Turkish lira

Press review: the United States will sting China in Tibet and can the Turkish lira crash impact Russia – Press review

Izvestia: Russia sees increased military activity along its borders as a serious threat Deploying US and NATO missile systems near Russia’s borders is a very serious challenge for the country which simply has nowhere to retreat, said Russian President Vladimir Putin at an enlarged meeting of the Ministry of Defense. …

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Turkish lira dips from historic low after Erdogan bailout announcement

A bureau de change holds Turkish lira and US dollar banknotes at a bureau de change in Ankara, Turkey on December 16, 2021. Cagla Gurdogan | Reuters The Turkish Lira has retreated at breakneck speed from record lows, experiencing wild swings after President Recep Tayyip Erdogan revealed a plan to …

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The Turkish lira with another record decline – Novinite.com

national of Turkey currency hits a new all-time low, depreciating against the US dollar to 17.04 TO TRY through we unity. The data from the online exchange shows this. At the same time, the Turks currency has depreciated twice since the start of the year, which is one of the …

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Turkish lira, stocks collapse amid inflation concerns

Istanbul’s stock market was twice forced to halt trading and the Turkish lira continued to decline on Friday as concerns grew that recent interest rate cuts could spur an inflationary spiral. . Turkey’s benchmark Borsa Istanbul 100 fell 8.5% on Friday on its worst day since March, tripping two circuit …

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Mexican Peso Firms 1% After Bank Hikes Rates; Aeromexico dives 50%

Mexican bank raises rates by 50bp Brazil c.bank lowers economic outlook for 2022, signals further increases Argentina’s economy grows 11.9% in the third quarter Dec. 16 (Reuters) – The Mexican peso surged on Thursday as the central bank hiked more than expected in response to rising inflation, while most other …

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The decline of the pound weighs on the Turkish people

Turkey’s inflation rate is above 20% and the country’s central bank will likely cut interest rates later this week, raising the temperature for inflation. The Turkish currency, the lira, fell to a new all-time low against the dollar on expectations of lower rates. The BBC’s Victoria Craig is in Istanbul, …

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Apple briefly stopped selling its products in Turkey, but why ?, World News

Apple products, especially iPhones, are known for their popularity around the world. People wait in winding queues for long hours just to get their hands on the new gadgets no matter how expensive they are. Prices for Apple electronic devices, including iPhones, vary around the world. Import duties, among other …

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Car ownership becomes beyond the reach of millions of Turks

Bunyamin Celikkaya, a resident of Istanbul, spent a year sifting through ads to replace his 10-year-old car. Its hunt seems to have become impossible amid the collapse of the Turkish lira which fueled equally dizzying price hikes. Celikkaya’s car price has gone up, as has the price of the used …

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Capital controls, use of reserves unlikely to prevent lira depreciation

The Ankara government has few options available as long as President Recep Tayyip ErdoÄŸan remains committed to lowering borrowing rates to accelerate economic growth and increase exports even under conditions of inflation exceeding 20%, which erodes the disposable income of ordinary citizens. Either the currency crisis becomes severe enough for …

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Turkish opposition leader kicked out of data center as data mistrust rises

Growing mistrust of official Turkish inflation data fueled political tensions last week as the main opposition leader was barred from entering the Turkish Institute building. statistics (TUIK), the government agency responsible for compiling and sharing various data. Shortly after TUIK released the latest inflation figures on December 3, Republican People’s …

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Turkish opposition leader helps form unlikely alliance to challenge Erdogan

For years, Turkish opposition leader Kemal Kilicdaroglu has been ridiculed for his gentle demeanor and inability to make inroads election after election. Lately, however, the leader of the Republican People’s Party (CHP) has discovered a taste for daring. On Friday, he showed up uninvited to the country’s statistical agency and …

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Pound Crash Hits Turkey’s Factories, Farmers and Retailers | Business and Economy News

Istanbul, Turkey – The Turkish Lira crisis threatens to bankrupt 86-year-old Mehmet Sapci’s pharmaceutical company. With the onset of the coronavirus pandemic, his company – Merkez Ilac – was able to leverage its production lines to pump disinfectants that have been shown to be essential in stopping the spread of …

