Forex istanbul turkey

1 magnitude earthquake  has hit central Turkey and left 39 people injured and caused damage to homes, however, no one was hospitalised in serious condition, the country’s health minister reported on Tuesday. The quake in Adiyaman province, about 530 kilometres south-east of the capital Ankara, struck in the middle of the night. Footage released by the local Dogan news agency showed livestock, including goats, being rescued from beneath the rubble in forex istanbul turkey early morning hours as heavy machinery was brought in to demolish homes that had been badly damaged and risked collapse.

Ahmet Demircan, Turkey’s Health Minister, was quoted by the state-run Anadolu news agency, as saying 35 people remained in hospital, but none faced life-threatening injuries. Turkey sits across major geographic fault lines and has suffered devastating earthquakes in the past, including one near Istanbul in 1999, that left more than 17,000 people dead. Bi-weekly profit by professionally trading your Forex, Cryptocurrency and Binary accounts for you. People visiting Turkey usually want to know about the money first. After all, it makes the world go round and whether or not, you have a budget, knowing about the currency, exchange rates, fees, and charges, means you will spend wisely.

So let’s get started by discussing the relevant facts about using money in Turkey first. What is the Currency of Turkey? The currency is Turkish Lira, and this is recognized by the symbol,  although you may still see some places using the old abbreviation of TL, and banks, credit card companies may also use TRY. Known as the new Turkish lira, it replaced the old currency that automatically made everyone a millionaire. Turkish lira banknotes come in six denominations of 200, 100, 50, 20, 10, and 5. Each has their own colour but be careful because the 5 lira and 50 lira are remarkably similar. Coins known as kurus are in denominations of 5, 10, 24, and 50.

It then progresses up to the 1 lira that is a coin. Best Place to Exchange Money in Turkey The exchange rate fluctuates every day but currently foreigners are getting a good deal. I use Yahoo Currency Converter that shows up to date exchange rates as they happen. Avoid changing money at the airport in your home country because the commission rates are heavy, and you will get less than if you exchange money in Turkey. So, when you get here, there are three options. Banks, currency exchange shops and occasionally jewellery shops or travel agents also do it.

For the first two, you need to show identification, which is usually your passport, but these places generally offer a better rate. Can I use Euros, Dollars, or British Pounds? Touristic shops, restaurants, and travel agents will accept most currencies. The Antalya region that is popular with Europeans even display prices in Euros while on the Aegean, prices are sometimes shown in pounds because it is popular with Brits. Touristic places in Istanbul seem to take any currency as long as it has value.