Ankara, Dec 17 (SocialNews.XYZ) Turkey's minimum wage will be 4,250 Turkish liras ($272) in 2022, President Recep Tayyip Erdogan has said, announcing a nearly 50-per cent increase.
The employees will enjoy a higher minimum wage if they are married and have more children, according to Erdogan at a press conference on Thursday.
There are nearly 6 million workers and labourers relying solely on minimum wage, Turkish Labor and Social Security Minister Vedat Bilgin said earlier.
The official annual inflation rate in Turkey rose to 21.31 per cent in November, Xinhua news agency reported.
Turkey's central bank on Thursday further lowered the interest rate from 15 to 14 per cent despite soaring inflation and depreciating currency.
The weakening Turkish lira has left many people struggling with higher consumer prices through the import of essential goods.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz