Turkish Lira is the official tender of Turkey and Northern Cyprus. It is subdivided into 100 kuruş and abbreviated as TL. The modern TRY has been circulating since 2009 after its redenomination in 2005 when 6 zeros were eliminated. Throughout its history, the Turkish Lira was pegged to different major currencies such as US Dollar and British Pound Sterling. However, nowadays there is no clear peg. It’s possible to meet TRY as banknotes in denominations of 5, 10, 20, 50, 100, and 200 as well as coins of 1, 5, 10, 25, and 50 kurus, plus 1 lira coin.
TRY stands for the official currency of Turkey called the Turkish Lira. In 2005 Turkey conducted a devaluation of its official tender, so the modern TRY started to circulate in 2009. It is subdivided into 100 kuruş and exists in the form of banknotes and coins.
5, 10, 20, 50, 100, 200
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