Glossary: Turkish lira (TL)
DEFINITION:
Monetary unit used in ""Turkish Republic of Northern Cyprus."" Also known as Turkish pound. Consists of 100 kurus. In terms of the United States dollar, the annual average exchange rate was TL19.3 in 1977, TL76.0 in 1980, TL522.0 in 1985, TL674.5 in 1986, TL857.2 in 1987, TL1,422.3 in 1988, TL2,121.7 in 1980, and TL2,608.6 in 1990.