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Turkey Probes Fresh Signals of Counterfeit Old-Design Dollars in Tourist Hubs

The industry group denies any ban, calling reports of massive inflows exaggerated.

Overview

  • Government departments received alerts about suspect $50 and $100 notes of older design in Istanbul and Antalya, with checks underway.
  • Officials reported no widespread complaints from Russian tourists but will gather additional data in response to media reports.
  • The Association of Authorized Institutions said dollars of any series remain accepted at exchanges and banks and that no restrictions have been imposed.
  • Exchange operators said old-series bills face extra screening, with worn or heavily marked notes often refused and some banks accepting them mainly for deposit.
  • Market caution dating to autumn 2024 has reduced circulation of older notes as the central bank coordinates with law enforcement on counterfeit risks.