Traveller’s cheques, Money, ATMs, Currency & Exchange Rate
The old Turkish Lira in no longer in circulation. The New Turkish Lira is available in 1, 5, 10, 20, 50, 100 and 200 notes. It’s also available in coin denominations of 1, 5, 10, 25, 50 Kurus. Currency can be exchanged without paying a commission at currency exchange offices, but banks usually charge a commission. Traveller’s cheques can only be exchanged in banks and receipts must be kept in order to exchange Turkish Lira back into the visitor’s currency when departing the country. Hotels, restaurants and gift shops accept credit cards and there are ATMs available throughout the country. The exchange rate fluctuates, but you can figure than 1 USD = TL 1.92; £1.00 = TL 2.96; €1.00 = TL 2.51, but those rates change so it’s best to check the rates before you arrive in Turkey. You can bring 5 bottles of alcohol into the country and five bottles of perfume, as well as gifts and electronics that have a total value of € 255.65 or the equivalent.