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The Turkish lira (Currency sign : âº / ; Turkish: Tuerk tÃ¼rk) lirasÄ± is the currency Of turkey and The Turkish republic Of Northern (cyprus recognised only By). Turkey The turkish lira is subdivided into 100. kuruÅhe Ottoman lira was introduced as the main unit of currency in 1844, with the former currency, kuruÅ, remaining as a 1/100 subdivision. The Ottoman lira remained in circulation until the end of 1927.