Turkey is a large country with a population of 84 million. A large part of the population lives in cities. Industry and trade have developed in Turkey. In addition, tourism is a highly developed area. It is known that many people prefer Turkey for their holidays. We recommend you to read the article titled “Which Are the Best Holiday Villages in Turkey” on this subject.

Turkish Lira is used as the currency in Turkey. Its abbreviation is ‘TL’. This currency was issued after the Turkish State was established. The first banknote was printed on December 30, 1925. The Central Bank of Turkey started its operations on October 3, 1931. The authority to print TL belongs to the Central Bank of Turkey. The current Chairman of the Central Bank of Turkey is Şahap Kavcıoğlu.

It is observed that the currency used in Turkey, TL, has lost value against currencies such as dollar, euro, riyal and ruble in recent years. You can learn more about this subject in the article titled “Is Turkey Expensive“.

With the depreciation of TL, Turkey has become an extremely suitable country for investment. You can find detailed information on these subjects in the articles titled “Turkish Citizenship“, “Investing in Turkey” and “Creating a Company in Turkey“.There is a portrait of Mustafa Kemal Atatürk, the founder of the Turkish State, on the TL. Although the pictures of İsmet İnönü, who became the President after Mustafa Kemal Atatürk passed away on November 10, 1938, were used, but the pictures of Mustafa Kemal Atatürk were again included in the banknotes during the Democratic Party that came to power later on.

Aydın Sayılı, Cahit Arf, Mimar Kemaleddin, Fatma Aliye and Yunus Emre can be cited as examples of those with a portrait on the TL. In addition, a competition was organized by the Central Bank of Turkey on September 8, 2011 to determine the symbol of TL. The icon chosen as a result of the competition was announced by the President of Turkey Recep Tayyip Erdoğan on March 1, 2012. The purpose of determining the symbol is explained as ensuring the reputation of TL and creating its recognition in the world. TL is printed as coins and banknotes. There are coins minted as 1 TL. It is claimed that coins worth 5 and 10 TL will be issued recently. The maximum banknote value of TL is 200. However, recently, it is said that TL banknotes will be printed in the value of 500 and 1000 TL.


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