued to 9 Turkish lira = 1 dollar. From 1970, a series of hard, then soft pegs to the dollar operated as the value of the Turkish lira began...
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