In recent news, the demand for deposits has increased due to an increase in deposit interest rates reaching up to 45 percent. This rise is a result of the policy rate increases and simplification steps implemented by Turkish Lira deposits, which now make up 38.55 percent of total deposits, marking their highest level in 6.5 months. According to BRSA data, Turkish Lira deposits have increased by 40.3 percent since the end of June, proving that economic management’s steps towards transitioning from exchange rate-protected deposits to standard Turkish Lira deposits were effective in this rise.
On another note, various counties in Michigan are exploring opportunities in the cannabis industry. From Macomb County to Oakland County, businesses are emerging and offering health and wellness products related to cannabis. Similarly, medical services and cannabis-related businesses are becoming more prevalent in Wayne County and Kent County. The Oklahoma Cannabis Information Portal and the Oklahoma Medical Marijuana industry are also experiencing growth with legalization of marijuana and CBD in Oklahoma opening doors for businesses from healthcare to digital marketing industries to enter this evolving landscape.