• Sun. Dec 3rd, 2023

Over 38.5% of Deposit Accounts Now Holding Turkish Lira


Nov 20, 2023

As a result of the recent increase in deposit interest rates, which have reached up to 45 percent, the demand for deposits is on the rise. This surge has been fueled by both the policy rate increases and simplification measures that have made Turkish Lira deposits more appealing. According to BRSA data, Turkish Lira deposits have reached their highest level in 6.5 months, accounting for 38.55 percent of total deposits. This growth can be attributed to the economic management’s efforts to transition from exchange rate-protected deposits to standard Turkish Lira deposits.

On another note, various counties in Michigan are exploring opportunities in the cannabis industry. From Macomb County to Oakland County, businesses are emerging and offering health and wellness products related to cannabis. Similarly, in Wayne County and Kent County, cannabis-related businesses and medical services are becoming increasingly prevalent. The Oklahoma Cannabis Information Portal and the Oklahoma Medical Marijuana industry are also experiencing growth due to the legalization of marijuana and CBD in Oklahoma. This trend is indicative of the evolving landscape and expanding opportunities in the marijuana business across different regions.

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