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TRY – Turkish Lira

May 31, 2017/ merchant_currency / Currency

Turkish Lira Overview

The Turkish Lira is the currency of Turkey.The currency code for Lira is TRY, and the currency symbol is TRY. You can easily convert here any currency at Merchant Stronghold.

The Turkish monetary unit (Türk Lirası – TL) was introduced in 1844 and was the currency of Turkey till 2005. That year Turkey switched to the New Turkish monetary unit (Yeni Türk Lirası – YTL, or additional formally TRY). They born six zeros of the recent banknotes and introduced new banknotes and coins. As you’ll be able to see additional down, they’re monetary unit look-alikes however sadly price a little less. And in 2009, the currency modified once more to the Turkish lira ( TL).

Turkish Lira Currency
Because of chronic inflation in Turkey from the Nineteen Seventies to the Nineteen Nineties, the Lira depreciated greatly in price.

In the previous few years, the lira has stabilized and even up against the North American country greenback and therefore the monetary unit.

The Lira had fell in price to such AN extent that, before the 2005 assessment, one original gold Lira coin was valued about one hundred twenty,000,000 Lira.

Central Bank of the Republic of Turkey.

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