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While Official Figures Claim Turkey’s Inflation Rate Is 85%, Third-Party Stats Say It’s Closer to 200%

Inflation has skyrocketed in Turkey as official figures from the Turkish Statistical Institute (Tüik) show the country’s inflation rate topped 85.5% year-on-year. The inflation rate in Turkey has risen for…

Continue ReadingWhile Official Figures Claim Turkey’s Inflation Rate Is 85%, Third-Party Stats Say It’s Closer to 200%

Report: 42.9% of Turks View Gold as Best Form of Investment, Only 1.9% Would Invest in Crypto

A new study has found that nearly 43% of Turkish individuals surveyed consider gold to be the best form of investment, while just 1.9% said they would invest in cryptocurrencies.…

Continue ReadingReport: 42.9% of Turks View Gold as Best Form of Investment, Only 1.9% Would Invest in Crypto

Turkey’s Inflation Rate Surges to 70%, Monthly Rate of Change Now 7.25%

The latest data from the Turkish Statistical Institute (TSI) shows that rising transportation and food costs were some of the key factors contributing to the surge in the country’s inflation…

Continue ReadingTurkey’s Inflation Rate Surges to 70%, Monthly Rate of Change Now 7.25%

Turkey Reveals Scheme That Encourages the Conversion of Gold Deposits Into Lira Time Deposits

The Central Bank of the Republic of Turkey recently revealed it made the decision to provide incentives to gold deposit and participation fund holders that request to convert these into…

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Turkish Lira Slump Contributes to Rise in Turkey’s Daily Crypto Trades to Over One Million

The popularity of cryptocurrencies in economically embattled Turkey has continued to surge with the number of daily trades now surpassing one million, a report has said. This surge in trades…

Continue ReadingTurkish Lira Slump Contributes to Rise in Turkey’s Daily Crypto Trades to Over One Million