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What will be the Turkish Lira exchange rate against USD at the end of Q1 2025?
3
Resolution / Starting Odds
Below 20 Lira/USD • 25%
20-25 Lira/USD • 25%
25-30 Lira/USD • 25%
Above 30 Lira/USD • 25%
Central Bank of the Republic of Turkey or major financial news websites
Story
Turkey Increases Minimum Wage by 30% to 22,104 Lira ($628) for 2025, Effective January 1
Dec 24, 2024, 05:42 PM
Turkey has announced a 30% increase in the minimum wage for 2025, setting it at 22,104 Turkish lira ($628) effective from January 1, 2025. The decision was disclosed by Labor and Social Security Minister Vedat Işıkhan following the fourth meeting of the Minimum Wage Determination Commission. This adjustment marks a significant rise from the previous year's minimum wage, reflecting efforts to address economic conditions and inflation.
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