The Turkish Lira Freefall And Bitcoin

2021 was a tough yr for the individuals of Turkey, because the nation skilled speedy devaluation of its foreign money, the lira. Things haven’t improved in 2022 because the lira has suffered since Russia invaded Ukraine as sanctions and export bans have resulted in hovering commodity costs. According to official authorities reviews, Turks are now suffering from 54.4% year-over-year (YoY) inflation, the very best in 20 years.

Annual Turkey Inflation Rate

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