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Written by Administrator
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Monday, 20 October 2008 |
| North Cyprus Information on Currency | Can I spend Sterling or do I need Turkish Lira?
The Local Currency for Northern Cyprus is YTL (New Turkish Lira) though you will find that all major currencies are accepted, likewise are major credit cards and travellers’ cheques. Although it must be your choice, it maybe a good idea for you to wait until you arrive in North Cyprus before exchanging money. The exchange rate fluctuates daily so by doing this you can check the daily rate of exchange being offered by banks, exchange bureaus and hotels. The majority of businesses are happy to accept Sterling, US Dollar, Euro and Cyprus Pounds and Credit Cards | | Along with Turkish Lira, Sterling and Dollars are widely accepted in North Cyprus |
The lira is subdivided into 100 kuruş. The symbol for Turkish Lira is TL From January 1, 2005 until December 31, 2008, Turkey's currency was called the New Turkish Lira (Yeni Türk Lirasi, YTL or TRY). As of January 1, 2009, the "New" (Yeni) has been dropped. The currency is again the Turkish Lira. The First lira was introduced in 1844. Replacing the kuruş as the principal unit of currency, the kuruş continues to circulate as a subdivision of the lira. The para also continued to be used, with 40 para = 1 kuruş. Until the 1930s, the Arabic script was used on Turkish coins and banknotes. Between 1844 and 1881, the lira was on a bimetallic standard, with 1 lira = 6.61519 grams pure gold = 99.8292 grams pure silver. | 11th November 2009 | Value of 1 Turkish Lira 0.405 Pound Sterling 0.451Euro 0.677US Dollar | | Currency Exchange |
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Last Updated ( Wednesday, 11 November 2009 )
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