First of all, in 1999, I could use about thirty words in Turkish and most of those were big numbers. Why big numbers, you ask? Well, at that time, the exchange rate was about 400,000 lira to 1 U.S. dollar. Very confusing for people with my powers of calculation. Since 2005, the New Turkish Lira has been used. Basically, they dropped six zeros, and reinstated a smaller denomination, the kuruş (100 YKr = 1 YTL). So now, the rate is about 1.22 YTL to 1 U.S. dollar. Also, there is the Euro to contend with. The Euro is stronger than the dollar; currently, it is .64 EUR to 1 USD.
When I look on Craigslist at sublets/temporary housing in Istanbul, the header will list a price in Lira and then in the detailed description will have the same number in Euros. Nice trick!
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