Turkey currency regulation new Turkish lira

Currency Regulation

There is no limit on the amount of foreign currency that may be brought into Turkey, but not more than 5,000$ worth of Turkish currency may be brought into or taken out of the country.

Exchange slips: The exchange slips for the conversion of foreign currency into Turkish lira should be kept, since you may be required to show these when reconverting your Turkish lira back into foreign currency, and when taking souvenirs out of the country (to prove that they have been purchased with legally exchanged foreign currency).

The new Turkish Lira

Since the beginning of 2005 Turkey delete  six zero from the old Turkish lira TL , that become the new Turkish Lira YTL. (In Turkish "yeni turk lirasi" or YTL).

Start of January 01, 2005 one million Turkish Lira (1.000.000 TRL) is equivalent to one New Turkish Lira (1 YTL).

One New Turkish Lira (YTL) is equivalent to 100 New Kuru‏ (100 YKR).
10.000.000 TL and 10 YTL have the same purchasing power.

Both of the old TL and YTL will be used for period of one year.

In January 1, 2006, until December 31, 2016, old TL notes will no longer be accepted, and could be exchanged for YTL only at Turkish Central Bank offices or, in the absence of a Central Bank office.

After December 31, 2016, the old TL notes (paper money) and coins will no longer be legal.

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