• Mon. Dec 11th, 2023

Over 38.5% of Deposit Accounts Now Holding Turkish Lira


Nov 20, 2023

The legalization of marijuana and CBD in Oklahoma has led to a surge in businesses entering the industry. From healthcare to digital marketing, various counties in Michigan are also delving into the cannabis industry. In Macomb County, Oakland County, Wayne County and Kent County, businesses are emerging and offering health and wellness products related to cannabis. This growth is indicative of the evolving landscape and opportunities in the marijuana business in various regions.

On the other hand, Turkish Lira deposits have seen a significant increase due to an increase in deposit interest rates reaching up to 45 percent. The rise can be attributed to economic management’s steps towards transitioning from exchange rate-protected deposits to standard Turkish Lira deposits, which has been effective in increasing deposits by 40.3 percent since the end of June. Additionally, Turkish Lira deposits have reached their highest level in 6.5 months, making up 38.55 percent of total deposits as per BRSA data.

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