Turska lira

Turska lira, known as the Turkish lira, is the official currency of Turkey and the Turkish Republic of Northern Cyprus. It is abbreviated as TRY and is divided into 100 kuruş. The currency has undergone several changes throughout its history, including redenominations. The Turkish lira is managed and issued by the Central Bank of the Republic of Turkey (TCMB). It is used in domestic and international transactions and has experienced significant fluctuations in value due to economic conditions, inflation, and geopolitical factors. The Turkish lira is an essential component of Turkey’s economic framework, influencing trade, investment, and monetary policy in the region.