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History of Turkish Lira(TRY): Buy or Sell Lira at Best Exchange Rates in India

Explore the Turkish Lira’s rich history and stay updated with its current exchange value. Buy, sell, or transfer Turkish Lira at the best rates in India — with fast, secure doorstep delivery nationwide.

Buy Turkish Lira

Overview:

Turkish Lira is the official currency of Turkey and Turkish Republic of Northern Cyprus. Turkish Lira has been through depreciation and volatility recently due to high inflation, monetary policy decisions and political situation in country. However, due to high interest rates in Turkey, investors find lira appealing compared to other currencies.

 History of Turkish Lira:

From early 14th century until the mid-19th century akçe was used as currency, replaced by kurus in 1688. The Ottoman Lira was introduced in 1844 subdivided into 100 kurus remained in use until Republic of Turkey was established in 1923 when modern lira was adopted.

Due to chronic inflation in 1990s, where nearly a million lira was equal to 1 USD, hence “New Turkish Lira” was introduced in 2005 to stabilize the currency. In 2009, a new prefix was removed and it reverted back to Turkish Lira.

Currency in circulation:

Turkey's currency code is “TRY” and symbol is “₺.”

Notes: 5₺, 10₺,20₺,50₺,100₺,200₺.

Evaluation of Lira:

Lira as a currency is influenced by several factors. A few of them are:

Higher Inflation: Higher inflation lowers the domestic expenditure, thus lowering the economic growth of a country, which directly impacts the exchange rate of Lira. With inflation rate reaching 33.9% in Sep 2025, it has resulted in depreciation of Lira.

Foreign reserves:Lower foreign reserves often tend to impact confidence in Lira as a currency. The use of Foreign exchage reserves in the past by Turkey has worsened confidence in it.

Why is Turkish Lira necessary?

Easier Budgeting: Planning your expenses for your accommodation and paying at local stores or for your shopping expenses, it is easier to calculate and stay within budget when you have Lira with you.

Business transactions:Invoices, contracts, and official business transactions are mostly done in Lira.

Better Exchange rates:Planning your currency exchange before travel? Orient Exchange would definitely help you to save money instead of using Banks and Airports.

How to Buy or Sell Turkish Lira at affordable Exchange Rate in India?

Banks—Most of the branches of banks has limited availability or do not have all currencies and sometimes they do not have option to get currency exchange done, thus leading to an exhausting experience.

RBI-licensed money exchangers—Authorized by the RBI, money exchangers often play a crucial role in providing a competitive exchange rate for Turkish Lira better than banks.
Among the many money exchangers available in the market, Orient Exchange with excellent customer support and longer operational hours with affordable pricing, tends to be the customer’s choice.

What are the benefits of buying or selling Turkish Lira at Orient Exchange :

Convenience:Orient Exchange has 26 branches all over India. You can visit your nearest branch and get best exchange rate for buying Turkish Lira. You can ask for. If you wish to get your currency exchange done at comfort of your home? Well Orient Exchange has it covered; you can place an order online and relax with features such as live order tracking. Simply log in and track your order with ease.

Trust of Customers:With 4.9/5 on Google reviews and 4.8/5 on Trustpilot, it shows that customers trust, affordable pricing and reliable currency exchange services at Orient Exchange.

Fair Pricing: With no hidden fees, transparency in every transaction, and live exchange rate, one can be assured of buying or selling Turkish lira at best exchange rate in India.

Conclusion:

The Turkish Lira’s role is more than just currency; it’s a reflection of Turkey’s history and resilience. Turkish Lira is essential when you are travelling to Turkey, whether you are a traveler or on a business trip. With Orient Exchange you can get best exchange rate in India; having an affordable service with expert guidance makes it better worthwhile experience.

Choose Orient Exchange for hassle-free travel.

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