What You Need to Know When Traveling to Turkey - Currency and Payment Methods

Understanding the currency and payment methods in Turkey is essential for a hassle-free trip. Turkey's financial systems are well-developed, making money management easy for most tourists. Here’s everything you need to know about currency, payment methods, and practical tips in Turkey.

1. Turkey’s Official Currency: Turkish Lira (₺)

• About the Turkish Lira:
• The official currency of Turkey is the Turkish Lira (TRY or ₺). Banknotes come in denominations of 5, 10, 20, 50, 100, and 200 lira, while coins are available in 1 kuruş (1/100 lira), 5 kuruş, 10 kuruş, 25 kuruş, 50 kuruş, and 1 lira.
• Exchange Rates:
• Exchange rates fluctuate daily, and tourists wishing to exchange currency can do so at various banks, exchange offices, and hotels. The best exchange rates are usually found at exchange offices and banks. For up-to-date exchange rates, you can visit the official website of the Central Bank of the Republic of Turkey here.

2. Currency Exchange and ATM Use

• Currency Exchange:
• Currency exchange is common in Turkey, especially in major cities and tourist areas. You can find exchange offices at airports, large hotels, and shopping centers. It’s important to be aware of low commission rates when exchanging currency. Additionally, you may need to carry your passport for identification.
• ATM Use:
• ATMs are widely available throughout Turkey and allow easy cash withdrawals using credit or debit cards. Most ATMs offer an English language option and generally accept international cards like Visa and MasterCard. However, be aware that your bank may charge a foreign transaction fee.

3. Credit Cards and Debit Cards

• Credit Card Use:
• Credit card use is widespread in Turkey, and most restaurants, hotels, shops, and tourist attractions accept international cards like Visa and MasterCard. While American Express is accepted at luxury venues and in major cities, it may not be as widely accepted elsewhere.
• Debit Cards:
• Debit cards can also be used for purchases in Turkey, but you should ensure that your card is authorized for international transactions. It’s advisable to check with your bank before your trip.

4. Mobile Payment and Contactless Payment Methods

• Mobile Payment:
• Mobile payment systems are becoming increasingly popular in Turkey. Some places accept international mobile payment services like Apple Pay and Google Pay. However, be aware that these services may not be accepted everywhere.
• Contactless Payment:
• Most stores and restaurants in Turkey accept contactless payment. To use contactless payment, simply tap your card on the POS terminal for a quick transaction.

5. Tipping and Payment Tips

• Tipping:
• Tipping is a common practice in Turkey. In restaurants, it is customary to leave a tip of 5-10% of the bill. Tipping taxi drivers is also common.
• Bargaining:
• Bargaining is common in markets throughout Turkey and is considered part of the shopping experience for both seller and buyer. However, prices in stores are generally fixed.

6. Online Payment and Secure Shopping

• Online Payment Methods:
• In Turkey, online payments using credit or debit cards are common, especially for e-commerce. Ensure you are shopping from secure sites and avoid suspicious websites.
• Security Tips:
• When shopping online, always use secure connections (https://). Additionally, be careful not to share your card details with third parties.

For more information about currency and payment methods in Turkey, you can visit the following resources:

• Central Bank of the Republic of Turkey
• Visa Turkey
• MasterCard Turkey