The Cost of the 50 Kurus Coin Increased to 66 Kurus

Deputy Özkan Yalım conducted a research on coins. This research revealed that the minting of coins harmed the state. The reason for this is the increase in the cost of raw materials used in coin minting, such as copper, zinc and nickel.

Turkey has recently experienced a serious economic crisis lives. The clearest indication of this is that the exchange rates, which are already very high, have broken record after record in recent days, and this directly leads to inflation. A study, on the other hand, revealed that the Turkish lira depreciated even against the Turkish lira. Because it seems that the state even when minting coins it’s starting to hurt.

A study conducted by Uşak Deputy Özkan Yalım shows that increasing metal prices with foreign currency. began to damage the treasury. revealed. Because, according to the study, the Mint, which wanted to produce 50 kuruş coins, worth 66 cents must use mines. According to the statements made, this situation is mostly of scrap dealers it has come in handy. It is stated that the scrap dealers who collect the coins are separating the metals in these coins and selling them.

“The Central Bank is making serious losses in the printing of coins”

Özkan Yalım’s research is not just about the 50-cent coin. So much so that all other coins are also damaged. “Mint has energy, personnel and other expenses. Central Bank coin minting does serious damage.“According to the research of the deputy 26 cents for 1 cent, 28 cents for 5 cents, 31 cents for 10 cents, 39 cents for 25 cents minerals (copper, nickel and zinc) are required. The cost of 1 TL coin to the state 79 cents Let me also point out.

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The following statements were included in the evaluations made by Uşak Deputy Özkan Yalım:

Sell ​​the coins by melting them and separating the metals inside has become profitable. That’s why the Central Bank is making a loss in minting coins. The scrap dealers who collect the coins are also making a profit. There are not enough pennies in the market because they collect and melt pennies. also Mine is not money by itself.. There is the Mint established for this. There are employees there, there is energy spent, personnel and other expenses…

Source :
https://www.cumhuriyet.com.tr/ekonomi/akpnin-turk-ekonomisini-getirdigi-son-nokta-50-kurusun-maliyeti-66-kurus-1879374


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