After December 31, 2016, old TL notes and coins will no longer be legal tender (ie, official currency). In other words, they will be worthless except for their curiosity or collectors’ value. Until 2005, you had to deal with all those zeros. With the 2009-series Turkish Lira, it’s much simpler now.

What was the Turkish lira rate in 2016?

Average exchange rate in 2016: 0.3317 USD. Worst exchange rate: 0.2822 USD on 04 Dec 2016.

When did Turkey revalue its currency?

2005
First introduced in early 2005, the Turkish new lira was equivalent to one million of the old Turkish lira. During revaluation in 2005, a new law removed the last six zeros from the value of the currency.1 The TRY printed its ninth issue in 2009.

What’s the exchange rate for the Turkish old lira?

Turkish Old Lira. Exchange yours now. The Turkish Old Lira (TRL) was the currency of Turkey from 1923 to 2005, when it was replaced by the New Turkish Lira (YTL) at a rate of 1 Million old Lira per 1 new Lira.

When was the old lira replaced by the new lira?

The Turkish Old Lira (TRL) was the currency of Turkey from 1923 to 2005, when it was replaced by the New Turkish Lira (YTL) at a rate of 1 Million old Lira per 1 new Lira.

When did the Turkish lira change to Kurush?

The new Turkish lira ( Turkish: Yeni Türk Lirası) was the currency of Turkey and the de facto independent state of the Turkish Republic of Northern Cyprus between 1 January 2005 and 31 December 2008 which was a transition period for the removal of six zeroes from the currency. The new lira was subdivided into 100 new kurush ( yeni kuruş ).

Can you change your lira to TLS in Turkey?

The last few years, the Turkish currency stabilized and even rose against the US Dollar and the Euro. But it is still preferred not to change your money to TLs prior to your arrival in Turkey. The old Turkish lira remained in circulation until the end of 2005, but is now no longer valid and thus worthless.