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Turkey should adopt the euro – POLITICO

Asli Karahan-Ay is Chief Investment Officer of Lioness Capital. NEW YORK – The “unorthodox” economic policies of Turkish President Recep Tayyip ErdoÄŸan have caused a train crash. Turkey suffers from a balance of payments crisis, growing poverty, high unemployment and rampant inflation. At the time of writing, the Turkish lira …

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“Our money has no value”: frustration increases in Turkey during the pound crisis

ISTANBUL – Lines in front of bread shops and gas stations; farmers in default of payment; impromptu street demonstrations. Signs of economic distress in Turkey are all too clear as the pound continues on a steep slide. Sporadic protests have erupted around Turkey and opposition parties have called for a …

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Turkish lira crisis hits Idlib in Syria | Business and Economy News

Jamil Barakat says making a living in the town of Idlib in northwestern Syria has never been easy. But the next Turkish lira crisis and skyrocketing inflation made his small business a nightmare. “Product prices change every day and customers are incredulous,” Barakat told Al Jazeera. “And of course you …

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Greek companies closely monitor Turkish interests amid pound collapse – Greek City Times

Greek companies with billions of euros in investments in Turkey are closely monitoring developments in the neighboring country as the eastern economy kneels under the weight of the collapse of the Turkish lira. Data shows that Greek companies have actively invested in Turkey’s $ 720 billion economy in recent years …

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Turkish Lira holds firm after volatile sell-off of the week

The Turkish lira was stable on Thursday after a historic drop to record lows this week that was sparked by President Tayyip Erdogan’s defense of interest rate cuts, despite widespread criticism of his political stance. Central bankers, regulators and lenders were due to meet later today to discuss the market …

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Stocks pull back as traders see higher rates; Turkish lira plunges

Wall Street, European stock indices down Dollar retreats from 16-month high Turkish lira drops 15% to record low WASHINGTON / LONDON, Nov. 23 (Reuters) – Wall Street shares fell and the dollar fell from a 16-month high on Tuesday as investors positioned for interest rate hikes in 2022 after the …

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Turkish lira pulls back after record lows at start of trade

A bureau de change counts Turkish lira banknotes at a bureau de change in Ankara, Turkey on November 11, 2021. REUTERS / Cagla Gurdogan ISTANBUL, Nov.22 (Reuters) – The Turkish lira strengthened to less than 11.2 per dollar on Monday, after hitting a record high late last week after the …

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Few people dare to follow as Spanish bank BBVA raises bet on Turkey

While Carlos Torres Vila, director of BBVA, explained why the Spanish lender was planning to take full ownership of Turkish bank Garanti, it didn’t always sound like the sales pitch typically deployed for corporate transactions. But then the 55-year-old BBVA chairman could hardly ignore the backdrop of the deal – …

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Turkish opposition calls for snap elections amid pound collapse

ANKARA, Nov. 18 (Reuters) – Turkish opposition leaders called for an immediate snap election on Thursday after the pound plunged 6% to a new low following the central bank’s decision to cut rates on interest under pressure from President Tayyip Erdogan. The pound has seen its worst day since a …

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bne IntelliNews – Worries that Turkey could face another currency crisis “escalate”, says Capital Economics

Fears that Turkey could face another currency crisis continue to intensify, Capital Economics said on November 16, with the sharp depreciation of the Turkish lira in recent weeks showing little sign of slowing down. “The currency broke through the psychologically important level of 10 / $ at the end of …

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New Highs Reached As Turkish Lira Problems Worsen

USD / TRY broke through the 10.0000 ratio and its upward path may not be over yet. New highs were set by the USD / TRY early in trading as the Forex pair climbed above 10.0000. A glance at almost any technical chart shows that the Forex pair has been …

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Countries with the best exchange rate revealed

UK travelers can get a lot more for their money this holiday season if they vacation in the right place. As the travel industry continues to rebound from the coronavirus pandemic, there are some destinations where the pound is stronger than it was when UK restrictions began in March 2020. …

