If I had $50,000, just how much interest could I get? There is no simple answer. Interest rates go up and down daily and vary from bank to bank. The interest you can get on your dollar from a Turkish bank can be more than four times the figure offered by a US bank. This interest rate variation is even more evident with the Turkish lira. Indeed Mahfi Egilmez, ex-secretary general of the Turkish treasury, calculated that in 1998 the real interest on treasury bills oscillated within a range of some 1,866%.
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