Turkish banks issued strong warnings to their customers regarding the use of credit cards in specific transactions, such as purchasing gold, foreign currencies, and crypto-assets. The warning comes within the framework of a series of measures aimed at reducing the high inflation rates, which have reached 65% on an annual basis.
The volume of use of individual credit card in Turkey reached 1 trillion and 172 billion Turkish liras during February 2024. There are 2.1 million people who still owe their credit card debts, which It was sold to asset management companies.