Where Can I Get Turkish Lira Before Traveling To Turkey?

by | Last updated on January 24, 2024

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While you’ll get a better rate if you wait to get Turkish lira in Turkey , you can

purchase lira in the US from your bank or a foreign exchange provider like Travelex

.

Is it better to exchange Turkish Lira in Turkey?


It’s usually best to obtain your Turkish liras in Turkey rather than before you leave home

, as the exchange rates outside Turkey are usually not as good as those inside the country. The easiest way to get cash liras is to stick your home bank card or credit card into a Turkish ATM (bancomat/cashpoint, cash machine).

Can I get Turkish Lira at the airport?

The currency in Turkey is the Turkish lira, TL.

Once you land in Turkey you can exchange your money at one of the currency exchange booths at the airport

.

Is it cheaper to exchange money in Turkey?

Exchanging Cash


They offer better exchange rates than most banks

, and may or may not charge a commission (komisyon). Offices in market areas tend to offer better exchange rates than those in tourist areas. Offices at international airports in Turkey tend to offer poor rates of exchange (for you; good for them).

Can I use my ATM card in Turkey?


Credit and debit cards are widely used in Turkey

. Visa and MasterCard are accepted in most places, with American Express payment available in high-end hotels and restaurants. If you’re travelling off the beaten track or shopping in market stalls and Souks, then it’s a good idea to have some cash on you.

What money is accepted in Turkey?

The currency in Turkey is the

Turkish Lira

. ATMs are widely available in major cities and tourist areas. You can get local currency from banks and exchange bureaus, known as DOVIZ in Turkish. As of 13 October 2021, Turkish banks will no longer accept the old style £20 and £50 sterling banknotes.

How much cash can you carry to Turkey?



There is no limit to the amount of foreign and Turkish currency to be brought into Turkey

. – More than US$5000 worth of Turkish currency can not be taken out of the country. – Up to US$5000 worth of foreign currency can be taken out of the country.

Where can I exchange money in Turkey?

The best places to get your money exchanged from are

Taksim, Sultanahmet, Grand Bazaar, and Sirkeci

. Since these are active tourist spots, surrounded by a generous amount of hotels, the likeliness of getting a good exchange rate is very high. Especially compared to the airport and shopping malls.

What is the best currency to take to Turkey 2022?

The currency in Antalya is the

Turkish Lira

. You may find other currencies such as dollars or euros are accepted, but generally the best value will be found by using Turkish Lira, especially in the markets and souqs.

Is 100 lira a good tip?

If you are in holiday in an all inclusive hotel,

it is recommended to tip 50 Tl or 100 Tl to one barmen you like in order to take faster and better quality service

. If you are also satisfied from room cleaning you can also tip at the end of your holiday 50 to 100 Tl to the room cleaners.

Does post office sell Turkish Lira?

If you want to buy Turkish lira holiday money from the Post Office,

you can do so online, in thousands of participating branches or on a Travel Money Card

. Our Click & Collect service allows you to order Turkish lira online and pick up your cash at a designated branch.

Can I use dollars in Istanbul airport?


You can use GBP, Euro, USD, Turkish lira or any other hard currency

. You can also use your debit card or credit card.

Is it better to take Euros or lira to Turkey?

It is against the law in Turkey to refuse to take Lira. So

best to use it

. If you have Euros you want to spend. The Airport Shops sell in Euros.

How do I get the best exchange rate?


Local banks and credit unions usually offer the best rates

. Major banks, such as Chase or Bank of America, offer the added benefit of having ATMs overseas. Online bureaus or currency converters, such as Travelex, provide convenient foreign exchange services.

Do they accept Euros in Turkey?

The legal currency of Turkey is the Turkish lira. The euro is not a pan-European currency. It is always best to use the legal currency of any country you visit.

You may find a few people/places in e.g Istanbul which will accept euro as well as TL

.

How much spending money will I need for a week in Turkey?

A vacation to Turkey for one week usually costs around

TRY3,038 for one person

. So, a trip to Turkey for two people costs around TRY6,077 for one week. A trip for two weeks for two people costs TRY12,154 in Turkey.

Can you spend dollars in Turkey?

In Turkey use TL for best prices.

Only a few touristic places will accept Euros or USD

but TL is the currency of the country so use it.

Where can I withdraw money for free?

Start With Your Bank

The simplest solution is to

visit your bank or credit union

when you need to withdraw cash, although that’s not always the most convenient option. Your bank’s ATM should be free for you to use, but customers from other banks most likely have to pay fees at the same machines.

Can I use my bank card in Turkey?

Credit and debit cards are widely used in Turkey.

Visa and MasterCard are accepted in most places

, with American Express payment available in high-end hotels and restaurants. If you’re travelling off the beaten track or shopping in market stalls and Souks, then it’s a good idea to have some cash on you.

Do I need cash in Turkey?


Turkish Lira is accepted in Turkey but still most of the places accept Euro or Dollars with lower currency rate

. What is the best way to pay in Turkey? Most of the restaurants, hotels, cafes are accepting credit cards Visa or Mastercard. Paying cash in Turkish Liras can save you becuase of exchange rates.

Can airport scanner detect money?

Are Airport Searches for U.S. Currency Legal? TSA screeners often stop and detain travelers for bringing a wad of cash to the airport for a domestic flight. Although

TSA can’t take your money

, they might attempt to call in a law enforcement officer to seize your money for civil asset forfeiture.

How do you hide money when traveling?

  1. Money belts that look like real belts. These belts have zippered pockets for cash (although nothing larger).
  2. Money socks. Zip It Gear makes security socks with a zippered compartment large enough for a passport and cash. …
  3. Pocket underwear. …
  4. Money bra. …
  5. A hair roller.

What happens if I bring more than 10000 USD?

If you bring more than $10,000 USD

you have to notify customs and fill out a Report of International Transportation of Currency and Monetary Instruments

(FinCEN 105). It’s very important to know that this means any form of cash that equals $10,000 USD.

Can I exchange money from ATM?


The simplest way to obtain local currency abroad is by using an ATM or automated teller machine

. An ATM will normally give you a better exchange rate than you’d get if you were buying foreign currency with cash or traveler’s checks, since the exchange is made at the interbank wholesale rate.

How do you trade Turkish Lira?
  1. #1 Check the spread.
  2. #2 Check your position size.
  3. #3 Using moving average to define and limit risk.
  4. #4 – Keep an eye on the EUR/USD pair.
  5. #5 Keep an eye on the news.
  6. This post was submitted by LegacyFX.

Can I withdraw USD in Istanbul?


Using ATMs Is Common and Safe

But do check with your bank first how much they charge for every transaction and let them know you’ll be travelling to Istanbul soon. If their fees are too high, you may opt to bring Dollars or Euros along and exchange them in Istanbul.

Ahmed Ali
Author
Ahmed Ali
Ahmed Ali is a financial analyst with over 15 years of experience in the finance industry. He has worked for major banks and investment firms, and has a wealth of knowledge on investing, real estate, and tax planning. Ahmed is also an advocate for financial literacy and education.