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Turkey Hikes Exchange Rate for Medicine by 30.5%


Sun 23 Jul 2023 | 07:46 PM
Taarek Refaat

The Turkish government raised the exchange rate of the dollar and the euro, which is used to set drug prices.

The rise in the exchange rate and the shortage of medicine resulted in an increase in drug prices by about 30.5%, as the price of the euro rose against the lira, used in pricing medical products to record 14.038 liras.

According to this increase, the value of products insured at the price amounted to 48.41%, while the value of other products amounted to 25.30 liras.

The medicine shortage crisis in Turkey was exacerbated by the depreciation of the lira against foreign currencies.