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Turkish car sales drop more than 40% in October

Turkish sales of passenger cars and light commercial vehicles fell for the fourth consecutive month in October, according to Tuesday’s data, maintaining a downtrend as supply chain disruptions continue to disrupt the auto industry . Sales of passenger cars and light commercial vehicles fell more than 40% year-on-year in October …

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In Turkey, foreigners face a new reality

What does it tell us about a country when foreign ambassadors advising their host state on a legal matter and refugees playfully teasing their host citizens on social media receive the same response from the government? That Turkey is in the mood for a little “time for me”. About a …

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Why currency volatility could make a comeback

October 30, 2021 FOREIGN-EXCHANGE the markets were once a hotbed of lively speculative activity. But today traders looking for an adrenaline rush should look to assets like cryptocurrencies instead. Barring a brief surge at the start of the pandemic – and isolated events in the Turkish lira – currency markets …

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GRAPHIC-Pain Points for Turkish Lira

By Karin Strohecker LONDON, Oct.26 (Reuters) – The Turkish lira enjoyed a rally of relief on Tuesday, moving away from its latest all-time low amid a diplomatic crisis that saw the currency head towards the 10 against the dollar . But the latest rout has put new emphasis on vulnerabilities …

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Will US GDP data confirm a pickup in activity?

Will US GDP data confirm a pickup in activity? U.S. economic growth has slowed sharply as the Delta variant of the coronavirus slashed consumer spending and supply chain bottlenecks hit businesses, but activity is already showing signs of recovery. Economists predict on Thursday that US Department of Commerce data will …

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Global finance watchdog adds Turkey to gray list

The global financial watchdog known as the Financial Action Task Force, or FATF, today announced that Turkey has been added to its “gray list” of countries under increased terrorist financing watch, money laundering and institutional corruption. The move will further damage Turkey’s uneven image and likely further weaken the pound, …

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Turkish-Qatari company BMC facing liquidity problems

ANKARA – Leading armored vehicle maker BMC, a Turkish-Qatari company, is facing cash flow problems after a recent change in ownership, Defense News has learned. The company, which has a multibillion-dollar contract in its portfolio to produce the Altay, Turkey’s first next-generation indigenous tank, is on a phase of shrinking …

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Unexplored and dangerous bullish territory contested

USD / TRY hit new highs and crosses the 9.00000 level as a flurry of rumors swirl about economic and political maneuvering. Advertising USD / TRY broke through the 9.0000 level in an upward push that allowed the Forex pair to explore unexplored highs. The bullish momentum was strong last …

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Turkish lira on the rise after record low

The struggling Turkish Lira hit a record low of 8.96 per dollar last week and trading trends since then indicate that the bears could outweigh traders expecting a rally. The lira touched 8.936 per dollar on Wednesday before recovering. It was trading down 0.1% at 8.875 to the dollar Thursday …

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Foreign currency stolen from Hays Travel in Stanley

DETECTIVES investigating a theft at a travel agency request information on anyone attempting to exchange large volumes of foreign currency. A quantity of banknotes including euros, US dollars and Turkish lira were taken away on a flight to Hays Travel in Front Street, Stanley on Friday. Durham Police officers investigating …

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Erdogan’s false claim that Turkey is “incomparably free”

On September 26, Turkish President Recep Tayyip Erdogan gave an interview to CBS’s “Face the Nation” show. Among other things, Erdogan discussed his relationship with the administration of US President Joe Biden, Turkey’s influence in the Middle East, and the state of freedoms in his country. Interviewer Margaret Brennan asked …

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How and where to buy Shiba Inu (SHIB) – CryptoMode

Newcomers to the crypto industry will often find it difficult to understand how to acquire certain coins. However, in the case of Shiba Inu, or SHIB, this process has become much easier lately. Several crypto and fiat oriented platforms support the ‘Dogecoin Killer’, creating a fairly level playing field. There …

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House of the Year, Japan: Barclays

Japanese market sentiment has been subdued for much of the past year, with investors unsure of how the Covid-19 pandemic would unfold or who the next man in the White House would be. Then, two weeks after the we presidential election, there has been a resumption of investment activity in …

