by Emre Ozkiper One of the most frequently asked questions is "which currency shall i use in Istanbul?" or "do i need to exchange Euros/Dollars with Turkish Liras?". The answer is YES,you need to exchange your currency with Turkish Lira. Local currency of Turkey Turkey is not a member of the European Union and the local currency is Turkish Lira.After 2005,Turkish government decided to drop 6 zeroes from Turkish Lira-TL and named it Yeni Türk Lirası-YTL (New Turkish Lira) in order to improve Turkish economy and reestablish it. Starting from 1st of January 2009, Central Bank of Republic of Turkey started to monetize Turkish Lira again instead of New Turkish Lira and gave public 2 years of time to change the notes they have in their savings.So why am i writing these? As in every country,tourists are the main targets to scam in everyway.If you want to prevent "out of circluation money scam" try to make your exchange in central exchange offices ...
Turkey travel planning. Vacation in Turkey