The Turkish lira has drastically lost value over the past two decades, with an official inflation rate of 48.6% in October, though independent estimates suggest it may be closer to 90%. Consumption is seen as the best investment due to constant price increases, while the minimum wage barely covers average rent in Istanbul. As the lira stabilizes, the economic reality remains challenging for many, highlighting the disparity between debtors benefiting from hyperinflation and those struggling to make ends meet.
