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[size=36]Turkey is supplying its economy with a new currency[/size]
Economy | 09:47 - 20/11/2019
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Turkish official sources revealed that the Central Bank of Turkey will complete the testing of a currency, based on the lira, by the end of next year 2020.
Turkish economic authorities are seeking to establish a system of immediate payment using digital lira, and the application of "Block Shin" systems in transport, management and public services, According to a report by the Qatar-based Al Jazeera network.
According to Turkish media, the digital currency will enable Turkish citizens to conduct transactions immediately and provide a new set of decentralized financial instruments for the Turkish economy.
The Turkish Ministry of Finance has indicated that it intends to promote digital transfers, including encouraging initial offers of digital currencies as a means of supporting new projects.
According to readings by experts and researchers in the Turkish economy that the digital lira based on the official currency in the country is an important haven to deal with major problems of the economy, such as inflation, unemployment and recession.
According to estimates, the number of dealers in the official digital currency in Turkey will reach about one hundred thousand dealers, while the Turks aim to attract capital from the countries of the Middle East and the Arabian Gulf to invest in them.
It is estimated that during last year's turmoil of the Turkish lira, cryptocurrency volumes rose.
Last year Koinin, Turkey's largest cryptocurrency exchange, saw Bitcoin volumes rise by more than 60% in the same period as the lira depreciated by more than 10%, while BTCTurk and Paribu saw booms of between 35% and 100%.
A survey by the French financial center Ipsos is likely to double the number of Turks using cryptocurrencies in the coming years.
The Census conducted by the Center in 15 countries shows that 51% of Turks believe that the value of the cryptocurrency will rise in the coming years, and that they are trading financially in a safe place, and according to the same center will invest 45% of the Turkish people in crypto deliberations.
Turkish economic authorities are seeking to establish a system of immediate payment using digital lira, and the application of "Block Shin" systems in transport, management and public services, According to a report by the Qatar-based Al Jazeera network.
According to Turkish media, the digital currency will enable Turkish citizens to conduct transactions immediately and provide a new set of decentralized financial instruments for the Turkish economy.
The Turkish Ministry of Finance has indicated that it intends to promote digital transfers, including encouraging initial offers of digital currencies as a means of supporting new projects.
According to readings by experts and researchers in the Turkish economy that the digital lira based on the official currency in the country is an important haven to deal with major problems of the economy, such as inflation, unemployment and recession.
According to estimates, the number of dealers in the official digital currency in Turkey will reach about one hundred thousand dealers, while the Turks aim to attract capital from the countries of the Middle East and the Arabian Gulf to invest in them.
It is estimated that during last year's turmoil of the Turkish lira, cryptocurrency volumes rose.
Last year Koinin, Turkey's largest cryptocurrency exchange, saw Bitcoin volumes rise by more than 60% in the same period as the lira depreciated by more than 10%, while BTCTurk and Paribu saw booms of between 35% and 100%.
A survey by the French financial center Ipsos is likely to double the number of Turks using cryptocurrencies in the coming years.
The Census conducted by the Center in 15 countries shows that 51% of Turks believe that the value of the cryptocurrency will rise in the coming years, and that they are trading financially in a safe place, and according to the same center will invest 45% of the Turkish people in crypto deliberations.
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