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  HOME PAGE 19/12/2024 18:49 
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The exploitation of coin shortages in the market.

The exploitation of coin shortages in the market.

19.12.2024 08:10

The production cost of 1 TL has exceeded 3 TL. As a result, opportunists have found a golden opportunity. The availability of 1 TL in the market has nearly reached a critical point. Opportunists have started to collect 1 TL coins and sell them to scrap dealers for unjust profits. While the cost of 1 TL remains in the spotlight, the cost of 25 kuruş has reached 1.86 TL, and the cost of 50 kuruş has also risen to 2.63 TL.

The limited increase in currency prices has also reflected on the alloys used in metal coins. The production costs of coins have exceeded their material value. The cost of a 1 TL coin has surpassed 3 TL. After the cost increase, it became impossible to buy a 10 TL loaf of bread with three 1 TL coins, but now it is possible to buy a 10 TL loaf of bread with the cost of three 1 TL coins.

COINS ARE EXPENSIVE DUE TO THEIR ALLOYS

The mint had reduced the weight to lower costs. The ratios of zinc, copper, and nickel used in coin production were decreased, resulting in savings in production, but as the value of the alloys increased, they became expensive again due to their alloys.

THEY SELL TO SCRAP DEALERS

According to a report on Show News, it has become difficult to find coins in the market. After the material value of 1 TL exceeded 3 TL, opportunists found a new opportunity. The number of opportunists who collect 1 TL coins as soon as they hit the market and sell them to scrap dealers has increased.

COST OF 25 AND 50 KURUŞ HAS INCREASED

Similar situations have occurred with other coins as well. The cost of a 25 kuruş coin is 1.86 TL, and the cost of a 50 kuruş coin is 2.63 TL. In other words, their costs have also exceeded the purchasing power.



 
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