Definition, Meaning & Synonyms
lir
noun
/lɪr/
Definition
A unit of currency used in Turkey until it was replaced by the New Turkish lira in 2005.
Examples
- The lir was the official currency in Turkey for many decades.
- Before traveling to Turkey, I exchanged my dollars for lira to use during my visit.
- The old lir was phased out due to hyperinflation, making way for the new Turkish lira.
Meaning
The lir was the primary currency of Turkey before the introduction of the new lira, which came into effect to reduce inflation and stabilize the economy.
Synonyms
- None, as ‘lir’ refers specifically to the historical currency of Turkey.
