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Money & currency

Money in Turkey

Updated 2026-08-15

Money & Currency
₺

Turkish Lira (TRY)

Currency code: TRY

Practical Money Tips

Best Places to Exchange Money

Exchange offices (döviz bürosu) in tourist areas offer competitive rates and are ubiquitous in Istanbul, Antalya, and resort towns. Banks provide reliable rates but with longer waits. Avoid exchanging at hotels or airports (poor rates). The Turkish Lira has experienced significant depreciation since 2021 — rates change rapidly, so check the current rate before exchanging large amounts. EUR and USD get the best rates. Bring crisp, undamaged notes.

ATM Availability

ATMs are everywhere in Turkey — even small towns have multiple bank ATMs. Major banks (Garanti BBVA, İş Bankası, Yapı Kredi, Ziraat, Akbank) accept international Visa and Mastercard. Daily withdrawal limits vary by bank and card — the machine shows its ceiling before you confirm. ATMs offer the option to be charged in your home currency (DCC) — always decline and choose TRY for a better rate. Your bank may charge international withdrawal fees — check your card's terms before travelling.

Credit Card Acceptance

Credit and debit cards are widely accepted in Turkey — more so than many European countries. Visa and Mastercard work virtually everywhere: restaurants, shops, supermarkets, public transport (Istanbul's Istanbulkart can be topped up by card), taxis, and even some market stalls. Contactless payment is standard. American Express has limited acceptance. Turkey is increasingly a cashless society in urban areas, though you'll need cash for bazaars, small villages, and some local restaurants. Tip: many Turkish cards use chip+PIN, so ensure your card supports this.

Tipping Customs

Tipping in Turkey is appreciated but not as aggressive as in Egypt. In restaurants, 5-10% is standard (check if service charge is already added — some upscale places add 10-15%). Round up taxi fares. Hotel porters: 20-50 TRY per bag. Hammam attendants: 50-100 TRY. Tour guides: 100-200 TRY per day. Tip in Turkish Lira, not foreign currency. In local restaurants and cafes, rounding up the bill is sufficient. Tea (çay) is often offered free — it's hospitality, not a sale.

Note: Always check current exchange rates before traveling. Currency exchange is available at airports, banks, and authorized money changers.

Common Money Questions

What is the currency of Turkey?

The official currency is the Turkish Lira (TRY), symbol ₺. One lira is divided into 100 kuruş. Banknotes come in 5, 10, 20, 50, 100, and 200 TRY denominations. Coins: 1, 5, 10, 25, 50 kuruş and 1 TRY. The lira has been depreciating for years and the rate moves continuously — check the live mid-market rate (XE, Wise, your bank's app) just before and during your trip, and treat any figure quoted in a guidebook or blog post as already stale. The depreciation makes Turkey very affordable for visitors paying in EUR, USD, or GBP.

Can I use euros or dollars in Turkey?

EUR and USD are accepted at some hotels, carpet shops, and tourist-oriented businesses, but you'll get a much better deal paying in Turkish Lira. Most everyday transactions (restaurants, transport, shops, supermarkets) require TRY. Exchange offices are so common that converting cash is easy and quick. Some luxury hotels quote in EUR but convert at their own (unfavorable) rate. Bottom line: use Turkish Lira for everything.

How much should I budget per day in Turkey?

Turkey is excellent value due to the lira's depreciation, and your style sets the budget more than the country does: budget travel runs on hostels, street food (döner, simit, lahmacun — the reliable cheap end everywhere) and local transport; mid-range adds a boutique hotel, restaurant meals, guided tours and domestic flights; upscale means luxury hotels, private guides and fine dining. The useful relative facts: domestic flights are cheap for the distances they cover; the Cappadocia balloon ride is the one big-ticket splurge most itineraries carry — check current prices when booking; and Istanbul is the most expensive city while eastern Turkey and smaller towns are significantly cheaper. With the lira moving continuously, re-check costs close to travel rather than budgeting from older posts.

Is bargaining expected in Turkey?

Yes, in bazaars (Grand Bazaar, Spice Bazaar, local markets), carpet shops, and leather shops. Start at 40-50% of the asking price and negotiate. Shopkeepers expect it and the interaction is part of Turkish commercial culture — enjoy it. Tea will be offered during the process — accepting doesn't obligate you to buy. Fixed-price shops (modern retail, supermarkets, chain restaurants) and restaurants don't require bargaining. Taxis should use the meter (taksimetre); if they refuse, find another taxi or use BiTaksi/Uber apps.

Should I tip in Turkey? How much?

Tipping is customary but relaxed compared to some countries. Restaurants: 5-10% (check for service charge). Cafes: round up. Taxi: round up to nearest 5-10 TRY. Hotel porter: 20-50 TRY. Hammam attendant: 50-100 TRY (this is the one place where generous tipping is expected). Tour guide: 100-200 TRY per day. Hotel housekeeping: 20-30 TRY per night. Tip in Turkish Lira.

Are ATMs reliable in Turkey?

Very reliable. ATMs from major banks (Garanti BBVA, İş Bankası, Yapı Kredi, Ziraat, Akbank, Halkbank) are ubiquitous in cities and towns, accept international cards, and have English-language options. Important: when the ATM asks whether to charge in your home currency or TRY, always choose TRY — the 'home currency' option (Dynamic Currency Conversion) applies a terrible exchange rate. Daily limits vary by bank and machine. Some ATMs add a small local fee, shown before you confirm; your home bank will likely charge an international withdrawal fee too.

Can I use contactless payments in Turkey?

Yes, contactless payment is very common in Turkey — more widely adopted than in many European countries. Tap-to-pay works at most restaurants, shops, supermarkets, cafes, and even some taxis. Apple Pay and Google Pay are supported at many terminals. Istanbul's Istanbulkart (public transport card) supports contactless bank card payment on buses and metro. Turkey's digital payment infrastructure is modern and growing rapidly. However, carry some cash for bazaars, small local restaurants, and rural areas.

Is Turkey expensive for tourists?

Turkey is currently one of the best-value destinations in the Mediterranean region for visitors paying in EUR, USD, or GBP, due to years of lira depreciation. A quality restaurant meal costs a fraction of what the same table would in Italy or Greece; a boutique hotel room in Cappadocia or on the coast runs well under half of what comparable rooms charge elsewhere in the Mediterranean; and domestic flights are cheap enough to treat like buses. The Grand Bazaar offers genuine handcrafts at negotiable prices. This value applies across the board: food, accommodation, transport, activities, and shopping. Istanbul is the most expensive city but still significantly cheaper than Western European capitals.

Entry rules, visa types and practical notes live on the Turkey overview.

This overview comes from Visaja's worldwide missions database (visaja.com), checked against official government sources; for binding answers, the mission itself always has the final word.