After the collapse of the lira .. Turkey raises electricity prices 14%
After the collapse of the lira .. Turkey raises electricity prices 14%
by RamblerNash Sun Sep 02, 2018 1:06 pm
After the collapse of the lira .. Turkey raises electricity prices 14%
01-09-2018 08:44 PM
The Euphrates -
According to figures published in the Official Gazette in Turkey, electricity services will raise prices by 14% for industrial use and 9% for domestic use as of September 1st, Reuters reported.
The price increase will exacerbate inflation, which has already hit the double digits, highlighting other dimensions of the ongoing Turkish currency crisis.
The Turkish lira has fallen about 42 percent this year, hurting energy companies. Turkey relies almost entirely on imports to meet its energy needs.
Turkey has lowered the level of the levy on bank deposits in local currency, which is more than one year in excess of zero, while raising the level of the tax on foreign currency deposits with a maturity of one year.
According to the Official Gazette, # the one-year holding tax on deposits has been reduced to 3% from 12% and the 6-month deposit tax has been reduced to 5% from 15%.
The tax on foreign-currency deposits, which are up to one year, has been raised to 16 percent instead of 15 percent. The newspaper said the change would be valid for three months.
http://www.alforat.info/index.php?page=article&id=60307
01-09-2018 08:44 PM
The Euphrates -
According to figures published in the Official Gazette in Turkey, electricity services will raise prices by 14% for industrial use and 9% for domestic use as of September 1st, Reuters reported.
The price increase will exacerbate inflation, which has already hit the double digits, highlighting other dimensions of the ongoing Turkish currency crisis.
The Turkish lira has fallen about 42 percent this year, hurting energy companies. Turkey relies almost entirely on imports to meet its energy needs.
Turkey has lowered the level of the levy on bank deposits in local currency, which is more than one year in excess of zero, while raising the level of the tax on foreign currency deposits with a maturity of one year.
According to the Official Gazette, # the one-year holding tax on deposits has been reduced to 3% from 12% and the 6-month deposit tax has been reduced to 5% from 15%.
The tax on foreign-currency deposits, which are up to one year, has been raised to 16 percent instead of 15 percent. The newspaper said the change would be valid for three months.
http://www.alforat.info/index.php?page=article&id=60307
RamblerNash- GURU HUNTER
- Posts : 24021
Join date : 2015-02-19 
Similar topics» Like Iran .. The collapse of the Turkish lira and wholesale bankruptcy after the US sanctions
» Expectations of a new collapse of the Turkish lira and restrictions on foreign exchange exit
» Turkey's lira weakens for fifth day on monetary policy worries
» The collapse of the lira in Syria and Lebanon .. Deputy: The Iraqi dinar will be safe, provided that 3 commitments are fulfilled
» Sterling Raises Their Prices
» Expectations of a new collapse of the Turkish lira and restrictions on foreign exchange exit
» Turkey's lira weakens for fifth day on monetary policy worries
» The collapse of the lira in Syria and Lebanon .. Deputy: The Iraqi dinar will be safe, provided that 3 commitments are fulfilled
» Sterling Raises Their Prices
Permissions in this forum:
You can reply to topics in this forum
» Wiley Morgan of Gen64 on Skype Chat Friday Night ~ Updated 6/10
» Mahmoud Dagher explains the economic feasibility of removing zeros from the local currency
» Al-Rasheed Bank announces the removal of its name from the list of international sanctions of the Charter of the United Nations
» The United States allocated 140$ million to support Iraq
» USD/IQD exchange rates climb in Baghdad
» NOPEC Law
» Turkish lira weakens to 15.16 against dollar
» Here's my guess
» Tony and Twitter
» Hamza Al-Jawahiri to / NINA /: The survival of quotas and consensus will not achieve any sustainable development for the national economy / expanded
» The appearance of Muhammad Salih to / Nina /: This is how the surplus oil revenues are disposed of
» USD closes slightly higher in Baghdad on Sunday
» The Central Bank of Iraq 75 years in the face of economic challenges
» (Budget Reserve) may see the light next Wednesday
» Al-Kazemi's advisor puts forward a proposal to double growth rates
» VOTE -- Who Is The Worst Dinarland INTEL Provider Today?
» “Dedicated to Service” on Instagram
» Rehabilitation of the Church of the Virgin Mary in the province of Basra within the Tamkeen project for community initiatives
» Can We Do Without The Commentary!
» 95% of Iraqi revenues still come from oil
» CBI foreign currency sales hike in April
» Where does the excess oil price differentials go?
» Introducing myself...
» Amer Al-Jawahiri to / Nina /: Improving economic activities in the local market is more stable than deleting confusing zeros
» Iraq's oil generates more than 10 billion dollars in one month
» USD/IQD exchange rates inched up in Baghdad
» Becky McGee/Oootah - "Wanted: Attorney and/or Lawyer!" 3/10/19
» Exchange rate game in Iraq: how speculators grossed millions of dollars in 48 hours scheme
» Holly: "Remember we are not in the know of all that goes on behind the scenes" (More Guessing Games...Just What Everybody Needs! LOL) 7/13/21
» RV INTEL BY TEXAS SNAKE, BOB LOCK AND ED OCALA (Three Blind Mice? LOL) 12/8/21
» Technical Adviser to the Prime Minister: The positive effects of changing the exchange rate will be felt more after 3 years
» An economist stresses the need to invest surplus money from oil revenues in profitable projects
» CBI sells +212$ million in the forex auction on Monday
» USD/IQD exchange rates drop in Baghdad
» Outdated laws are a major economic challenge for the next government, Allawi says
» (Initial agreement) to reduce the amount of the emergency support law to 23 trillion dinars
» Planning announces a rise in the monthly and annual inflation rate in Iraq
» Minister of Finance: The financial situation is very good and an upcoming meeting with the International Monetary Fund and the World Bank is in Baghdad
» Mazhar Muhammad Salih: The Central Bank's balance is three times more than the government's external debt