Turkey Prints its Highest-Value Banknote at Record Rate Amid Runaway Inflation
The number of 200 lira notes in circulation almost doubled year on year in November.Photographer: Kerem Uzel/Bloomberg
ByAsli Kandemir and Beril Akman
December 13, 2022 at 5:24 AM EST
Turkey is printing its highest-denominated banknote at the fastest rate on record, flooding the country with cash as inflation of over 80% forces consumers and businesses to pay more for less.
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Turkey Prints Highest-Value Lira Banknote at Record Rate Amid Runaway Inflation - Bloomberg