The currency of Turkey is the Turkish lira. The lira has undergone various changes and revaluations throughout its history. In 2005, the Turkish government introduced the New Turkish Lira (TRY), effectively removing six zeros from the previous currency to combat hyperinflation. The lira is subdivided into kuruş, and it's an important aspect of Turkey's economy. The currency exchange rates can fluctuate significantly based on various factors, including economic conditions, political stability, and foreign investment. Understanding the lira's value is crucial for anyone engaged in trade or travel within Turkey.