The share of the highest Turkish currency denomination, “200 lira,” increased to more than 80% of the total cash in circulation

Years of hyperinflation are testing the physical limits of Turkey’s cash-dependent economy, with its largest banknotes becoming increasingly insufficient to cover daily spending.

The highest denomination, 200 lira ($5.80), now represents more than 80% of total cash in circulation, up from 16% in 2010, according to central bank data.

After losing almost all of its purchasing power, each note was worth enough to buy two cups of coffee at Starbucks.



مصدر الخبر

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