Glossary entry

Turkish term or phrase:

TRY or TL

English translation:

TL

Added to glossary by transnirvana
May 25, 2011 08:10
13 yrs ago
15 viewers *
Turkish term

TRY or TL

Turkish to English Bus/Financial Finance (general) Currency Abbreviation
Which is the current correct abbreviation for the Turkish Lira? It looks like TRY stands for the New Turkish Lira, so since the new currency in 2009 changed the name to Turkish Lira, is the abbreviation now TL?

This will be included in a legal article for a general audience.
Proposed translations (English)
5 +3 TL
5 TRY
3 +1 TRY
Change log

Jun 8, 2011 04:03: transnirvana Created KOG entry

Discussion

Recep Kurt May 26, 2011:
Current ISO code Wikipedia's info might be outdated; current ISO 4217 code (http://www.currency-iso.org/dl_iso_table_a1.xls) lists the alphabetic code as TRY, so Erkan's answer (as the first answer) is correct
Faruk Atabeyli May 25, 2011:
ISO code ISO lists Turkish Lira as TRL. However, many institutions including our own Central bank and the Europa database still have not updated and list TRY as the Turkish currency. For the purposes of a non technical (in finance sense) article, TL should be fine. http://tr.wikipedia.org/wiki/ISO_4217
Erkan Dogan May 25, 2011:
Could be both, depends on the text. Your text sounds like that you will have to use TL. However, TRY is the three-digit international code for Turkish Lira (like USD for US Dollar, EUR for Euro, or GBP for British Pound) and is NOT necessarily the abbreviation of New Turkish Lira. If your text is greatly/exclusively focused on currency exchange rates, then you may have to use TRY. If it is a general text (as you point out), then TL should suffice.

Proposed translations

+3
5 mins
Selected

TL

It was YTL for some period when 6 zeros (eg. 1.000.000 TL became 1 YTL) are removed, but it is now again TL.
Peer comment(s):

agree Mehmet Hascan
13 mins
Teşekkürler
agree ATIL KAYHAN
36 mins
Teşekkürler
agree Faruk Atabeyli : Actually it is TRL but for the purposes of the asker TL should be fine.
1 hr
Teşekkürler
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Selected automatically based on peer agreement."
1 hr

TRY

Exchange rates:

Turkish liras (TRY) per US dollar -
1.5181 (2010)
1.55 (2009)
1.3179 (2008)
1.319 (2007)
1.4286 (2006)


USD/TRY 1 ABD DOLARI


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Note added at 1 hr (2011-05-25 09:14:26 GMT)
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Both the CIA Factsbook webpage and the Turkish Central Bank webpage indicate the Turkish Lira's official nomination as TRY.
Something went wrong...
+1
53 mins

TRY

If the text is addressing an international audience. I would not propose as an answer, but as I said, it depends on your text.

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Note added at 1 hr (2011-05-25 10:05:22 GMT)
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International code for Turkish Lira was never YTL. Also, we abandoned the use of YTL. So I am not sure how relevant YTL is here. It was only what we had to use temporarily (and domestically) until we switched back to TL. It is a common sense as $ is used domestically in the US and € is used in the European Union likewise. They switch to the international code when the document needs to address and international audience. Otherwise, the whole time after we started to use YTL and TL afterwards, the TRY remained as the only international code for Turkish Lira.
Peer comment(s):

agree Recep Kurt
1 day 11 hrs
Teşekkür ederim.
Something went wrong...
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