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Iranian exchange rates for September 25

(MENAFN- Trend News Agency) BAKU, Azerbaijan, September 25 By Elnur Baghishov – Trend: The Central Bank of Iran (CBI) announced the official foreign exchange rate on September 25, Trend reports referring to the CBI. According to the Central Bank of Iran exchange rate, 14 currencies increased and 21 decreased compared …

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Turkish court rules ex-teacher tortured in custody

Turkey’s Constitutional Court ruled on May 18, 2021 that a former teacher arrested for links to the Gülen movement had been tortured in detention and his rights violated, Bold Medya reported. The court ordered that Eyüp Binici, 46, be paid 40,000 Turkish lira in compensation for being sexually assaulted, beaten …

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South African Rand companies in uncertain trade

Illustrative photo showing a two rand coin above a South African flag, April 12, 2017. REUTERS / Thomas White / File Photo JOHANNESBURG, Sept.21 (Reuters) – The South African rand gained ground on Tuesday morning in hopes that the fallout from the debt debacle at Chinese real estate company Evergrande …

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Turkey’s President Announces War on Cryptocurrencies

In 2020, Turkey had high crypto adoption rates. Statistics showed that the country has one of the highest cryptocurrency exposures in the world. Polls indicated that around 16% of Turkish citizens had used or owned cryptocurrencies. The reason for this high volume can be attributed to an unregulated environment that …

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Iranian exchange rates for September 18

(MENAFN – Trend News Agency) BAKOU, Azerbaijan, September 18 By Elnur Baghishov – Trend: The Central Bank of Iran (CBI) announced the official foreign exchange rate on September 18, Trend reports referring to the CBI. According to the Central Bank of Iran exchange rate, 8 currencies increased and 28 decreased …

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Erdoğan promises to help Turkish exporters

Turkish President Recep Tayyip ErdoÄŸan on Saturday announced a number of measures to help the country’s exporters with the aim of boosting the Turkish economy by 2023. The initiatives announced by the Turkish president during the Export Champions program of the Turkish Exporters’ Assembly (TIM) in Istanbul include the restructuring …

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Turkey creates research platform to develop digital currency

NEW DELHI: The Central Bank of the Republic of Turkey (CBRT) announced on September 15 that it had formed the Digital Turkish Lira Collaboration platform in partnership with tech players, reports Bitcoin.com. The goal behind this is to create a digital version of the national currency Lire. Separate agreements were …

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Central Bank of Turkey to test digital pound on new platform

The Monetary Authority will work with technology players to establish the “Digital Turkish Lira Collaboration Platform” to facilitate the research and development of a CBDC. Turkey’s central bank has set up a new platform to expand research on the potential benefits of introducing a digital version of the Turkish lira. …

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Researcher urges Canadian universities to do more about stress and anxiety

Ozyonum, an international student from Turkey and doctoral candidate at Concordia University in Montreal, argued that international students have encountered physically, financially and emotionally difficult obstacles during this pandemic. The mental health of international students has declined due to the uncertainty and disruption caused by Covid. “Some were forced to …

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Turkish lira tumbles over central banker’s remarks

Published on: 09.08.2021 – 13:22Amended: 09.08.2021 – 13:20 Ankara (AFP) The Turkish lira suffered one of its biggest drops of the year on Wednesday due to speculation the central bank was on the verge of cutting rates in the face of soaring inflation. Turkey’s annual inflation rate accelerated to 19.25% …

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Market exchange rate in China – August 25

BEIJING, Aug. 25 (Xinhua) – Here are the central parity rates of the Chinese currency renminbi, or yuan, against the 24 major currencies announced by the Chinese Foreign Exchange System on Wednesday: Currency Unit Central parity rate in yuan 100 647.28 USD 100,760.64 euros Japanese Yen 100 5.899 Hong Kong …

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Iranian exchange rates for August 22

(MENAFN – Trend News Agency) BAKOU, Azerbaijan, August 22 By Elnur Baghishov – Trend: The Central Bank of Iran (CBI) announced the official foreign exchange rate on August 22, Trend reports referring to the CBI. According to the Central Bank of Iran exchange rate, 8 currencies increased and 29 decreased …

