CURRENCY AND CASH IN ISTANBUL
Please note that in istanbul you do need to have Turkish Lira on you if you wish to get about as not many places would accept foreign currency.
To start with, you do not need to exchange your currency in yor own country. Simply because you can get higher currency exchange rates in Istanbul, especially in Sultanahmet area.
Dont worry about where you can exchange your currency as there are many visible places who does exchange currency.
Obviously you would like to have peace of mind, then we suggest you use the Exchange offices based in the Sultanahmet area. They have clear signs indicating the latest figures and do not operate in commission bases. Addition to that, Grand Bazaar would be also an ideal place to exchange your money in to Turkish Lira.
If you are considering to bring along Travellers Cheques then be aware that you can exchange them in the Banks and there is usually a surcharges applicable can be high as 20 dolar per Cheque, remember to take your passport with you to the Bank.
ATM's or Hole in the Walls as some say are everywhere in Istanbul. Regards to ATM you have nothing to worry about. Only do not expect to draw out in your own currency. It will be in Turkish Lira.
Also, make sure that you do speak to your bank before traveeling abroad how much will cost you per transaction in Turkey. As you know, when Debit cards used abroad usually there is up to 5% extra charges. With other words for every Hundred dolar or sterling you are drawing out from the Cash Machine you will be paying a fiver.
Alternativly if you are not much a spender, if possible bring smaller banknotes with you and you can exchange them when ever , where ever you need it.
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