Should I Carry Cash In Turkey? Like every where in the world Cash is King. All business still accept cash small business may only accept cash.
Should I Carry Cash In Turkey?
In this article, we’ll explore whether it’s necessary to carry cash when visiting Turkey. We’ll discuss the advantages and disadvantages of using cash versus other payment methods, such as credit cards or mobile payment apps. By the end, you’ll have a better understanding of what payment options are available and which one might be more convenient and practical for your travels in Turkey. Turkey, known for its vibrant culture and rich history, is a popular tourist destination. Whether you’re exploring the bustling streets of Istanbul or basking in the beauty of Cappadocia, it’s important to consider the currency situation in the country before you embark on your journey. In this article, we will discuss the advantages and disadvantages of carrying cash in Turkey, as well as explore alternative payment methods and provide tips on how to carry cash safely.
Currency in Turkey
Turkey’s official currency is the Turkish Lira (TRY). It is denoted by the symbol “₺” and is divided into 100 kurus. As of the time of writing, the exchange rate is approximately 1 GBP to 34 TRY. However, exchange rates can fluctuate, so it’s always a good idea to check the latest rates before your trip.
Advantages of Carrying Cash
Carrying cash has its advantages, especially when you’re traveling in Turkey. Here are a few reasons why carrying cash can be beneficial:
Easy Transactions
Carrying cash provides you with the flexibility to pay for goods and services without relying on card machines or internet connectivity. In some remote areas or smaller establishments, cash may be the only accepted form of payment. Having cash on hand ensures that you can easily make transactions wherever you go.
Wide Acceptability
While credit and debit cards are widely accepted in larger cities and tourist areas, you may find that cash is still the preferred method of payment, especially in local markets or smaller towns. Carrying cash allows you to be prepared for situations where cards may not be accepted.
Avoiding Extra Charges
Using cards for transactions can sometimes lead to additional charges, such as foreign transaction fees or currency conversion fees. By carrying cash, you can avoid these extra costs and potentially save money during your trip.
Disadvantages of Carrying Cash
Although carrying cash can be convenient, there are also some disadvantages to consider:
Risk of Theft
Carrying a large amount of cash puts you at risk of theft. In crowded places or busy tourist areas, pickpockets may target unsuspecting travelers. Losing your cash can be a significant setback, not only financially but also in terms of your overall travel experience.
Limited Safety Measures
Unlike cards, cash does not offer the same level of security measures. If you lose your cash or it gets stolen, you have little to no chance of recovering it. This lack of safety measures can be worrisome for some travelers, especially when carrying a substantial amount of money.
Difficulty in Tracking Expenses
Carrying cash can make it challenging to keep track of your expenses. Without a record of your transactions, it may be harder to stick to your budget and manage your finances effectively. It’s important to be diligent in documenting your cash transactions to avoid overspending or losing track of your expenses.
Alternatives to Cash
If you’re not comfortable carrying large amounts of cash, or if you want to have backup options, there are alternative payment methods available in Turkey. Some popular alternatives include:
Credit and Debit Cards
Credit and debit cards, especially those with international functionality, are widely accepted in larger cities and tourist areas. It’s advisable to inform your bank about your travel plans to avoid any potential issues with card authorization. Always carry a backup card in case your primary card is lost or stolen.
Read Can I Use My UK Debit Card In Turkey?
Mobile Payments
With the rise of technology, mobile payment options have become increasingly popular in Turkey. Apps like “GarantiPay” and “iPara” allow you to make payments using your smartphone. These apps are widely accepted in many establishments, including shops, restaurants, and transportation services.
Traveler’s Cheques
Traveler’s cheques are a secure alternative to carrying cash. They can be exchanged for local currency at banks or exchange offices. However, it’s important to note that traveler’s cheques are becoming less commonly accepted in Turkey, so it may be best to have other payment methods as well.
Factors to Consider
When deciding whether to carry cash in Turkey, several factors should be taken into consideration:
Security
Your personal safety should always be a top priority. Assess the level of security in the areas you plan to visit and consider the risks associated with carrying cash. If you decide to carry cash, take necessary precautions to minimize the chances of theft.
Convenience
Consider the convenience of your chosen payment method. Cash may be more convenient in certain situations, while cards or mobile payments may be more suitable in others. Think about the places you plan to visit and the types of establishments you will frequent to determine the most convenient payment method for your trip.
Specific Travel Purpose
Your specific travel purpose can also influence your decision to carry cash. If you’re planning to visit local markets or bazaars, cash is often the preferred form of payment. On the other hand, if you’re mainly visiting larger cities and tourist areas, you may find that card payments are more widely accepted.
Tips for Carrying Cash Safely
If you decide to carry cash in Turkey, it’s essential to take precautions to ensure its safety. Here are a few tips to help you carry cash safely:
Divide Your Cash
Avoid keeping all your cash in one place. Split your money into multiple locations, such as different pockets, bags, or a money belt. This way, if one location is compromised, you still have access to some money.
Use a Money Belt
Consider using a money belt to keep your cash secure. A money belt is a small, wearable pouch that can be worn around your waist, under your clothing. It provides an extra layer of protection against pickpockets.
Keep Small Denominations
Having small denominations of cash can be beneficial when making purchases. It allows you to give exact change and lowers the likelihood of drawing unnecessary attention to yourself.
Local Attitudes Towards Cash
It’s important to understand the local attitudes towards cash when traveling in Turkey. Here are a few things to keep in mind:
Cash Dominated Economy
Turkey is still largely a cash-dominated economy. While larger businesses and establishments may accept cards, smaller businesses, local markets, and street vendors often prefer cash payments. It’s always wise to have some cash on hand, especially when visiting more remote areas.
Tipping and Small Purchases
In Turkey, it is customary to tip in cash. Whether you’re dining at a restaurant, staying at a hotel, or receiving a service, cash tips are appreciated by service providers. Additionally, for small purchases like snacks or street food, cash is usually the preferred method of payment.
Marketplaces and Bazaars
When visiting local markets and bazaars in Turkey, it’s important to have cash available. Many vendors may not accept cards, and cash is generally the easiest and most convenient way to make purchases in these settings.
Read What Are The Best Things To Buy In Turkey?
For Turkey Travel Advice visit https://www.gov.uk/foreign-travel-advice/turkey
Conclusion
Deciding whether to carry cash in Turkey depends on various factors such as security, convenience, and your specific travel purpose. Carrying cash can be advantageous for easy transactions, wide acceptability, and avoiding extra charges. However, it also comes with risks such as theft and limited safety measures. Consider alternative payment methods like credit and debit cards, mobile payments, or traveler’s cheques if carrying cash is not your preferred option. Lastly, remember to evaluate your own needs, carry a considerable amount of cash for smaller establishments, and always have backup options available. Happy travels!