If you haven’t been to Turkey for some time but you still have some bank notes left over from your trip they won’t now be legal tender. But you can change them if you have the time.

The Turkish currency has undergone two changes in the last five years.

In the first change on 1 January 2005 the Turkish Government re-designated their currency from the Turkish Lira (TL) to the Yeni Turkish Lira (YTL).

Years of high inflation had increased the Turkish Lira to such a level that the currency was into millions, and trillions.

So, on 1 January 2005 six zero’s were removed from the currency. The old TL notes were withdrawn from circulation one year later on 1 January 2006.

The conversion rate was:

Old Lira TL New Lira (YTL) 

 –

 1 kurus

 50,000

 5 kurus

 100,000

 10 kurus

 250.000

 25 kurus

 500,000

 50 kurus

 1,000,000

 1 YTL

 5,000,000

 5 YTL

 10,000,000

 10 YTL

 20,000,000

 20 YTL

 –

 50 YTL

 –

 100 YTL

The second change occurred 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). New bank notes were introduced. The old YTL notes were withdrawn from circulation one year later on 1 January 2010 .

The conversion rate was:

1 New Turkish Lira (1 YTL) equals to 1 Turkish Lira (1 TL).

1 Turkish Lira (1 TL) equals to 100 Kurus (100 Kr).

1 YTL = 1 TL

1 YKr = 1 Kr

1 TL = 100 Kr

So can you change your old money to new?

The good news is that you have ten years in which to change old money bank notes to the new. If you have old coins hanging the exchange period is only one year and coins must be changed by 31 December 2010.

To change your old money you will need to visit the nearest branch of the Ziraat Bank (T.C. Ziraat Bankası) as they are the only bank, other than the Turkish Central Bank, that is authorised to do the exchange.

In Fethiye the branch is located near to the downtown Migros supermarket / Council Offices. Present your old cash and ask for new.

22 COMMENTS

    • You would need to take it to the bank and change it yourself. It would be the same as a 25 kurus coin so that’s worth about 0.10 USD.

  1. i have old money 50000 turkish lira,i want to change but i working here in saudi its ok i will send it by cargo my old 50000 turkish lira please answer me help me to change my money thank you

  2. im marryann please help me to change my old 50000 turkish money i can go your country im working here in saudi please help me to change new money give me responce please

    • To all the recent people who commented.

      Please read the article again and put in the new Turkish Lire value into a currency converter and you will find that the old 500,000 note is only worth 0.25 USD….THATS 25 cents. The postage costs alone to send to Turkey to exchange would cost more than that.

  3. its ok i will send by DHL give me your bank office address please i need to change my old turkish money give me responce thank you

  4. I have 1495 YTL in notes which I understand I can change up until 2020. I live in Cambridge in the United Kingdom and these notes were my mother’s who has died. Can you advise me as to how can I change these notes without having to visit Turkey? I would really appreciate your advice.

    Many thanks in anticipation.

    Andrew Hawkes

  5. Hi I have an old bir milyon lira note I am visiting Dalyan turkiye in September can I change it and how much is it worth thanks

  6. i have to exchange my 250000 lira . i want to exchange this note you can repynig note i am waithing your anser pls help me .08180098787

  7. Hi, so if i exchange the old Lira to the new one at the banks u’ve already state above, means i can get 1 old lira same with 1 new lira? Or if i have 500,000 old lira i only can get 50 kurus even if i exchange it to the central bank. Pls i need yr respond, thank you ?

    • Ibrahim. You are right. Divide the sum by 1,000,000 and it will give you the value now. So, that old 500,000 note is worth 50 Kuruş. $0.18 or 18 U.S. Cents.

  8. Hi i have bir million and 250000 lira notes.how can exchange my old lira.please help me and reply me in my account or tx m inmy 09322500838

  9. Hi

    I have 10000000.can i exchange this note.If yes,how much money will i get compare to indian rupees.

    • Hi. Just divide by 1 million and you will find the new Lira value. Put that through an exchange app such as XE.com and convert to your currency.

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