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Turkey: Weak Lira Ignites Interest in Cryptocurrencies

Turkey: Weak Lira Ignites Interest in Cryptocurrencies
Published April 13th, 2021 - 12:30 GMT
And in Turkey it was no different, where investors say a weak lira and inflationary pressures, along with the hopes of quick gains, have driven demand. (Shutterstock)
Highlights
Cryptocurrency’s protection against inflation has been one of key drivers behind its popularity with the Turkish public.
As governments and central banks around the world attempted to counter the devastating economic damage wrought by the Covid-19 pandemic by opening the stimulus taps to gush out trillions, it left many worried about the devaluation of their currencies.
One of the go-to safe havens in the context where confidence in fiat money is low, has been to use gold as a store of wealth. But what took place instead in overwhelming numbers, was the dramatic adoption of cryptocurrencies like Bitcoin, which began to fulfil the role of digital reserve-asset, leading it to be dubbe ....

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Brazilian group seeks to stop aircraft carrier sale to Turkish company

Brazilian group seeks to stop aircraft carrier sale to Turkish company
Tayfun Ozberk
1 day ago
The Brazilian aircraft carrier Sao Paulo was formerly the Foch when under service with the French Navy. (Emmanuel Pain/AFP via Getty Images)
MERSIN, Turkey Two groups are hoping to make a last ditch effort to save a retired Brazilian aircraft carrier that’s planned to be scrapped. One wants to turn the ship into a museum. The other, a training ship for the Turkish Navy.
The Sao Paulo/Foch Institute in Brazil is trying to prevent the aircraft carrier Sao Paulo from making its way to Turkey for disassembly and instead hopes to turn it into a museum. ....

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Brazilian group seeks to stop aircraft carrier sale to Turkish company

Brazilian group seeks to stop aircraft carrier sale to Turkish company
defensenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from defensenews.com Daily Mail and Mail on Sunday newspapers.

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Brazilian group seeks to stop aircraft carrier sale to Turkish company

Brazilian group seeks to stop aircraft carrier sale to Turkish company
marinecorpstimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marinecorpstimes.com Daily Mail and Mail on Sunday newspapers.

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Carolina Herrera Istanbul Collection | Penang Web and Graphic Design Agency – GurlstudioPenang Web and Graphic Design Agency

Carolina Herrera Istanbul Collection | Penang Web and Graphic Design Agency – GurlstudioPenang Web and Graphic Design Agency
gurlstudio.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gurlstudio.com Daily Mail and Mail on Sunday newspapers.

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