Lira, Currency system in Lebanon and Turkey
Lira refers to the official means of payment in Turkey, Lebanon and partly in Syria, with each country issuing its own banknotes and coins in different denominations. These currencies are accepted in shops, restaurants and hotels, while ATMs dispense them in larger cities.
The Turkish lira underwent a significant change in 2005 when the government replaced old banknotes with new ones at a ratio of 1:1,000,000.
Most merchants in Beirut display prices simultaneously in local currency and dollars, with handwritten signs showing the current exchange rate. In Turkish bazaars, vendors often negotiate in multiple currencies and adjust their offers instantly to fluctuations.
Travelers should carry smaller bills, as change can sometimes be scarce in rural areas or smaller shops. It is advisable to have different payment options ready, as not all places accept credit cards or foreign cash.
Lebanese banknotes often display bilingual text, while Turkish coins sometimes bear portraits of historical figures alongside modern symbols. The color schemes of banknotes help locals distinguish denominations quickly, especially in low light at markets or in taxis.
The community of curious travelers
AroundUs brings together thousands of curated places, local tips, and hidden gems, enriched daily by 60,000 contributors worldwide.
