Exchange rates in airports are lower than usual, so if possible try to exchange it in your own country or there will be a chance for you to go to an exchange bureau on the opening day.
Banks are open Mon-Fri 09:00-17:00. Automatic Teller Machines (ATMs) are available throughout the city, including few in our own Robert College campus.
Visa and Master credit cards are accepted by hotels, shops and restaurants. Some accept American Express as well.
Turkish currency is Turkish Lira (TL). The banknotes are 5 TL, 10 TL, 20 TL, 50 TL, 100 TL and 200 TL. There is coinage for 1 Kurus, 5 Kurus, 10 Kurus and 25 Kurus. 100 Kurus (Krs) equals to 1 Turkish Lira.
Value Added Tax
Value Added Tax rates are from 1% to 18% depending on the goods.
VAT Refunds for Visitors
You can ask for VAT refund if
Your total purchase in store is more than 100 TL
You are foreign citizen / You are a Turkish citizen living abroad.
Offices for refund are available in the airports. For refund, you must bring your purchases, receipt and passport.