Turkey Money


Turkey’s currency is the Turkish Lira (Türk Lirası) or TL for short, divided into smaller units known as kuruş. Coins come in denominations of 1, 5, 10, 25, 50 kuruş and TL1, with notes in denominations of TL5, TL10, TL20, TL50, TL100 and TL200.

There are legal exchange offices in all cities and almost any town. Banks also exchange money, but they are not worth the hassle as they are usually crowded and do not give better rates than exchange offices. You can see the rates office offers on the (usually electronic) boards located somewhere near its gate. Euro and US dollars are the most useful currencies, but Pound sterling (Bank of England notes only, not Scottish or Northern Irish notes), Swiss francs, Japanese yen, Saudi riyals, and a number of other currencies are also not very hard to exchange. Visa and MasterCard are widely accepted, American Express much less so.


It is customary to leave a tip in restaurants (10%) and to tip everyone in hotels (the porter, the concierge, the bellboy, the housekeeper). Taxi drivers do not normally expect a tip, but they do appreciate it, and it's acceptable to "round up" the fare.

Tax Refund

If you are not a citizen or permanent resident of Turkey, you can get a VAT refund (usually from 8% to 18%). The minimum purchase amount is 100. 00 TRY. Look for the blue “Tax-Free” sticker on the windowpane or entrance of the shops. Don’t forget to take the Tax Free Form from the shop that will enable you for a VAT reclaim when leaving Turkey.