Turkey increases minimum wage amid soaring inflation, currency volatility

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Turkey increases minimum wage amid soaring inflation, currency volatility

STORY: Turkey increases minimum wage amid soaring inflation, currency volatility DATELINE: July 2, 2022 LENGTH: 00:01:10 LOCATION: ISTANBUL, Turkey CATEGORY: ECONOMY SHOTLIST: 1. various of Istanbul city in Turkey 2. various of Turkish President Recep Tayyip Erdogan in a press conference in Istanbul, Turkey 3. SOUNDBITE (Turkish): RECEP TAYYIP ERDOGAN, Turkish President 4. various of Istiklal Street, nostalgic train carrying passengers, thousands of people walking down the street 5. various of exchange office 6. various of Turkey's central bank 7. various of people shopping at a supermarket STORYLINE: Turkish President Recep Tayyip Erdogan announced Friday that the country's minimum wage would be hiked up in the face of soaring inflation and volatile currency rates. SOUNDBITE (Turkish): RECEP TAYYIP ERDOGAN, Turkish President "The minimum wage will be 5,500 Turkish liras (328 U.S. dollars) with an interim increase of 30 percent, effective immediately starting on July 1." At the beginning of this year, th

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