• Wed. Nov 29th, 2023

38.5% of Deposit Accounts Now Holding Turkish Lira: A Recent Report


Nov 21, 2023

As a result of an increase in deposit interest rates up to 45%, the demand for deposits is on the rise. This trend has been fueled by recent policy changes and simplification steps, leading Turkish Lira deposits to reach their highest level in 6.5 months, making up 38.55% of total deposits. According to BRSA data, Turkish Lira deposits have increased by 40.3% since the end of June. The economic management’s efforts towards transitioning from exchange rate-protected deposits to standard Turkish Lira deposits have proven effective in this rise.

Meanwhile, 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. In addition, cannabis-related businesses and medical services are becoming more prevalent in Wayne County and Kent County. 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 growth is indicative of the evolving landscape and opportunities in the marijuana business across various regions. Many businesses from healthcare to digital marketing are entering this growing industry as it continues to expand its reach.

In conclusion, both Turkey’s banking sector and Michigan’s cannabis industry are experiencing growth due to a range of factors such as policy changes, legalization efforts, and increasing demand for specific products or services. These developments highlight the ever-changing landscape of finance and business across different parts of the world.

Leave a Reply