Saturday, 1 January 2011

MONEY MATTERS




http://www.allabouticmeler.com/yeni_Trk_Liras.jpg

CURRENCY

In 2005, the New Turkish Lira (YTL) was introduced to simplify the
currency. Six zeros were deleted from the existing Turkish Lira. From
2006, only the new currency is in circulation and is once again known
as the Turkish Lira. There are 100 Kurusu to a lira.
Turkish Lira is available in 1, 5, 10, 20, 50 and 100 Turkish Lira bank
notes, as well as 1, 5, 10, 25 and 50 Kurusu and 1 Turkish Lira coins.

BANKS, ATMS & EXCHANGE OFFICES

ATMs are widely available. Exchange rates are often better in Turkey
than at home and cash can be exchanged commission-free in many
banks and exchange offices.

Banks are open Monday to Friday 8:30am to noon and 1:30pm to 5pm.
In summer, they sometimes open at 8am and close at 2pm. Hours can
also be shorter during the month of Ramadan.

TRAVELERS’ CHECKS

Travelers’ checks can be exchanged in banks and some post offices.
Foreign currency checks may incur charges of between 10 and 25%.

CREDIT CARDS

Credit cards are accepted in cities and towns. It is a good idea to inform
your credit card company that you will be traveling, as some
stop cards used in Turkey to guard against fraud.

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