Currency Of Turkey
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Currency Of Turkey
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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Northern Cyprus
Northern Cyprus, officially the Turkish Republic of Northern Cyprus (TRNC), is a ''de facto'' state that comprises the northeastern portion of the Geography of Cyprus, island of Cyprus. It is List of states with limited recognition, recognised only by Turkey, and its territory is considered by all other states to be part of the Cyprus, Republic of Cyprus. Northern Cyprus extends from Cape Apostolos Andreas, the tip of the Karpass Peninsula in the northeast to Morphou Bay, Cape Kormakitis and its westernmost point, the Kokkina exclave in the west. Its southernmost point is the village of Louroujina. A United Nations Buffer Zone in Cyprus, buffer zone under the control of the United Nations stretches between Northern Cyprus and the rest of the island and divides Nicosia, the island's largest city and capital of both sides. A 1974 Cypriot coup d'état, coup d'état in 1974, performed as part of an attempt to annex the island to Greek military junta of 1967–1974, Greece, prompt ...
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