₺
The lira (; Currency sign, sign: Turkish lira sign, ₺; ISO 4217, ISO 4217 code: TRY; abbreviation: TL) is the official currency of Turkey. It is also legal tender in the ''de facto'' state of the Turkish Republic of Northern Cyprus. One lira is divided into one hundred ''kuruş''. The current lira is the Second Turkish lira, having succeeded the first Turkish lira in 2005 which in turn succeeded the Ottoman lira in 1923. Since 2018 the Turkish lira has been in crisis, having plummeted in value following Turkish president Recep Tayyip Erdoğan, Erdogan's economic and political policies. History Ottoman lira (1844–1923) The lira, along with the lira, related currencies of Europe and the Middle East, has its roots in the Ancient Rome, ancient Roman unit of weight known as the Libra (weight), libra which referred to the Troy weight, Troy pound of silver. The Roman libra adoption of the currency spread it throughout Europe and the Near East, where it continued to be used into ...
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