Turkish Monetary Unit (Noun)
Meaning
Monetary unit in Turkey.
Classification
Nouns denoting quantities and units of measure.
Examples
- The Turkish lira is the official Turkish monetary unit and is subdivided into 100 kuruş.
- In 2005, Turkey dropped six zeros from its Turkish monetary unit as part of its economic reforms.
- The Central Bank of the Republic of Turkey is responsible for regulating the Turkish monetary unit.
- As the official Turkish monetary unit, the lira is used in all financial transactions within the country.
- In an effort to combat inflation, the Turkish government revalued its Turkish monetary unit in 2005.