12-03-2021, 05:41 AM
Inflation in Turkey is now so High that even Apple refuses to Sell their Products fo
<!-- SC_OFF --><div class="md"><p>Inflation in Turkey has reached a new all time high of nearly 20%, the value has nearly halved compared to the also inflating dollar since the beginning of 2021</p> <p>Imagine if all your wealth is halved in less than 12 months, the wages also have clearly not doubled</p> <p>Now even Apple refuses to sell products for the Lira</p> <p>But what did the President of Turkey do to help with this situation?</p> <ul> <li><p>Fired the 5th central banker in a row</p></li> <li><p>Declared "War on Crypto" (because Crypto is the problem and not a "stable currency" which halves in less than 12 months)</p></li> </ul> <p>More and more people in Turkey now begin using Crypto to escape this dramatic devaluation of their wealth, a bit of volatility or earning interest on stablecoins is better than your money halving every few months</p> <p><a href="https://www.xe.com/currencyconverter/convert/?Amount=1&From=USD&To=TRY">(source 1)</a></p> <p><a href="https://digesttime.com/2021/11/24/apple-suspended-product-sales-in-turkey-due-to-economic-crisis-and-high-inflation-rate/">(source 2)</a></p> <p>(Fun fact: everytime their President fires the next central banker Google searches for Bitcoin soar across the country)</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Dwez1337"> /u/Dwez1337 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r7euss/inflation_in_turkey_is_now_so_high_that_even/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r7euss/inflation_in_turkey_is_now_so_high_that_even/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Inflation in Turkey has reached a new all time high of nearly 20%, the value has nearly halved compared to the also inflating dollar since the beginning of 2021</p> <p>Imagine if all your wealth is halved in less than 12 months, the wages also have clearly not doubled</p> <p>Now even Apple refuses to sell products for the Lira</p> <p>But what did the President of Turkey do to help with this situation?</p> <ul> <li><p>Fired the 5th central banker in a row</p></li> <li><p>Declared "War on Crypto" (because Crypto is the problem and not a "stable currency" which halves in less than 12 months)</p></li> </ul> <p>More and more people in Turkey now begin using Crypto to escape this dramatic devaluation of their wealth, a bit of volatility or earning interest on stablecoins is better than your money halving every few months</p> <p><a href="https://www.xe.com/currencyconverter/convert/?Amount=1&From=USD&To=TRY">(source 1)</a></p> <p><a href="https://digesttime.com/2021/11/24/apple-suspended-product-sales-in-turkey-due-to-economic-crisis-and-high-inflation-rate/">(source 2)</a></p> <p>(Fun fact: everytime their President fires the next central banker Google searches for Bitcoin soar across the country)</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Dwez1337"> /u/Dwez1337 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r7euss/inflation_in_turkey_is_now_so_high_that_even/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r7euss/inflation_in_turkey_is_now_so_high_that_even/">[comments]</a></span>Kind Regards R