Tenpin

The Yorkshireman
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Turkey's annual inflation rises in September​



Extract:
Turkey's annual inflation rate climbed in September compared to the previous month, the Turkish Statistical Institute (TÜİK) announced on Oct. 4.

Consumer prices rose 19.58% year-on-year last month, from 19.25% in August, TÜİK said.

The figure, however, was lower than market expectations as a group of 16 economists projected an average annual climb of 19.69%.

Food and non-alcoholic beverages showed the greatest year-on-year price rise of 28.79%, followed by a 23.27% price increase in furnishing and household equipment, and hotels, cafes, restaurants.
 

enoch

Member
Watch The Lira Now

Turkey's annual inflation rises in September​



Extract:
Turkey's annual inflation rate climbed in September compared to the previous month, the Turkish Statistical Institute (TÜİK) announced on Oct. 4.

Consumer prices rose 19.58% year-on-year last month, from 19.25% in August, TÜİK said.

The figure, however, was lower than market expectations as a group of 16 economists projected an average annual climb of 19.69%.

Food and non-alcoholic beverages showed the greatest year-on-year price rise of 28.79%, followed by a 23.27% price increase in furnishing and household equipment, and hotels, cafes, restaurants.
Yes But that is not the inflation rate the government uses now. Cpi up 1.25%
 

Tenpin

The Yorkshireman
Watch The Lira Now

Turkey to open 1,000 markets to counter high inflation: Erdoğan​



Extract:
Turkey has ordered agricultural cooperatives to open about 1,000 new markets across the country to provide “suitable” prices for consumer goods, President Recep Tayyip Erdoğan said on Oct. 3.

“Markets run by Agricultural Credit Cooperatives are convenient in terms of prices and quality,” Erdoğan told reporters after visiting an agricultural credit cooperative outlet in Istanbul.

“We have ordered for about 1,000 of these businesses to open around Turkey, starting at 500 square meters each,” he said of the commercial outlets.

Construction would quickly begin on shops to provide Turks “cheap and high-quality goods,” he said. “Such a move will help “balance the market.”
 

enoch

Member
Watch The Lira Now

Turkey to open 1,000 markets to counter high inflation: Erdoğan​



Extract:
Turkey has ordered agricultural cooperatives to open about 1,000 new markets across the country to provide “suitable” prices for consumer goods, President Recep Tayyip Erdoğan said on Oct. 3.

“Markets run by Agricultural Credit Cooperatives are convenient in terms of prices and quality,” Erdoğan told reporters after visiting an agricultural credit cooperative outlet in Istanbul.

“We have ordered for about 1,000 of these businesses to open around Turkey, starting at 500 square meters each,” he said of the commercial outlets.

Construction would quickly begin on shops to provide Turks “cheap and high-quality goods,” he said. “Such a move will help “balance the market.”
And make a lot of bankruptcies. They have more chance of going to the moon than bringing inflation down to 9.25% by the end of next year. They are saying the £ could hit 13 tl by May.
 

Camden

Member
Watch The Lira Now

"According to the forecasts published yesterday by international organizations, Turkey falls out of the league of the world's 20 largest economies in 2021." Öztrak said that Turkey's relegation from the top 20 economy leagues is a sign of bad management.


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Kanga

Member
Watch The Lira Now
Turkey’s exchange offices are preparing to file a formal objection to recently issued regulations that require money changers in the country to record the identities of their clients, the Bloomberg HT news website reported on Wednesday.

Before the regulations were published in the Official Gazette on Tuesday, after the lira hit another low this week, only clients whose transactions totaled $3,000 or more were asked to submit personal information.

The new rules from the Treasury and Finance Ministry, which oblige lira buyers and sellers to show their IDs and give address and telephone information when necessary, caused consternation and prompted concerns that it may be used as a way of profiling.

extract from Exchange offices to object to regulations stripping lira sellers of anonymity - Turkish Minute
 

enoch

Member
Watch The Lira Now
Turkey’s exchange offices are preparing to file a formal objection to recently issued regulations that require money changers in the country to record the identities of their clients, the Bloomberg HT news website reported on Wednesday.

Before the regulations were published in the Official Gazette on Tuesday, after the lira hit another low this week, only clients whose transactions totaled $3,000 or more were asked to submit personal information.

The new rules from the Treasury and Finance Ministry, which oblige lira buyers and sellers to show their IDs and give address and telephone information when necessary, caused consternation and prompted concerns that it may be used as a way of profiling.

extract from Exchange offices to object to regulations stripping lira sellers of anonymity - Turkish Minute
It used to be like that didn't it?
 

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