On the 1st January 2010 Turkey made a big change to its bank notes and coins introducing new designs and designating it as the Turkish Lira and the old money was no longer legal tender. But three months on and the old cash is still being palmed off to the unwary.
New bank notes and coins were introduced on 1 January 2009 when Turkey marked the return to designating its currency as the Turkish Lira (TL) rather than the new Turkish Lira (YTL).
A time scale of 1 year was determined by the Turkish Central Bank to work all of the old notes and coins out of the system.
From 1st January 2010 the old notes and coins were no longer legal tender and only the Ziraat Bank and the Turkish Central Bank could change the ‘old’ money for new.
But three months on and the old cash is still being palmed off especially to unsuspecting tourists as we found on a recent trip to Istanbul.
The main culprits were found to be bars and small shops who quickly hand back notes and coins in the hope you’ll just pocket it and go on your merry way.
In the first instance we did just that only to find later when trying to buy Jetons (tokens) for the public transport system that the machines just reject the old coins we had been unaware we had been given.
But once bitten, twice shy as they say and after that we checked our change very carefully and challenged those who gave us dodgy cash.
The instances were quite high with around a third of traders trying to palm us off with old money.
So keep an eye on your change, especially if coming to Turkey on holiday, and make sure you learn how to identify the old money from the new. Our articles will help you to identify the coins and the notes.
If you do find you have an old stash of notes and coins and don’t want to make a special trip to the Ziraat Bank you can donate them to charity. The Calis Carnival has a bucket you can place your old money in at many of its events including the popular car boot sales.