Turkish lira

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Definition
  1. Noun:
    • The basic unit of money in Turkey: The "Turkish lira" is the official currency of Turkey and the Turkish Republic of Northern Cyprus. It is the standard monetary unit used for all financial transactions within the country.
Usage Examples
  • Noun:
    • The price of the souvenir was fifty Turkish lira.
    • You need to exchange your dollars for Turkish lira before traveling to Istanbul.
Advanced Usage
  • Historical Context: The "Turkish lira" has undergone significant revaluation. In 2005, a new Turkish lira (Yeni Türk Lirası) was introduced, removing six zeros from the old currency. In 2009, the "new" was dropped, returning to simply "Turkish lira" (Türk Lirası).
    • After the 2005 revaluation, one new Turkish lira was equal to one million old Turkish lira.
Variants and Related Words
  • Lira (n): The singular form; often used interchangeably with "Turkish lira" in context.
    • It costs one hundred lira.
  • TRY: The three-letter ISO 4217 currency code for the Turkish lira, used in international finance.
    • The exchange rate for TRY against the euro fluctuated today.
  • Kuruş (n): A subunit of the Turkish lira, where 1 lira = 100 kuruş.
    • The coin is worth fifty kuruş.
Synonyms
  • Turkish currency: A general term for the money used in Turkey.
  • TL: A common abbreviation seen on price tags and in informal writing within Turkey.
Related Phrases
  • Lira sign (₺): The official currency symbol for the Turkish lira, introduced in 2012.
    • The amount was written as ₺100.
Noun
  1. the basic unit of money in Turkey

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