While currencies such as dollar, euro and sterling are the most traded currencies in the world, there are hundreds of other currencies and these are called mixed currencies. For example, UAE dirham, Swiss franc, Chinese yuan, Japanese yen, Russian ruble, Saudi Arabian riyal, Georgian lari, Bulgarian lev.
1-2 PERCENT COMMISSION
The exchange offices we talked to in Grand Bazaar, Laleli and Tahtakale generally say that they want the currencies of neighboring countries such as Georgia, Romania and Bulgaria, but they do not have many of these currencies on hand. They charge a 1-2 percent commission and are not traded as frequently as other coins. There is a lot of activity in the dollar and euro. People in the stock market, which makes instant transactions, wait in the market until the closing time of the markets. There is generally activity in Gulf currencies during the summer months.
WHAT IF IT’S FAKE?
Mr. Ali, who works in a foreign exchange office in the Grand Bazaar, shares the information that the market revolves around dollars and euros and that citizens generally buy. “Sometimes the screens are turned off, then those who buy and sell may panic,” he said. Mr. Hasan, who works in the office next door, explained that they have Gulf country money, but not Georgian Lari.
“If they want to buy in high amounts, we keep them waiting, try to find them, or direct them to banks,” he said. Since these coins are unfamiliar, they may sometimes go out of circulation or be counterfeit. Explaining that they could not take precautions against this situation, Mr. Hasan said, “Since they are not frequently used currencies, we can look suspiciously at those who suddenly ask for high amounts.”
SYRIAN POUND IS NOT IN CIRCULATION
Ms. Sinem and Mr. Erkan, who work as a couple at the foreign exchange office in Laleli, shared the information that mixed currencies are generally more active in the summer months. Giving information about the Syrian pound on the agenda, Mr. Erkan said, “In 2011, before the civil war, 1 dollar was worth 47 Syrian liras, but today, one dollar is worth 3 thousand Syrian liras. However, as far as we know, Turkish lira can currently be used in Syria.” he said.
THE LATEST SITUATION OF THE COINS
The latest situation with the money is as follows:
Kuwaiti Dinar: 113.74 TL
Qatar Riyal: 9.60 TL
UAE dirham: 9.52 TL
Swiss franc: 39.02 TL
Chinese yuan: 4.80 TL
Japanese yen: 0.23 TL
Russian ruble: 0.34 TL
Georgian Lari: 12.45 TL
Bulgarian Lev: 18.79 TL
Danish krone: 4.92 TL
Azerbaijani manat: 20.56
Indian rupee: 0.41 TL
Kyrgyzstan som: 0.40 TL
Cuban peso: 1.46 TL
Thai baht: 1.02 TL
THE MOST VALUABLE CURRENCIES IN THE WORLD
The most valuable currencies in the world as of 2024 are as follows:
Kuwaiti dinar: 113.83 TL
Bahraini dinar: 92.89 TL
Omani rial: 90.96 TL
Jordanian dinar: 49.37 TL
British pound: 44.42 TL
Cayman Islands dollar: 42.07 TL
Euro: 36.74
Swiss franc: 39.19 TL
US dollar: 35.02 TL
Canadian dollar: 24.45 TL
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