[ad_1]
Turkey’s minimum wage has risen by 50% for 2022, President Recep Tayyip Erdoğan announced, also stressing that the uncertainty created by currency instability and sharp price fluctuations will end soon.
The decision enters into force on January 1. The salary has been increased to 4250 TL (about $ 275.40), Erdogan said in a televised speech in the capital Ankara. “The minimum wage increase is 50%, and is the highest in the last 50 years“, Said the Turkish president. Its movement directly affects 6 million workers.
“I believe that with this increase, we have shown our determination not to allow employees to be overwhelmed by rising prices.“, He stressed. “There are some problems now but we will overcome them as soon as possible“Erdogan added, according to which, stability will be ensured with new measures in the coming days, but did not specify what they will be.
Turkey’s currency, the lira, has fallen to its lowest level in history against the US dollar and the euro in recent months. This is because the Turkish president insists on the much-criticized policy of lowering interest rates, even though consumer prices have risen.
Turkish President Recep Tayyip Erdogan has called for low-cost borrowing in order to stimulate the economy, boost economic growth and exports, and create jobs. He has vowed to end the cycle of an economy dependent on short-term “hot money” lured by high interest rates.
top channel
[ad_2]
Source link
