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Turkey raises minimum wage by 50 percent but most of the raise is already gone…

Turkey has become a poor country. We are observing the daily collapse of our economy…

Turkey raises minimum wage by 50 percent, Erdoğan announces

The government has raised the minimum monthly wage from 2,825 lira to 4,250 lira for the next year.
Ahead of the Monetary Policy Committee meeting of the Central Bank today, December 16, the depreciation of the Turkish Lira has continued amid expectations that the policy rate will be cut further.

Turkey faces threat of financial crisis after lira plunges against dollar

Central bank forced to defend currency as traders respond to interest rate cut with sharp selloff

Fears that Turkey is on course for a full-scale financial crisis have intensified after the lira plunged to fresh lows against the US dollar.

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