The Turkish Lira is the official currency of Turkey. It is abbreviated as TRY and is symbolized by "₺". The lira has undergone several changes and revaluations throughout its history, with the current version being introduced in 2005 to replace the old lira, which had suffered from hyperinflation. The value of the Turkish lira can fluctuate significantly due to various economic factors, including inflation rates, interest rates, and political stability. As a result, it is closely monitored by investors and economists, both within Turkey and globally.