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Current Currency in Turkey

I read that Turkey is in the process of becoming an EU member. Does that mean they have converted to the Euro?

Posted by
920 posts

The negotiations between the EU and Turkey are at a standstill. And not all EU countries use the euro. The official currency of Turkey continues to be the lira.

Posted by
5933 posts

It's unlikely that Turkey will ever join the EU so for the foreseeable future they will use the Lira. Be aware that inflation remains very high and the country is considered a hyperinflationary economy with prices reflecting this.

Posted by
25385 posts

EDIT, thank you Dutch_Traveler, it is indeed a twisted mess.

European countries IN the EU but NOT in the Eurozone and do NOT use the Euro.

  • Czech Republic
  • Denmark
  • Hungary
  • Poland
  • Romania
  • Sweden

European countries NOT in the EU and NOT in the Eurozone who DO use the Euro based on a monetary agreement with the EU.

  • Andorra,
  • Monaco,
  • San Marino,
  • Vatican City

European countries NOT in the EU and NOT in the Eurozone that DO use the Euro without monetary agreement with the EU.

  • Montenegro
  • Kosovo

European Countries NOT on the Euro with its own currency pegged or fixed to the Euro

  • Bosnia & Herzegovina (not EU)
  • North Macedonia +/- (not EU)
  • Denmark (EU)

Countries with land area within the continent of Europe that are NOT members of the EU

  1. Albania,
  2. Andorra,
  3. Azerbaijan,
  4. Belarus,
  5. Bosnia and Herzegovina,
  6. Georgia,
  7. Iceland,
  8. Kazakhstan,
  9. Kosovo,
  10. Liechtenstein,
  11. Moldova,
  12. Monaco,
  13. Montenegro,
  14. North Macedonia,
  15. Norway,
  16. russia,
  17. San Marino,
  18. Serbia.
  19. Switzerland,
  20. Turkey,
  21. Ukraine,
  22. United Kingdom.
  23. Vatican City.
Posted by
2106 posts

Mr E; Your list above is not complete.
Andorra, Monaco, San Marino and Vatican City are also not EU members, but the Euro is their official currency and they even have the right to mint their own euro coins.