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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
© Copyright Image: Crypto Breaking News

According to February 2024s 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 [] Source: Bitcoin.com

The post Turkish Citizens Seek Refuge in Gold and Stablecoins Amid Surging 67% Inflation Rate appeared first on Crypto Breaking News.

Read more: https://www.cryptobreaking.com/turkish-citizens-seek-refuge-in-gold-and-stablecoins-amid-surging-67-inflation-rate/

Text source: Crypto Breaking News

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Sun, 24 Mar 2024
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