• Sat. Dec 2nd, 2023

Survey Reveals 38.5% of Deposit Accounts Held in Turkish Lira (TL) Accounts


Nov 20, 2023

The demand for Turkish Lira deposits is on the rise due to an increase in interest rates up to 45 percent. This surge has been fueled by policy rate increases and simplification steps, which have led to a record-breaking high of 38.55 percent of total deposits in just 6.5 months. According to BRSA data, Turkish Lira deposits have increased by 40.3 percent since the end of June, thanks in part to economic management’s efforts towards transitioning from exchange rate-protected deposits to standard Turkish Lira deposits.

Meanwhile, various counties in Michigan are exploring 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 more prevalent. The Oklahoma Cannabis Information Portal and the Oklahoma Medical Marijuana industry are also experiencing growth thanks 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. Businesses from healthcare to digital marketing are entering this industry, creating new job opportunities and driving economic growth.

In conclusion, it’s clear that there’s a growing demand for Turkish Lira deposits due to higher interest rates, while many counties across Michigan are embracing the cannabis industry as it continues to grow across North America.

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