Turkish Money - Currency Used in Turkey

So what currency is used in Turkey? The official Turkish money (currency) is the Turkish lira (TL), with one Turkish lira divided into 100 kurush. Historically the name "lira" is derived from the Latin word Libra. As for the Turkish lira denominations there are coins in denominations of 1, 5, 10, 25, 50 kurush, and 1 lira. The coin of 1 kurush is not being used anymore. Banknotes of Turkish money are available in denominations of 5 lira, 10 lira, 20 lira, 50 lira, 100 lira and 200 lira.

Turkish banks in Fethiye are open from 09:00 until 17:00 with a midday break usually between 12:30 until 13:30. Banks in Turkey are closed on Saturday and Sunday. Money in Turkey can be exchanged at almost any bank in Turkey, and in addition there are many small currency exchange offices (doviz) in Fethiye, Oludeniz and Hisaronu where money can be exchanged with varied opening times (usually they open from 8.30 till 18.30 without lunch break). The current excgange rates in doviz offices can be found here.

Tourists often wonder what money to take to Tutkey. We must admit that many stores and shops (other than supermarkets) accept the following currencies - Turkish money, GB pounds, US dollars, Euros and sometimes even Russian ruble’s so it is not a problem to taking almost any money to Turkey - you can easily exchange them to money used in Turkey. There are a large number of ATM machines available 24 hours a day predominately located close to stores and shops. ATM machines can be easily found in Fethiye, Oludeniz and Hisaronu, almost all of them accept foreign credit cards, all machines have English interface and you can withdraw Turkish lira as well as other major currencies.

Traveller’s checks are also accepted in all Fethiye banks.