Money Trends in Turkey

Though the prevailing pricing system is quite even handed in Turkey, beware of the exchange rate that changes daily in leaps and bounds. Use sterling, dollars and euros for heavy purchases as it might help you benefit from higher discount rates on goods. On the other hand, use Turkish money for small purchases and especially for dining and wining. Moreover, a minor fee is charged in some places to change your money.

The fee charged for changing your money may vary from place to place so it is a good idea for you to look for somewhere that gives you the highest rate. The exchange rates for major foreign currencies are published every day but you could also check the value of your currency from the Currency Converter. The Post Office, Bank and Exchange offices are other reliable options for you to exchange currency. The first two are open on weekdays from 9:00 in the morning to 5:00 in the evening, except during the weekend. The Exchange office is usually open till midnight. This the best place for you to change your currency to get the best rates: hotels offer very poor rates by comparison.

The most favorable way to get cash liras is to use your native bankcard or credit card at one of the Turkish ATMs. The cards most commonly accepted are Diner's Club, Euro card, Mastercard and Visa. Traveler's checks are not the popular choice and will not be of much help. Using Traveler's checks might need some form of identification. Euro checks are a safe bet and can be cashed right away. You could also exchange cash at the Currency Exchange Office otherwise known as 'Doviz Burosu'.

Easy and smooth use of Turkish money requires you to remember a few easy things. Firstly, always keep small change in hand - change from larger denominations is sometimes hard to get back. Try to pay double the amount of what you owe so that you always have change but never overdo it. Finally take special care while handling your Turkish money; sullying it may hurt the patriotic sentiments of the Turkish.