200 TL melted like this

Inflation has turned the purchasing power of our largest note, the 200 lira, into a bird. We could buy 3 gold quarters, 131 dollars, 94 euros or 63.5 liters of gasoline that day with 200 TL that entered our wallet for the first time on January 1, 2009. 14 years have passed, today our largest banknote is again 200TL. Today, 200 lire is only one tenth of a quarter of gold. To get 3 gold quarters, you need exactly 28,200. This is how the 200 lira note was melted against inflation, gold, dollars, euros and gasoline:

TL 1,543 with inflation calculation: According to TUIK, the CPI index has increased by 671.5 percent since January 2009. According to this TURKSTAT calculation, it takes 1,543 lira, or about 8,200 lira, to reach the purchasing power of 200 lira that day.

5,645 with a gold quarter account: With 200 lire at the time, approximately 3 gold quarters were purchased at 69 lira each. Today it takes 5,645 lire to buy 3 gold quarters, each worth 1,950 lire.

In Dollar-Euro account: At that time, 131 dollars of 1.53 TL and 94 euros of 2.13 TL with 200 liras were withdrawn. Today’s 200 liras are worth 10.5 dollars and 9.6 euros.

63 liters of gasoline: In 2009, 63.5 liters of gasoline were purchased at 200 lire at 3.15 lira per liter. Today, 1,380 liras are needed for the same gasoline. Whoever buys 200 liras of gasoline stays on the road.

Inflation reaches 3 percent

The rise in inflation, which reached 10 percent in the first 2 months of the year, is expected to continue into March. In the Reuters poll of 14 participants, March inflation was 2.85 percent. Annual inflation is expected to be 51.3%. In the Bloomberg HT Inflation Survey, market participants forecast inflation to be reported at 2.75 percent a month in March. Annual inflation is expected to decline to 50.8 percent.