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

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

According 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 […]

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