Turkish lira exchange in Wrocław

The official currency of Turkey and the partially recognized Turkish Republic of Northern Cyprus, the new Turkish lira was introduced on January 1, 2005, replacing the old post-renomination Turkish lira, and was intended to simplify financial transactions and restore confidence in the currency after years of inflation. The Central Bank of the Republic of Turkey is responsible for issuing currency, managing foreign exchange reserves and maintaining financial stability in the country. The currency plays a key role in the economy of Turkey, which is one of the largest economies in the world - the main sectors of the economy are agriculture, industry, construction, services and tourism. The exchange rate of the Turkish lira in exchange offices and on the currency exchange is fluid and changes depending on market forces, and Turkish banknotes contain advanced security features such as watermarks, holograms and security threads to prevent counterfeiting.