Can you still use Turkish lira?

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.

Is it better to get Turkish lira in Turkey or UK?

It’s usually best to obtain your Turkish liras in Turkey rather than before you leave home, as the exchange rates outside Turkey are usually not as good as those inside the country. The easiest way to get cash liras is to stick your home bank card or credit card into a Turkish ATM (bancomat/cashpoint, cash machine).

Is the Euro accepted in Turkey?

The Euro is widely accepted as currency in Turkey in tourist areas. However, the rate that you will be given will likely be much worse than the actual value of the Euro, which means that you will lose a lot of money by paying in Euros in Turkey. Always pay in the local currency – Turkish Lira.

Can I use euros in Turkey?

However, in order to answer the question, can you spend Euros in Turkey, the answer is yes. As Turkey is very closely linked with Europe the Euro currency is accepted in the country by many traders and therefore it can be spent in the country as part of your holiday spending money if you have spare Euros to spend.

What currency is accepted in Turkey?

Turkish lira
Turkey/Currencies
The currency in Turkey is the Turkish Lira. ATMs are widely available in major cities and tourist areas. You can get local currency from banks and exchange bureaus, known as DOVIZ in Turkish. As of 13 October 2021, Turkish banks will no longer accept the old style £20 and £50 sterling banknotes.

Is it better to use lira or euro in Turkey?

The currency of Turkey is the Lira. However, even if you do run out of Lira, you’ll find many shops, restaurants and other venues in tourist destinations that will accept Euros, although it’s always best to have local currency with you in any case.

What is happening to the Turkish lira?

The Turkish Lira has been on a turbulent ride the last few years, gripping Turks and emerging economies with a financial interest in the country, falling by 42\% since the beginning of 2018 alone.

What is the economic outlook for Turkey and the Turkish lira?

Whilst the economic outlook for Turkey and the Turkish Lira is uncertain on paper, it is still not chaotic enough for the most negative of predictions. Turkish Lira is set to remain volatile and rises and falls are to be expected throughout the rest of 2019.

Are investors still interested in Turkey?

According to Deloitte, investors interest in Turkish businesses remains strong with 12 billion USD of deals completed in the last year, up 17\% on the previous year – most of these deals coming from foreign investors. Turkey’s Trade Deficit has been decreasing since summer 2018.