The official currency of Turkey is the Turkish lira (TRY). One lira is divided into 100 kurus. There are different banknotes and coins in circulation including 5, 10, 20, 50, 100, 200 TL banknotes, and 5, 10, 25, and 50 kurus coins, as well as 1 lira coins. Many businesses in popular tourist areas, such as hotels and restaurants, also accept major foreign currencies like US dollars and euros.