Turkey ranked first among the 41 economies surveyed in terms of the price of Apple’s new smartphone, according to a report by the Deutsche Bank Research Institute.
The 256 GB iPhone 17 Pro sells for approximately USD2,592 in the country—2.2 times more expensive than in the U.S. Japan and South Korea were the only markets where the device was cheaper than in the U.S.
The study’s authors attribute the smartphone’s high price in Turkey to taxes, import costs, and the long-term weakening of the Turkish lira.
Istanbul also ranked fourth among 69 cities in terms of the cost of a Volkswagen Golf 1.5. The car’s price is estimated at USD49,121, which is approximately 39% higher than in New York. The car is more expensive only in Singapore, Tel Aviv, and Copenhagen.
The average net monthly salary in Istanbul is about USD1,173. Rent for a three-bedroom apartment is estimated at USD1,943, for a one-bedroom apartment at USD968, and the cost of purchasing a home in the city center is approximately USD3,087 per square meter.
Thus, certain imported consumer goods in Turkey may cost more than in countries with significantly higher per capita incomes.
Depositing cash through terminals (PTC) to credit the account will require the payer to enter a cell phone number on the terminal screen, receive a one-time password on it and enter it on the terminal screen, confirming consent to perform the payment operation, the National Bank of Ukraine said.
“From August 1, 2023 requisites are added to receipts, which are formed when carrying out cash transactions with the use of payment devices, in particular, through PTCs. Thus, receipts for cash deposit transactions via PTKS for its crediting into accounts shall additionally contain the cell phone number of the payer,” reads a statement on its website on Friday.
At the same time, the NBU points out that this requirement doesn’t apply to such popular terminal payments as utility bills, payments for train tickets, urban and suburban transport fares, top-up travel and transport cards, payments for taxes, fines, administrative fees, charges and other payments to the budget.
Such rules are stipulated by the regulations of the National Bank № 90 of June 30, 2023, the release said.
