News about TURKEY

News about Turkey

Turkey’s Inflation Jumps to 36%, Lira’s Value Plummets, Citizens Flock to Stablecoins

The Republic of Turkey’s economy and the country’s native fiat currency the Turkish lira continue to experience turmoil as inflation has risen to 36%. Since this time last year, the lira has lost 44% of its value against the U.S. dollar...

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 lira time deposits, a statement from the central bank has said....

TIL: Turkeys Government sued 38 Economists in 2019 because they Predicted extreme Inflation, the Trial started in late 2021, but the Judge did not appear because the Economists Prediction was not only Fullfilled, but Exceeded

You can not make this up: The judge surprisingly did not appear on a trial day originally planned for Thursday. Prior to this, the national currency had once again fallen to a record low - even lower than the economists predicted three years ago Wh...

After the Turkey lira melts 34%, the country prepares bill to regulate cryptocurrencies

submitted by /u/thefoodboylover [link] [comments]

Worrying Lira Numbers Cause a Huge Bitcoin Spike, whats happening in turkey?

The Turkish lira has lost more than 60% of its value against the US dollar this year. Shocking statistics show that inflation in Turkey reached an alarming 21.7% in November. These numbers have put citizens in trouble as the rapid depreciation contin...

It is now Illegal in Turkey to Criticize Inflation, The Government is Sueing People who Criticized Inflation on Social Media: And They Wonder Why We Prefer Crypto? Savings of Millions of People are Gone to extreme Inflation

Turkeys Government is now sueing people who criticize the 21% inflation the country is currently experiencing, wiping out savings of millions of people. The turkish finance minister announced that the government is in process of sueing multiple peopl...

Binance Turkey fined 8M lira for non-compliance against money laundering

MASAK found Binance Turkey guilty of violating the Law on Prevention of Laundering Proceeds of Crime, also known as the AML Law. The Financial Crimes Investigation Boa...

Turkey President Confirms Crypto Law Is Ready And Headed To Parliament For Approval - The Crypto Basic

submitted by /u/Fizzlebang_Wonderpop [link] [comments]

Giving LN tips to people from Venezuela or Turkey

Hello! I tried LN for first time some days ago and I feel today Christmas day like giving LN tips to anyone who comments and I can see from their post history (at least some hours ago from this post) that are from Venezuela or Turkey, feel free to co...

Turkey’s crypto law is ready for parliament, President Erdoğan confirms

Once implemented, the crypto law will implement a new economic model that can potentially help recover the lira's falling value. Turkey's President Recep Tayyip Erdoğa...

Turkey President Announces a Cryptocurrency Bill, Speaks of a New Economic Model

submitted by /u/stowawaythrowaway68 [link] [comments]

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 has been attributed to the depreciating lira which plunged...

Turkey increases Minimum Wage by 50%, because of Inflation it is actually Less than Half of what it was in 2016: Media Celebrates this as a Victory for Workers, while President partially blames Crypto

submitted by /u/Dwez1337 [link] [comments]

Turkey has a GDP of $720 Billion USD. That money is all looking to flee the country and move into various investment. Even just 10% of it moving into Bitcoin is going up push us to new all time highs

Some of the money will flow into USD and then it will hit the US stock market and US real estate market. That will push inflation even higher for USA. Additional some of the money will flow into Bitcoin, but even if it doesn't the inflation press...

How Bad Can Inflation Be? Turkey Offers a Warning. | WSJ

submitted by /u/Bitcoin_is_plan_A [link] [comments]

Article: 'Turkey's Inflation Is An Example Of Why We Need Bitcoin'

submitted by /u/castorfromtheva [link] [comments]

Bitcoin continues to high new all time highs in Turkey. Protection against hyperinflation

submitted by /u/hyperinflationUSA [link] [comments]

The bread line in Turkey as their currency collapses

video of the bread line https://www.reddit.com/r/N_N_N/comments/rhnxv9/the_network_claims_that_these_are_queues_for/ https://preview.redd.it/x05baiqux0681.png?width=396&format=png&auto=webp&s=7cb07fcb86b6d01cfa755261f6a800420193438...

Time for Bitcoin to save Turkish savers - As Lira Implodes, Turkey Proposes Huge Fines For "Hoarding"

submitted by /u/CoinCorner_Sam [link] [comments]

USA is acting just like Turkey. Both claim printing more money will reduce inflation. Printing $2 trillion dollars for build back better will casuse inflation, just like Turkey lowering interest rates will cause inflation.

https://youtu.be/MzEwaUCw9Bo submitted by /u/hyperinflationUSA [link] [comments]

Bitcoin Could Fix Turkey’s Currency Crisis

submitted by /u/Phreesion [link] [comments]

Inflation in Turkey is now so High that even Apple refuses to Sell their Products for Turkeys Currency, Value Nearly Halved as more Turkish People Consider escaping to Crypto

Inflation in Turkey has reached a new all time high of nearly 20%, the value has nearly halved compared to the also inflating dollar since the beginning of 2021 Imagine if all your wealth is halved in less than 12 months, the wages also have clearly...

Turkey Makes the Case for Bitcoin as Erdogan Runs the Autocrat’s Inflation Playbook