Turkey Currency Guide

Currency

Turkey uses the Turkish Lira as currency. After a long stint of rampant inflation, the Turkish Lira is stable and Yeni Turk Lirasi (translating to the ‘new’ Turkish Lira) was introduced in 2005 to 2008 as an anti-inflation measure, however this currency is no longer valid.

ATM

You’ll find ATMs all over Turkish cities, airports and in small towns too. You can use your MasterCard, Visa, Cirrus and Maestro card in the machines. Most machines will allow you to choose your language so you can read the English instructions.

Cash

In Turkey, it’s always a good idea to keep some cash on you. It’s standard to bargain with most purchases and cash is always happily accepted. Look out for people handing Yeni Turk Lirasi or the ‘new’ Turkish Lira over to you, as it is no longer valid. Euros and US Dollars are the most commonly accepted currencies for exchange in Turkey. You might find it difficult to exchange your Australian Dollars in Turkey, so pre-purchase Turkish Lira from Travel Money Oz before you fly. You can change money at banks, exchange booths, hotels and some post offices in Turkey.

Credit Card

For large purchases, it’s a good idea to bring a credit card with you on your holiday to Turkey instead of carrying a lot of cash. If you don’t have a credit card, consider a debit credit card that allows you to access your savings account and the local currency from ATMs and wherever credit cards are accepted. Just a little tip though, if you book an airfare or hire car with a credit card, you may have to show the card in person too, so make sure you have your own card for bookings.