The issue of subsistence, which is one of the most important agenda items of the citizens in Turkey, is getting harder every day.
When the depreciation in the Turkish Lira is combined with the inflation of the street, the livelihood is growing even more.
Although the dollar, seen as the barometer of the crisis, is suppressed by the spent reserves, gold prices cannot be restrained.
In Turkey, where the working population receives half of the minimum wage, the minimum wage as of yesterday coincided full quarter under 3!
FROM 14 QUARTERS COINS TO 3 QUARTERS COINS!
The increase in an ounce of gold also brought the price of gram gold in the domestic market to the historical record. With the effect of the gram price based on almost 465 liras, the quarter gold saw 770 liras. Republic gold exceeded 3070 liras. In 2003, the minimum wage was able to buy 14 quarters of gold, while today this figure fell to 3. In this way, the meltdown in the income of the citizen was literally flesh and blood.
When the economic vulnerability experienced combined with the negative effects of the pandemic, the economic situation became completely insurmountable. While the uncertainty in the markets depreciates the Turkish lira every day, as a result, the purchasing power of the citizen is melting. The ounce of gold went up to $ 2040 and broke a record due to global developments, while the gram of gold was based on 462 liras. Although it has been suppressed for a long time, the dollar that winked 7 lira last week increased to 7.03, while the euro exceeded 8.35 lira.