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16 June 2023 – Cappadocia, Turkey: The World’s Largest Underground City
Cappadocia, Turkey is a region known for its unique landscape of fairy chimneys, cave churches, and underground cities. One of the most popular tourist destinations in Cappadocia is the Derinkuyu underground city, which is thought to be the largest underground city in the world.
The Derinkuyu underground city was built by the Phrygians in the 8th century BC. It was later used by the Christians as a place of refuge during times of persecution. The city is made up of 18 levels, which are connected by a network of tunnels and stairs. It is estimated that the city could have housed up to 20,000 people.
The Derinkuyu underground city is a fascinating example of ancient engineering. It is a testament to the ingenuity and resilience of the people who built it. Today, the city is a popular tourist destination, and it offers visitors a unique glimpse into the past.
The Derinkuyu underground city is located in the town of Derinkuyu in Nevşehir Province, Turkey. The city is made up of 18 levels, which are connected by a network of tunnels and stairs. The deepest level is 85 meters (280 feet) below the surface.
The city is a maze of rooms, corridors, and tunnels. There are living quarters, kitchens, churches, stables, and even a wine press. The city also has a ventilation system that provides fresh air to the inhabitants.
The Derinkuyu underground city was built to protect its inhabitants from invaders. The city’s entrance is a large stone door that can be closed from the inside. The city also has a number of other security features, such as trapdoors and secret passages.
The Derinkuyu underground city was used by the Phrygians, the Christians, and the Byzantines. It was finally abandoned in the 1920s.
The Derinkuyu underground city is a popular tourist destination. Visitors can explore the city’s many levels and learn about its history. There are also a number of museums and souvenir shops in the town of Derinkuyu.
The Derinkuyu underground city is open to visitors from 8:00 AM to 5:00 PM. The entrance fee is 100 Turkish lira (about $12 USD).
How to get there:
The Derinkuyu underground city is located about 30 kilometers (19 miles) from the city of Nevşehir. There are a number of ways to get there, including bus, car, and taxi.
The bus is the cheapest option. Buses depart from the Nevşehir bus station regularly. The journey takes about 30 minutes.
If you are driving, you can follow the signs for Derinkuyu. The city is well-signposted.
Taxis are also available from the Nevşehir bus station. The journey takes about 30 minutes and costs around 50 Turkish lira (about $6 USD).
The Derinkuyu underground city is a fascinating and important historical site. It is a testament to the ingenuity and resilience of the people who built it. Today, the city is a popular tourist destination, and it offers visitors a unique glimpse into the past.
Visit the Derinkuyu underground city and learn about its fascinating history.
18 August 2022 – Turkey’s central bank on Thursday stunned the markets by lowering its main interest rate even as inflation soared to a 24-year high and looks set to climb further.
Turkey lowered its one-week repo auction rate to 13 percent from 14 percent. Inflation is at 80 percent and rising. This forces businesses and ordinary people to spend as much as possible before their liras lose even more value with each month. Turkey now has a real interest rate of negative 66.6 percent when adjusted for inflation.
Turkey’s approach has propelled economic growth that Erdogan hopes can help him secure a third decade in power in a general election scheduled for next June.
But it has been accompanied by a sharp depreciation of the lira that has eroded living standards and pushed the financial sector to the brink of crisis.
3 June 2022 – Turkey’s annual inflation rate is the highest since October 1998, when annual inflation was 76.6 percent.
Inflation jumped to a 24-year high of 73.5 percent in May 2022.
9 May 2022 – Inflation in Turkey has hit nearly 70% in April 2022.
Central bank interest rate in Turkey is 14 percent.
The Turkish lira lost 44 percent of its value against the US dollar in 2021.
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