Rate Liră turcească TRY
BNR
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TRY/RON
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Events that influenced the exchange rate TRY/RON
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2020-03-11 — OMS declară pandemie COVID-19
Lira turcească a continuat deprecierea cronică în contextul pandemiei, agravată de rezervele valutare scăzute ale băncii centrale turce și de dobânzile real negative.
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2022-02-24 — Rusia invadează Ucraina
Lira turcească a continuat să se deprecieze, Turcia încercând să joace un rol de mediator între Rusia și Ucraina. Cursul TRY/RON a scăzut pe fondul inflației de peste 70%.
History TRY/RON (last 30 days)
| Week | Mon | Tue | Wed | Thu | Fri |
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About Liră turcească (TRY)
The Turkish lira (TRY) is the currency of Turkey. In recent years, the lira has experienced significant depreciation due to high inflation and unconventional monetary policies. Turkey is a popular tourist destination for Romanians, and the TRY/RON exchange rate is monitored by travelers.
Country/Zone
Turkey
Central Bank
Turkiye Cumhuriyet Merkez Bankasi (TCMB)
Symbol
₺
Denominations
Banknotes: 5, 10, 20, 50, 100, 200 TRY. Coins: 1kr, 5kr, 10kr, 25kr, 50kr, 1₺.
⚠ How to recognize counterfeit banknotes of TRY
1
Watermark: Ataturk's portrait and denomination visible against light.
2
Security thread: Embedded metallic thread with microtext.
3
Color-shifting ink: Denomination changes color when tilted.
Important: If you suspect you have a counterfeit banknote, do not try to use it. Take it to the nearest bank or police station.
Import/Export rules TRY — Romania and EU
↓
Import (entry into Romania)
Turkey is not in the EU. At the Romania-Turkey border, declaration required for amounts equivalent to 10,000 EUR.
↑
Export (exit from Romania)
When leaving Turkey, amounts over $5,000 equivalent must be declared.
EU
EU rules
Turkey is a third country. Mandatory declaration at EU external borders (10,000 EUR equivalent).
General EU rule: Any person entering or leaving the EU with cash amounts of 10,000 EUR or equivalent
must declare them at customs (EU Regulation 2018/1672). Non-declaration can lead to confiscation of the amount and fines.
Banknotes TRY in circulation
| Value | Size | Color | Theme / Portrait | Duration |
|---|---|---|---|---|
| 5 TRY | 130 x 64 | Brown | Mustafa Kemal Ataturk | ~2 years |
| 10 TRY | 136 x 64 | Red | Ataturk / Cahit Arf (mathematician) | ~3 years |
| 20 TRY | 142 x 64 | Green | Ataturk / Mimar Kemaleddin | ~4 years |
| 50 TRY | 148 x 64 | Orange | Ataturk / Fatma Aliye Topuz | ~5 years |
| 100 TRY | 154 x 64 | Blue | Ataturk / Buhurizade Itri | ~7 years |
| 200 TRY | 160 x 64 | Purple | Ataturk / Yunus Emre (poet) | ~8 years |
Material
Special cotton paper with security fibers
Durability
5-10 TRY banknotes wear out quickly (2-3 years) due to heavy circulation
Coins TRY in circulation
| Value | Material | Weight | Diameter |
|---|---|---|---|
| 1 kurus | Copper-nickel-zinc | 2.2g | 16.5mm |
| 5 kurus | Copper-nickel-zinc | 2.9g | 17.5mm |
| 10 kurus | Copper-nickel-zinc | 3.15g | 18.5mm |
| 25 kurus | Copper-nickel-zinc | 4.0g | 20.5mm |
| 50 kurus | Bi-metallic | 6.8g | 23.85mm |
| 1 lira | Bi-metallic | 8.2g | 26.15mm |
🔍 Banknotes TRY easily confused
5 TRY and 50 TRY
Brown (5) and orange (50) can be confused in low light; the value difference is 10x
TIP
Check the digit — 5 vs 50; 50 TRY is significantly larger (148mm vs 130mm)
100 TRY and 200 TRY
Blue (100) and purple (200); similar sizes
TIP
200 TRY is larger (160mm vs 154mm) and has a distinct purple hue
