Can you only exchange old Turkish lira in turkey?

Yes, the old Turkish lira (TRL) can only be exchanged in Turkey. The Central Bank of the Republic of Turkey (CBRT) is the only institution authorized to exchange TRL for the new Turkish lira (TRY). Exchange transactions can be made at CBRT branches, authorized banks, and certain post offices in Turkey.

The CBRT has set a deadline for exchanging TRL banknotes and coins. After the deadline, any remaining TRL will no longer be considered legal tender and will have no value. The current deadline for exchanging TRL is December 31, 2023.

To exchange TRL, individuals must present their valid identity documents (e.g., Turkish ID card, passport) and the TRL banknotes or coins they wish to exchange. Exchange rates are determined by the CBRT and are subject to change.

It's important to note that the old Turkish lira (TRL) is no longer used for any transactions in Turkey. All prices, payments, and financial transactions are conducted using the new Turkish lira (TRY).