Turkey: 50% increase in the minimum wage to 240 euros

The dollar is out of control now reaching the historical record of 15,68 Turkish pounds and the euro at 17,61 Turkish pounds

imagew 73 Minimum Wage, Turkey, TURKISH LIRA

Turkish President Recep Tayyip Erdogan announced a 50% increase in the minimum wage shortly after interest rates were cut by the Central Bank and the pound plunged.

The Turkish president announced that the minimum wage for 2022 is set at 4.250 Turkish pounds, ie 240 euros based on the current exchange rate.