The currency used in Turkey is the Turkish lira, abbreviated as TRY. The lira has undergone several changes throughout its history, especially with the introduction of the new Turkish lira (YTL) in 2005, aimed at stabilizing the economy by removing six zeros from the previous currency. The lira is further divided into kuruş, with one lira equal to 100 kuruş. The currency plays a significant role in Turkey's economy, reflecting both domestic conditions and international economic trends. As Turkey's economy evolves, the exchange rate of the lira against other currencies can fluctuate significantly.