Turkish Lira

The Turkish Lira (TRY) is the official currency of Turkey, used to buy goods and services within the country. It functions as a medium of exchange, a store of value, and a unit of account. The lira has experienced periods of inflation and currency fluctuations due to economic factors, government policies, and global markets. It is issued and regulated by Turkey’s central bank, which manages its supply and stability. Like other currencies, its value can change relative to foreign currencies, influencing international trade and tourism.