HISTORICAL INFORMATION ONLY
The information contained on this web site has been gathered from open sources and should not be relied upon for any financial purposes.  Daily currency information, historcal financial information and detailed information on Turkish currency can be obtained by contacting the Central Bank of the Republic of Turkey.

KaƧ Para? (How Much Money?)

For most of the 1950’s, the currency exchange in Turkey was 2.8 Turkish Lira (TL) to $1.00 U.S. Dollar. If you lived in Turkey in the 1960’s, your probably remember the exchange rate at 9.00 TL to the dollar. The 1970’s saw more frequent increases and by the 1980’s, the Turkish economy seemed to be trapped in an economic downslide. Here is a chart showing the dramatic changes in the currency exchange:

Note: This was the currency exchange rate on or about January 1st of each year.
YEAR 
DOLLAR 
 TURKISH LIRA
1980
$1.00
 35.00
1981
$1.00
 89.25
1982
$1.00
 132.30
1983
$1.00
 184.90
1984
$1.00
 280.00
1985
$1.00
 442.50
1986
$1.00
 574.00
1987
$1.00
 755.90
1988
$1.00
 1,018.35
1989
$1.00
 1,813.82
1990
$1.00
 2,311.87
1991
$1.00
 2,927.13
1992
$1.00
 5,074.83
1993
$1.00
 8,555.85
1994
$1.00
 14,458.03
1995
$1.00
 38,418.00
1996
$1.00
 61,054.00
1997
$1.00
 107,505.00
1998
$1.00
 204,750.00
1999
$1.00
 312,720.00
2000
$1.00
 540,098.00
2001
$1.00
 671,765.00
2002
$1.00
 1,439,567.00




Because of this high inflationary process, on January 1, 2005, the New Turkish Lira was introduced. Six zeroes where dropped from the currency and the Yeni Turk Lirasi (YTL) became the new unit of currency of Turkey.


Today, one New Turkish Lira (YTL) is: