Turkish Monetary Unit
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The lira, along with the related currencies of Europe and the Middle East, has its roots in the ancient Roman unit of weight known as the libra which referred to the Troy pound of silver. The Roman libra adoption of the currency spread it throughout Europe and the Near East, where it continued to be used into medieval times. The Turkish lira, the French livre (until 1794), the Italian lira (until 2002), Lebanese pound and the pound unit of account in sterling (a translation of the Latin libra; the word "pound" as a unit of weight is still abbreviated as "lb.") are the modern descendants of the ancient currency.
The design, created by Tülay Lale, was endorsed after a country-wide competition. It was chosen as the winner from a shortlist of seven submissions to the board of the Central Bank, selected from a total of 8,362 entries. The symbol resembles the first letter of the Turkish monetary unit, L, in the form of a half anchor with double stroke.[23][24][25][26][27]
As of 1st of January 2005, six zeroes have been deleted from our currency and YTL (New Turkish Lira) became the new currency unit of Turkey, so we started using the New Turkish Lira and the New Kurus (cent). The Law for YTL #5083 was published in the Official Gazette dated 31 January 2004.
While determining the name of the new currency unit, the expression of "Lira", which is the unique currency unit traditionally used throughout the Republican period after the War of Independence and identified with Turkey in international markets, has been preserved.
Many countries that dropped zeros from their currency units opted for adding the adjective "new" before the name of their currency units in order to facilitate the transition and omitted the word "new" after a while. 49 countries so far removed zeros from their currency; Brazil deleted 18 zeros in 6 operations, Argentina 13 zeros in 4 operations, Israel 9 zeros in 4 operations, Poland 4 zeros in 1 operation, Greece 3 zeros in 1 operation. Etc.
Removing six zeros from the currency coupled with the ongoing efforts to driving inflation down to single digit numbers is a very important step from the point of its effects on the reputation of the currency. Meanwhile, deleting zeros from the currency will eliminate the technical as well as operational problems arising form the use of figures with multiple zeros. Therefore monetary expressions will be simplified and taking records and making transactions will become easier.
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Hospitals are not standard manufacturing companies; therefore, the cost calculation of hospitals involves more complex processes. In a cost analysis study, the spectrum is among the bottom-up (micro-costing) and the top-down (gross costing) approach.[6] Each component of resources used in the micro-costing method (such as laboratory tests, medications, or labor hours) is determined and the unit cost is derived from each. It is a frequently used method to calculate the costs more precisely where there is an inventory of all resources used. However, there is no single micro-costing methodology. The methodology used may differ depending on the data set and the objective of the study. The data collected in this context can include administrative data sets, patient charts, hospital accounting systems, or direct observation results.[7] A hybrid model including micro-costing and gross costing methods can also be used in cost calculations.[6]
Each main process was defined along the transfusion chain, the frequency and utilization characteristics of these processes were determined, the sub-activities of each main step were established, and the time required for these activities was calculated. The unit cost of each blood component was calculated by adding up the material cost, labor cost, and general production cost caused by each activity. The currency of Turkish Lira (") was converted to United States (US) Dollars ($) using purchasing power parities; i.e., rates of currency conversion eliminating price differences between countries. As a result, a sum of money would have the same buying power in each country. Exchange rates declared by the Organisation for Economic Co-operation and Development (OECD) for 2018 and 2019 years were used in this conversion. A retrospective hybrid model was used, where labor and material costs were calculated by micro-costing and general production costs by gross costing. The calculation methods of these costs were based on the following four items:
The one-year total cost obtained from the hospital accounting information system was first assigned to the transfusion center and, then, to six different blood components processed in the transfusion center. Electricity, water, and fuel expenses are distributed based on the per m2; computer service purchase expense, telephone subscription fee, information and internet access fee, insurance expense, archive leasing expense were distributed based on the total number of staff working in the blood center (10 employees). Inventory depreciation expense was calculated as 20% of the monetary value of inventory in accordance with the notification of the General Directorate of Accounting of Turkey.[9] Healthcare c enters pay a fee for medical waste management with a varying cost per kg of the medical waste. Therefore, the amount of medical waste generated by the blood center in one year was proportioned to the total medical waste amount (kg) of the hospital for one year and this rate was applied to the expense (") of the total medical waste disposal and transportation service.
In a study where the cost of plasma transfusion was calculated using an activity-based cost method, unit cost per FFP was found to be $409, while the unit cost per patient transferred was $1,608. Waste products, in-hospital processes, and overhead costs were found to account for 89% of total FFP transfusion costs.[18]
In this study, we determined that the cost of supply varies according to blood component which constituted approximately 22 to 73% of the total cost. Labor and general production expenses constituted 63% of the total cost in the unit cost of FFP. It is thought that the uncalculated cost of wasted components may play a lower role than other studies. Also, lower labor costs in other studies may have an impact on lower hospital costs. The average minimum wage in OECD countries in 2018 was $12,616 and $15,410 in Turkey.[19] In other studies, the cost of providing one unit of blood to the hospital is often higher than our study, which affects the overall cost to remain relatively low.
With the transfusion process improvement studies carried out in 2019, a decrease of 23.24% in the number of transfusions and a saving of approximately 15% ($916,059.90) in total transfusion cost was achieved, although the unit transfusion cost increased compared to 2018.
The only exception relates to some qualified business units (QBUs), which are generally allowed to use the currency of a foreign country. If you have a QBU with a functional currency that is not the U.S. dollar, make all income determinations in the QBU's functional currency, and where appropriate, translate such income or loss at the appropriate exchange rate.
The Lira was introduced as a form of currency in 1844 as the Ottoman Lira, replacing the kurus as the primary unit of currency in the Ottoman Empire. Following the fall of the Ottoman Empire and the creation of the Republic of Turkey in 1923, the Lira became known as the Turkish Lira.
Sasha Ekanayake, Save the Children Turkey Country Director, said: "This is one of the strongest earthquakes to hit the region in 100 years and made thousands homeless, while the region is experiencing freezing weather and snowstorms. Schools in the affected areas are now closed for a week. Our teams are moving quickly to check all our staff are safe, and to respond to the emergency, but it's crucial that the international community acts now to provide support to the thousands of people in need."
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Çeviköz laid out some elements of a possible way forward. As a first step, the necessary physical conditions for basic livelihood, including living spaces and employment opportunities, must be restored in Syria. Along with these steps, critical services such as education, health, and security need to be brought up to speed. Turkey cannot be expected to shoulder the financial burden for all this work on its own. Therefore, Çeviköz said, international financing through a solidarity fund and the support of the UN and the EU would be necessary. Meanwhile, Turkey could undertake the realization of some projects while Turkish businessmen and conglomerates, particularly those active in the eastern parts of Turkey, could be incentivized to invest in Syria. These efforts would create new jobs and opportunities for Syrians in their own country, encouraging the voluntary return of Syrians to their homeland. Çeviköz stressed the need for returns to be voluntary. 781b155fdc