Since January 1st, 2009, the Turkish Lira (TL) replaced the New Turkish Lira, which changed its name after four years of circulation.
The change of the Turkish Lira, against the Euro, is 1.00 Euro = 2.6 TL. There are coins of 5, 10, 25 and 50 kuruş (cents) and 1 lira, and banknotes of 5, 10, 25, 50, 100 and 200 lira. In shops or taxis they usually do not accept large bills, so you should try to carry some change for small payments and always double check the change.
To change money we can use ATMs (American Express, Visa, MasterCard, Cirrus, Maestro and Eurocard), as almost all ATMs provide you instructions in several languages. You can also change money at hotels, banks and exchange offices. Credit cards tend to accepted in hotels, restaurants and shops.
In the near cities of Izmir, Selçuk and Kusadasi you will find ATMs, banks and exchange oficces with no problem at all.