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Crypto Expert Chosen by Erdogan for Turkey’s Central Bank Board
24.12.2023
Image Source: Pixabay Turkey President Recep Tayyip Erdoğan has appointed professor Fatma Ozkul, an expert in crypto assets and blockchain technology, to the central bank’s rate-setting committee. According to a recent report from Bloomberg, the nomination of Ozkul was announced in a decree...
Turks Turn to Tether Amid Record Inflation, Limited Access to Dollar, Report Reveals
12.6.2023
People in Turkey have been seeking refuge in stablecoins as their national fiat continues to depreciate against the greenback. The Turkish lira saw a record drop in its exchange rate with the U.S. dollar when the country’s central bank halted intervention after the recent presidential vote....
While Official Figures Claim Turkey’s Inflation Rate Is 85%, Third-Party Stats Say It’s Closer to 200%
5.11.2022
Inflation has skyrocketed in Turkey as official figures from the Turkish Statistical Institute (Tüik) show the country’s inflation rate topped 85.5% year-on-year. The inflation rate in Turkey has risen for 17 consecutive months and last month it reached a 24-year high. Turkey’s Interest Rate...
Build on Blockchain, Stay Away From Crypto Gambling, Turkey’s Erdoğan Says
21.10.2022
The president said Turkey seeks to establish its own metaverse, while discouraging people from “gambling” in crypto
Turkey taps blockchain for e-Human project, President Erdoğan announced
19.10.2022
Turkish President Recep Tayyip Erdoğan shared new details about the country’s e-Human project powered by blockchain
Erdogan Suggests Turkish-Russian Payment System, Local Media Reports
24.9.2022
Turkish President Recep Tayyip Erdogan is reportedly pushing for Turkey and Russia to establish a new payment system between them. The initiative comes amid U.S. pressure against the use of the Russian Mir cards in Turkey. Some Turkish banks have been working with them to facilitate payments...
Turkey’s Inflation Rate Surges to 70%, Monthly Rate of Change Now 7.25%
7.5.2022
The latest data from the Turkish Statistical Institute (TSI) shows that rising transportation and food costs were some of the key factors contributing to the surge in the country’s inflation rate to 70%. Economic Revival Efforts Not Bearing Fruit Rising commodity prices and increased...
Turkey’s President Erdogan Instructs Ruling Party to Study Cryptocurrency, Metaverse
28.1.2022
The president of Turkey, Recep Tayyip Erdoğan, has reportedly instructed the country’s ruling party to conduct a study on cryptocurrency and the metaverse. “It is a sensitive subject, a good and meticulous study should be done,” said President Erdoğan. Turkish...
Turkish and Salvadoran presidents meet, Bitcoiners left disappointed
21.1.2022
The Turkish President welcomed Nayib Bukele to Ankara for an official state visit. Anyone expecting a Bitcoin talk left disappointed
Turkey’s Inflation Jumps to 36%, Lira’s Value Plummets, Citizens Flock to Stablecoins
3.1.2022
The Republic of Turkey’s economy and the country’s native fiat currency the Turkish lira continue to experience turmoil as inflation has risen to 36%. Since this time last year, the lira has lost 44% of its value against the U.S. dollar. Meanwhile, the use of stablecoins in Turkey...
Turkish President Erdogan Says Cryptocurrency Law Is Ready as Crypto Regulator Fines Binance 8 Million Lira
26.12.2021
Turkey’s President Recep Tayyip Erdoğan reportedly announced that the country’s cryptocurrency law “is ready” and will be submitted to parliament “without delay.” Meanwhile, Turkey’s Financial Crimes Investigation Board (MASAK), which oversees...
Turkey’s crypto law is ready for parliament, President Erdoğan confirms
25.12.2021
Once implemented, the crypto law will implement a new economic model that can potentially help recover the lira's falling value
Turkish Lira Slump Contributes to Rise in Turkey’s Daily Crypto Trades to Over One Million
22.12.2021
The popularity of cryptocurrencies in economically embattled Turkey has continued to surge with the number of daily trades now surpassing one million, a report has said. This surge in trades has been attributed to the depreciating lira which plunged to a new low against the USD on December 20. Lira...
Bitcoin hits $49K as BTC price gets unlikely boost from Erdogan's Turkish lira tinkering
21.12.2021
The man who declared "war" on crypto in September helps fuel snap overnight gains
The TUSIAD Business Group Calls for an End to Erdogan’s Low-Rates Policy
20.12.2021
The Turkish president is facing several questions and criticisms against his announcement of a new monetary policy. The TUSIAD business group has urged Erdogan to go back to the rules of economic science. Erdogan has also been asked to completely write off the new policy that is based on low rates....
Turkey Is ‘at War’ With Cryptocurrency, Says President Erdogan
21.9.2021
Turkish President Recep Tayyip Erdoğan has clarified the government’s stance on cryptocurrencies, stating that the country is at war with crypto. He emphasized that Turkey will continue with its own currency. A War and a Struggle Against Cryptocurrency Turkish President Recep Tayyip...
‘We are at war’ with crypto, says Turkish President Erdoğan
20.9.2021
The Turkish government’s plans for cryptocurrencies draw a stark contrast to its central bank digital currency intentions
The Turkish Lira Plunges Following Removal of a Central Bank Governor, BTC Searches up
23.3.2021
The Turkish lira currency plunged by more than 10% on March 22 after the country’s President Recep Tayyip Erdogan unexpectedly fired Naci Agbal, the country’s central bank governor. Having initially touched a new low of 8.280 a dollar, the lira recovered to close at 7.75 a dollar...
Sweden’s ‘Lagom’ Response to Coronavirus: No Masks, Keep The Economy Going With a “No Limit” Printing Press
7.4.2020
The Coronavirus in Sweden has so far claimed 611 deaths, with 7849 confirmed cases. Swedish people still send their kids to school and are not hoarding much of anything compared to countries like the US. But just like in most of the world many businesses are hit hard, and the country's central bank...
President Erdogan: Turkey to Finish Testing Digital Lira in 2020
5.11.2019
Turkey's President Recep Tayyip Erdogan directed that the government should start testing the national central bank digital currency in 2020