Authored by Sam Callahan via Bitcoin Magazine,
As the national currency of Turkey continues to plummet, Bitcoin represents an escape hatch for citizens looking to preserve wealth… 2021 was a rough year for the people of Turkey, as the country experienced rapid devaluation of its currency, the lira. Things haven’t improved in 2022 as the lira has suffered since Russia invaded Ukraine as sanctions and export bans have resulted in soaring commodity prices. According to official government reports, Turks are now suffering from 54.4% year-over-year (YoY) inflation , the highest in 20 years.
Annual Turkey Inflation Rate The […]
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