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3232While Official Figures Claim Turkey’s Inflation Rate Is 85%, Third-Party Stats Say It’s Closer to 200%
https://www.digit.info/while-official-figures-claim-turkeys-inflation-rate-is-85-third-party-stats-say-its-closer-to-200/
Sat, 05 Nov 2022 21:30:07 +0000https://www.digit.info/2022/11/05/while-official-figures-claim-turkeys-inflation-rate-is-85-third-party-stats-say-its-closer-to-200/Read more]]>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 17 consecutive months and last month it reached a 24-year high. Turkey’s Interest Rate Remains Low, While Inflation Runs Rampant Turkey, the transcontinental country located […]
]]>Report: 42.9% of Turks View Gold as Best Form of Investment, Only 1.9% Would Invest in Crypto
https://www.digit.info/report-42-9-of-turks-view-gold-as-best-form-of-investment-only-1-9-would-invest-in-crypto/
Mon, 30 May 2022 10:00:41 +0000https://www.digit.info/2022/05/30/report-42-9-of-turks-view-gold-as-best-form-of-investment-only-1-9-would-invest-in-crypto/Read more]]>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. Real estate is the next most-preferred after gold, with 27.4% of the respondents saying they would invest. Fewer Turks Now View Gold as Best Investment […]
]]>Turkey’s Inflation Rate Surges to 70%, Monthly Rate of Change Now 7.25%
https://www.digit.info/turkeys-inflation-rate-surges-to-70-monthly-rate-of-change-now-7-25/
Sat, 07 May 2022 11:15:41 +0000https://www.digit.info/2022/05/07/turkeys-inflation-rate-surges-to-70-monthly-rate-of-change-now-7-25/Read more]]>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 rate to 70%. Economic Revival Efforts Not Bearing Fruit Rising commodity prices and increased transport costs are some of the key contributing factors behind the […]
]]>Turkey Reveals Scheme That Encourages the Conversion of Gold Deposits Into Lira Time Deposits
https://www.digit.info/turkey-reveals-scheme-that-encourages-the-conversion-of-gold-deposits-into-lira-time-deposits/
Sun, 02 Jan 2022 10:19:43 +0000https://www.digit.info/2022/01/02/turkey-reveals-scheme-that-encourages-the-conversion-of-gold-deposits-into-lira-time-deposits/Read more]]>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 lira time deposits, a statement from the central bank has said. Incentives Intended to Boost Financial Stability The Central Bank of the Republic of Turkey […]
]]>Turkish Lira Slump Contributes to Rise in Turkey’s Daily Crypto Trades to Over One Million
https://www.digit.info/turkish-lira-slump-contributes-to-rise-in-turkeys-daily-crypto-trades-to-over-one-million/
Wed, 22 Dec 2021 19:00:05 +0000https://www.digit.info/2021/12/22/turkish-lira-slump-contributes-to-rise-in-turkeys-daily-crypto-trades-to-over-one-million/Read more]]>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 has been attributed to the depreciating lira which plunged to a new low against the USD on December 20. Lira Plunges Cryptocurrency trades in inflation-stricken […]
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 17 consecutive months and last month it reached a 24-year high. Turkey’s Interest Rate Remains Low, While Inflation Runs Rampant Turkey, the transcontinental country located […]
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. Real estate is the next most-preferred after gold, with 27.4% of the respondents saying they would invest. Fewer Turks Now View Gold as Best Investment […]
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 rate to 70%. Economic Revival Efforts Not Bearing Fruit Rising commodity prices and increased transport costs are some of the key contributing factors behind the […]
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 lira time deposits, a statement from the central bank has said. Incentives Intended to Boost Financial Stability The Central Bank of the Republic of Turkey […]
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 has been attributed to the depreciating lira which plunged to a new low against the USD on December 20. Lira Plunges Cryptocurrency trades in inflation-stricken […]