Monetary policy — Turkiye Cumhuriyet Merkez Bankasi (TCMB — Banca Centrală a Turciei)
Headquarters
Ankara, Turcia
Founded
1930
Inflation target
5% (official), but real inflation exceeded 60%+ in 2022-2024
Decision frequency
8 meetings per year of the Monetary Policy Committee (PPK)
Main tools
●
One-week repo rate (policy rate)
●
Interest rate corridor (lending/borrowing rates)
●
Open market operations
●
Reserve requirements
Independence: TCMB independence has been strongly contested — the governor was changed 5 times in 5 years (2019-2024)
The role of TRY in the global economy
World reserves
< 0.1%
Daily volume
~$80 billion/day
SWIFT share
~0.3%
World rank
Volatile emerging currency — important for trade and tourism
Countries where TRY is the official currency
Turkey
Turkish Republic of Northern Cyprus (internationally unrecognized)
🛃 Cash transport limit TRY without declaration
No declaration
Up to the equivalent of $10,000
Declaration required
Over $10,000 equivalent when entering/leaving Turkey
EU threshold of 10.000 EUR ≈ 537.549 TRY at today's BNR rate.
Regulation: Turkish customs legislation
Penalties: Confiscation and investigation; Turkey has strict rules on currency import/export
Penalties: Confiscation and investigation; Turkey has strict rules on currency import/export
Advantages of TRY as a currency
✔
Popular tourist destination for Romanians — Antalya, Istanbul, Cappadocia
✔
Favorable exchange rate — the Turkish lira is cheap, making Turkey affordable
✔
Turkey's economy is in the global top 20 by GDP
✔
Cross-border trade — Turkey is an important trading partner of Romania
💡 Fun facts about TRY
1
On ALL Turkish banknotes, the portrait of Mustafa Kemal Ataturk (founder of the Republic of Turkey in 1923) appears on the obverse — it is one of the few countries where the same figure appears on all denominations
2
The word 'lira' comes from the Latin 'libra' (unit of weight) — the same origin as the British pound sterling (£) and the former Italian lira
3
Turkey underwent one of the most drastic redenominations in history in 2005: 1,000,000 TRL (old lira) = 1 TRY (new lira) — six zeros were removed at once
4
The first bank in the Ottoman Empire was the Banque de Constantinople (1847), founded by French and British bankers; the Turkish Central Bank (TCMB) appeared only in 1930
5
On the reverse of TRY banknotes appear figures from Turkish culture and science: mathematician Cahit Arf (10 TRY), writer Fatma Aliye Topuz (50 TRY) — the first Turkish female novelist
6
The Turkish lira lost over 80% of its value against the USD between 2018 and 2024, making it one of the most volatile currencies in the world
⛓ Crypto and currency exchange regulation — Turcia
Crypto status
Legal, but with significant restrictions
Regulatory authority
MASAK (Financial Crimes Investigation Board) + SPK (Capital Markets Board of Turkey)
Exchange/currency exchange license
Regulation under development; exchanges must register with MASAK; specific legislation adopted in 2024
Crypto taxation
Tax framework under development; no specific crypto tax clearly defined yet; legislative clarifications expected
AML / KYC
Mandatory AML/KYC compliance through MASAK; exchanges must report suspicious transactions; mandatory identity verification
Payments with cryptocurrencies for goods and services are prohibited since April 2021 (TCMB Central Bank decree); trading and holding remain legal; Turkey has a very high crypto adoption rate due to lira depreciation — one of the most active markets in the world
💰 How much does 1,000,000 TRY (~27,000 EUR)?
Banknotes
5.000
banknotes of 200 TRY
Weight
5.5 kg
Volume of a devalued currency: same volume as 1M EUR, but ~37x less value
Volume
A stack of ~55 cm
Fits in a backpack — but is worth only ~27,000 EUR