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Syrian, Afghan refugees in Turkey cause concern, unrest

Syrian and Afghan refugees in Turkey In Turkey, unrest is escalating among millions of Syrian refugees, as well as thousands fleeing Afghanistan after the Taliban quickly came to power. Clashes between locals and refugees continue in different parts of Turkey, with many residents of Turkish provinces taking to the streets …

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Greece, Turkey tackle massive forest fires

A firefighting helicopter shoots down as a forest fire burns in the village of Ippokratios Politia, north of Athens, Greece on August 6, 2021. Costas Baltas, Reuters Hundreds of firefighters battled a blaze on the outskirts of Athens on Friday as dozens of fires raged in Greece in what the …

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Latest coronavirus: India braces for further increase in new cases

Singapore’s Millennials and Gen Z investors remain very optimistic about investing during the coronavirus pandemic and are confident about their prospects, according to a new study. Franklin Templeton’s first Next-Gen Investor Survey found that over the past 18 months, 80% of respondents continued to invest during the Covid-19 crisis, while …

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Rich Turks Boost Consumption Amid Soaring Inflation

Home and car sales have increased and shopping malls and entertainment venues appear to be quite buzzing in Turkey, even as steadfast inflation and widespread unemployment continue to haunt the country’s struggling economy. What about this seemingly contradictory trend? Are Turks throwing barbecues on the flames of inflation? Soaring prices …

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USD / TRY climbs to 3 day highs around 8.6000

USD / TRY reverses some of the recent losses, back to around 8.60. Turkish consumer confidence fell to 79.5 in July. Markets in Turkey will be closed this week due to the holidays. Turkish lira sheds some of recent gains and rallies USD / TRIAL back to the 8.6000 region …

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Reshaped Turkey marks five years since failed coup

Published on: 07/15/2021 – 04:04 Ankara (AFP) A radically reshaped Turkey Thursday marks the fifth anniversary of the failed coup against President Recep Tayyip Erdogan that sparked sweeping political repression and mass arrests. On a balmy night on July 15, 2016, a rebel faction of the army attempted to take …

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Business News | Stock market and stock market news

Search for quotes, news, net asset values ​​of mutual funds Addiction INE002A01018, RELIANCE, 500325 The happiest spirits INE419U01012, HAPPSTMNDS, 543227 Vodafone idea INE669E01016, IDEA, 532822 Suzlon Energy INE040H01021, SUZLON, 532667 Tata Engines INE155A01022, TATAMOTORS, 500570 Search for quotes, news, net asset values ​​of mutual funds Addiction INE002A01018, RELIANCE, 500325 The …

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How to plan a trip to Turkey on a budget

Turkey doesn’t have to be an expensive vacation, and there are plenty of ways to budget while still enjoying its best features. Turkey is an affordable destination for travelers. Vacationers love its Mediterranean beaches, unique Cappadocian landscapes and archaeological wonders dating back almost to the beginning of civilization. Fortunately, visitors …

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Aims to confirm the double top downtrend below 8.8000

The USD / TRY remains lower after crossing the two week old support line. Bearish MACD supports sellers targeting 100-SMA, confirmation of double highs. Buyers can discount all-time highs by rejecting bearish chart formation. USD / TRY bears pause around 8.6900, after the largest daily decline in a week, early …

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China Market Exchange Rate – June 22

BEIJING, June 22 (Xinhua) – Here are the central parity rates of China’s renminbi, or yuan, against the 24 major currencies announced by China’s Foreign Exchange System on Tuesday: Currency Unit Central parity rate in yuan US dollar 100,646.13 100,769.82 euros Japanese Yen 100 5.859 Hong Kong dollar 100 83.22 …

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Cryptocurrencies Gain Ground in Turkey

Ankara, June 19 (EFE) .- Cryptocurrencies have taken over Turkish wallets, not only for investors but also for low-income workers looking to protect their savings or seduced by the promise of high income from digital gold . “I started investing because a friend advised me to do so,” a car …

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