Turkish Citizens Seek Refuge in Gold and Stablecoins Amid Surging 67% Inflation Rate

Date:

Share post:



Turkish Citizens Seek Refuge in Gold and Stablecoins Amid Surging 67% Inflation RateAccording to February 2024’s latest inflation data, Turkey faces an inflation rate exceeding 67%, amid ongoing currency devaluation and a declining lira against the U.S. dollar. Recent findings suggest that in an effort to safeguard their wealth, Turks are increasingly turning to gold, with smuggling hitting unprecedented levels. Additionally, there is a growing interest among […]



Source link

Leave a reply

Please enter your comment!
Please enter your name here

Related articles

Kraken Enters Funded Trading With New Prop Program After Breakout Acquisition

FYNXT CEO Samuel Aeby: Why Brokers Need Operating Systems, Not Just...

Strategy Moves 411 BTC to Coinbase Prime as Polymarket Sell Odds Hit 84%

Key TakeawaysThe 411 BTC transfer is Strategy’s first direct Coinbase Prime deposit since 2024, per Lookonchain.Arca’s Jeff...

Bitcoin Has Hit A Ceiling, Analyst Says No Buying Until Price Hits This Level

Bitcoin has hit what one analyst describes as a major ceiling after losing the support level that...