Here’s a quick look at the money we use in Turkey. The currency is very colorful! All of the bills are slightly different sizes. Turks use a 1 lira coin instead of a 1 lira bill. Change smaller than 1 lira is called “kuruş.” There is a 50 kuruş, 25 kuruş, 10 kuruş, and 5 kuruş coin.
If your bill ends in a denomination less than 5 kuruş, the cashier will round it. Even if a bill ends in 5 kuruş, it usually gets rounded. The 10 and 5 kuruş coins are very small and somewhat cumbersome.
There is also a 200TL bill, not pictured here. Unless your purchase is close to that amount of money, we’ve found a lot of stores don’t like it and some won’t even take it.
We fill our change bowl rather quickly because of the 1 lira coins. But then again, it depletes just as quickly. The bus transportation costs 2TL per ride, and it’s easiest to use coins rather than try to get change.
We’ve been very pleased with the exchange rate since we’ve been here. For every $1 USD it’s approximately 1.80TL. We hope the rate stays there! People told us it dipped not too long ago to a rate of 1:1.5. It would still put us ahead, but we like where it’s at now.
The cost of living in Turkey is very reasonable; it’s another blessing we are thankful for!