Turkey Delays Inflation-Adjusted Accounting for Financial Institutions Until 2025
Turkey’s financial landscape is set to undergo a significant change, with the Banking Regulation and Supervision Agency (BDDK) announcing on Monday that banks and various financial institutions will defer the implementation of inflation-adjusted accounting until January 1, 2025. This decision aligns with the government’s broader policy, initiated last year, mandating the application of inflation-adjusted accounting […]
The inflation research team ENAG held accountable in Turkey and fired for an inquiry
At a university in Istanbul, the trusty leader of a distinguished Turkish research facility who is researching analytical reasoning and deductions of Turkey’s inflation, which is claimed to be double the usual figure is now withheld to be questioned about the authenticity of his statements. Sources reveal there were official papers that warranted the Yeditepe […]