Turkish lira

Turkish lira
Türk lirası (Turkish)
₺200 banknote (obverse)
ISO 4217
Code	TRY
Number	949
Exponent	2
Denominations
Subunit
1⁄100	Kuruş
Plural	The language(s) of this currency does not have a morphological plural distinction.
Symbol	₺
Banknotes	₺5, ₺10, ₺20, ₺50, ₺100, ₺200
Coins
Freq. used	5kr, 10kr, 25kr, 50kr, ₺1
Rarely used	1kr
Demographics
User(s)	Turkey  Northern Cyprus
Issuance
Central bank	Central Bank of the Republic of Turkey
Website	www.tcmb.gov.tr
Printer	CBRT Banknote Printer
Website	www.tcmb.gov.tr
Mint	Turkish State Mint
Website	www.darphane.gov.tr
Valuation
Inflation	7.70% CPI (December 2016)
Source	Central Bank of the Republic of Turkey

The Turkish lira (Turkish: Türk lirası; sign: ₺; code: TRY; usually abbreviated as TL) is the currency of Turkey and the Turkish Republic of Northern Cyprus. The Turkish lira is subdivided into 100 kuruş.

The lira, along with the related currencies of Europe and the Middle East, has its roots in the ancient Roman unit of weight known as the libra which referred to the 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 medieval times. The Turkish lira, the French livre (until 1794), the Italian lira (until 2002), and the British pound (a translated version of the Roman libra; the word "pound" as a unit of weight is still abbreviated as "lb.") are the modern descendants of the ancient currency.

The Ottoman lira was introduced as the main unit of currency in 1844, with the former currency, kuruş, remaining as a  ¹⁄₁₀₀ subdivision. The Ottoman lira remained in circulation until the end of 1927.

Historical banknotes from the second, third and fourth issues have portraits of İsmet İnönü on the obverse side. This change was done according to the 12 January 1926 issue of the official gazette and canceled by the Democrat Party after World War II.