Thursday, September 28, 2023
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Turkey Inflation Why We Need Bitcoin

Turkey is a reminder and probably a precursor to other countries with currency depreciation.Turkish lira is almost down So far this year it was 45% against the dollar and plummeted by 20% in a week...Economists believe Turkey may be on the verge of hyperinflation year after year Consumer price index could exceed 30% in the coming months..

Experts have blamed the Central Bank of the Republic of Turkey for not raising interest rates, but people like Tal are suffering from the consequences of double-digit inflation. Tal, who works at a global coffee shop in Turkey (renamed to protect his identity), said: (Or $ 220). If you want to drink a large toffee nut latte, you have to pay about 25% of the amount you earned that day. ”


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