TURKISH CURRENCY

Turkey's currency is the New Turkish Lira (Yeni Türk Lirasi) simbolized as YTL. Introduced on January 1, 2005 to replace the old Turkish Lira dropping six zeros from it. The changeover to New Turkish Lira was necessary both for the prospective positive effects on the Turkish currency reputation and for technical reasons.
The New Turkish Lira is equivalent to 1,000,000 Turkish old lira, divided into 100 new kurus.

The denominations for YTL banknotes are: 1, 5, 10, 20, 50, 100.

The denominations for coins are 1, 5, 10, 25, 50 New Cent and 1 YTL. The sub-unit of YTL is YKr (Yeni Kurus) and 1 YTL = 100 YKr.

As a recommendation avoid carrying large bills/notes for small payments, some people do not accept them, and be careful with old notes with six zeros because they are no longer legal for payments.