Currency
The Turkish economy, which is seen among the world's newly industrialized countries, has been defined as an emerging market economy by the International Monetary Fund (IMF). Turkey is the country with the 20th largest economy in the world by nominal GDP and the 11th largest economy in the world by PPP GDP. The Turkish lira (TL; ₺; TRY) is the official currency used in the Republic of Turkey and the Turkish Republic of Northern Cyprus. The printing activity of the Turkish lira is carried out by the Central Bank of the Republic of Turkey.