While Official Figures Claim Turkey’s Inflation Rate Is 85%, Third-Party Stats Say It’s Closer to 200%
Inflation has skyrocketed in Turkey as official figures from the Turkish Statistical Institute (Tüik) show the country’s inflation rate topped 85.5% year-on-year. The inflation rate in Turkey has risen for 17 consecutive months and last month it reached a 24-year high. Turkey’s Interest Rate Remains Low, While Inflation Runs Rampant Turkey, the transcontinental country located […]
IMF Renews Risk Warning On Stablecoins, But Admits Their Benefits
A study carried out by the IMF acknowledges the necessity of stablecoins to some economies, and the subsequent difficulty in prohibiting them. The body proposes the creation of “complete, consistent, and coordinated global standards” for the purpose of regulating and supervising the issuance and trading of cryptocurrencies. According to the study, the popularity of stablecoins […]