Turkish lira

The owner of Karaca Island, located in the Gökova Gulf, has updated the island's sale price from 145 million Turkish Liras ($9.8 mln) to 360 million liras ($24.3 mln).

Real estate agents in the southwestern province of Muğla's Marmaris district, where the island is located, said the owner is a Turkish businessman living in the U.S.

Domestic tourism spending increased by 80.2 percent from the previous year to reach 58.1 billion Turkish Liras ($3.9 billion), data from the Turkish Statistical Institute (TÜİK) have shown.

Total spending domestic travelers made stood at 32.3 billion liras.

The Turkish government will provide substantial financial support to property companies for promotion activities abroad, according to a presidential decree published in the Official Gazette on April 22.

Marketing Turkish properties have been classified as "service exports," the decree said.

Public transport prices, including buses and taxis, have been hiked by 40 percent, while water prices have been increased by 29 percent in Istanbul.

The Istanbul Metropolitan Municipality's Transportation Coordination Center (UKOME) met on April 6 to set new prices for the city's public transport.

A first-emission 1,000 Turkish Lira banknote which was printed in the U.K. in 1927 was put up for sale at an online auction with an opening price of 800,000 Turkish Liras (nearly 60,000 dollars).

The banknote features a portrait of Mustafa Kemal Atatürk, founder of modern Turkey, on the front and an image of the Geyve strait section of the Sakarya railway line on the other side.

Energy and Natural Resources Minister Fatih Dönmez said on Feb. 11 that the Turkish government is determined to draw up broad measures soon that will provide relief to families and businesses amid soaring utility bills.

Turkey aims to attract nearly 5,000 tons of under-the-mattress gold into the financial system, Treasury and Finance Minister Nureddin Nebati said at a press conference in London on Feb. 8.

Inflation rates in Turkey could peak in April before falling to single digits by the June 2023 general election, Treasury and Finance Minister Nureddin Nebati told Nikkei Asia in an interview published on Feb. 3. 

We are taking steps one by one which will protect our people from high inflation and high cost of living, President Recep Tayyip Erdoğan said on Jan. 31 after the Presidential Cabinet meeting.

The raises in employees' incomes, including the minimum wage, public servants' salaries and pensions, are among those steps, he added. 

Turkey's Central Bank on Dec. 1 intervened to prop up the value of the Turkish Lira.