The Turkish lira (Currency sign : ₺ / ; Turkish: Tuerk türk) lirası is the currency Of turkey and The Turkish republic Of Northern (cyprus recognised only By). Turkey The turkish lira is subdivided into 100. kuruşfter periods of the lira pegged to the British pound and the French franc, a peg of 2.8 Turkish lira = 1 U.S. dollar was adopted in 1946 and maintained until 1960, when the currency was devalued to 9 Turkish lira = 1 dollar.