And finally… Bazaar behavior
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The Turkish central bank is reportedly purchasing millions of US Dollars daily from vendors at Istanbul’s Grand Bazaar in response to the nation’s foreign currency crisis.
This unprecedented move is said to be in preparation for the termination of the FX-protected lira deposit scheme by the upcoming new government.
Daily, the Central Bank of the Republic of Türkiye has been exchanging ₺5 billion liras for $260 million (c.£207m), causing exchange rates to rise weekly, Gazete Duvar reports.
The money is wheeled in iron safes to Istanbul’s Grand Bazaar and the funds are said to be transported using official vehicles belonging to the Interior Ministry.
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