The Turkish lira is the legal tender of Turkey. The code name of ISO42 17 is TRY. In 2005, 65438+1 October 1 started to use the new Turkish lira, 1 0,000,000 old Turkish lira was exchanged for1new Turkish lira. Turkish lira is a monetary unit, 1 lira = 100 kuru. Since 20 16 12, the Turkish central bank has conducted direct transactions between RMB and Hungarian forint, Danish krone, Polish zloty, Mexican peso, Swedish krona, Turkish lira and Norwegian krona in the inter-bank foreign exchange market. In recent years, Turkey's social and economic development has obviously slowed down, the inflation rate has remained high, the unemployment rate has hit record highs, and various social contradictions have begun to appear. In 20 14, Turkey's GDP increased by 2.9%, which was10.3 percentage points lower than that in 20 13, and the gap between Turkey and the government's economic growth target was obvious. The Turkish lira hit a record low against the US dollar, and the Turkish central bank said it would study countermeasures.