The term "kuruş" refers to a subunit of the Turkish currency, the Turkish lira. One kuruş is equal to one-hundredth of a lira, similar to how a cent relates to a dollar. The kuruş is used in everyday transactions in Turkey, allowing for precise pricing of goods and services. Historically, the kuruş has its roots in the Ottoman Empire, where it was used as a form of currency. Today, coins in denominations of 1, 5, 10, 25, 50 kuruş, and 1 lira are commonly in circulation, facilitating small purchases and making it easier for consumers to manage their finances.