Turkey has eased the financial and investment criteria for foreigners who want
to become Turkish citizens as the country copes with its currency crisis caused by US tariffs
The lira stood at 6.39 against the dollar on Wednesday Sep 19,2018
The amount of dollars or other foreign currency
needed as one of the criteria to become a Turkish citizen were sharply
reduced, according to revised regulations published in the Official
Gazette on Wednesday Sep 19,2018
The size of bank deposits was cut from $3m to
$500,000 and the amount of required fixed capital investment was reduced
to $500,000 from $2m, the decision said.
The new measures come weeks after Turkey's currency, the lira, lost more than 40 percent of its value against the US dollar last month, prompting a 20 percent inflation
No comments:
Post a Comment