The exchange rate of the algerian dinar against international currencies

 the Turkish Lira against international currencies

the Turkish Lira against international currencies

Turkish lira currency conversion table

the Turkish Lira

What Is Turkish New Lira (TRY)?

 TRY is the abbreviation for the official Turkish currency, the new lira. This currency is also used in the Turkish Republic of Northern Cyprus. The Turkish new lira breaks into 100 new kurus coins, and the lira will often have the symbol YTL shown. Understanding Turkish New Lira (TRY) First introduced in early 2005, the Turkish new lira was equivalent to one million of the old Turkish lira. 

During revaluation in 2005, a new law removed the last six zeros from the value of the currency. The TRY printed its ninth issue in 2009. The history of the release of the Turkish lira as a currency splits into two periods. The first Turkish lira is the period between the years 1923 and 2005.

 2005 marks the start of the second Turkish lira period. Throughout its history, the currency has been pegged to the French franc, British pound, and both hard and soft pegging to the U.S. dollar. There is no longer an explicit peg, but Turkey actively intervenes in the currency markets and attempts to influence the value of the TRY. The TRY has, at times, ranked as one of the least valuable currencies in the world.

 After rampant inflation, it saw revaluation in 2005. This revaluation of the TRY began the period of the second Turkish lira. As of May 2021, one Turkish new lira is worth approximately 12 cents in U.S. dollars. So a single U.S. dollar is worth about 8.3 liras.