Money
Currency: Turkish Lira (TL). Notes are in denominations of TL10,000,000, 5,000,000, 1,000,000, 500,000, 250,000 and 100,000. Coins are in denominations of TL100,000, 50,000, 25,000, 10,000 and 5000.
Currency exchange: All exchange certificates and purchase receipts must be retained to prove that legally exchanged currency was used. Money and travellers cheques can be exchanged at all PTT branches. Many UK banks offer differing rates of exchange depending on denominations of Turkish currency being bought or sold. Check with banks for details and current rates.
Credit & debit cards: American Express, Diners Club, MasterCard and Visa are accepted. Check with your credit or debit card company for details of merchant acceptability and other services which may be available.
Travellers cheques: Can be cashed immediately upon proof of identity. However, it may take several days to cash cheques from private accounts. To avoid additional exchange rate charges, travellers are advised to take travellers cheques in Pounds Sterling or US Dollars.
Currency restrictions: There are no restrictions on the import of local or foreign currency, though visitors bringing in a large amount of foreign currency should obtain a written declaration from the Turkish authorities. No more than the equivalent of US$5000 in local currency may be exported. Foreign currency may be exported up to US$5000, but no more than the amount imported and declared.
Exchange rate indicators
The following figures are included as a guide to the movements of the Turkish Lira against Sterling and the US Dollar:
| Date | May ’02 | Aug ’02 | Nov ’02 | Feb ’03 | | £1.00= | 2,063,537.10 | 2,496,558.10 | 2,498,612.5 | 2,584,222.60 | | $1.00= | 1,416,000.00 | 1,641,500.00 | 1,580,000.0 | 1,623,000.00 |
Banking hours: Mon-Fri 0830-1230 and 1330-1700.
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