No city in America is included in the 10 most expensive cities in the world. At number one is Ashgabat, the capital of Turkmenistan.
Turkmenistan Capital Ashgabat (File Photo)
Turkmenistan’s capital Ashgabat is the most expensive city in the world for foreign workers, according to this year’s Mercer Cost of Living Survey. The survey covered over 200 items including housing, transportation, food, clothing, household goods and entertainment, and covered 209 cities across five continents in the annual report. New York City was ranked 14th in the survey.
The list of top 10 expensive cities mostly consists of global financial hubs such as Hong Kong, which was the most expensive last year, Tokyo, Shanghai, Zurich and Singapore. Mercer has blamed the ongoing financial crisis in Turkmenistan for Ashgabat becoming the most expensive city. Let us tell you that Ashgabat is the capital of Turkmenistan, the most expensive city in the world.
Most expensive city due to recession
Turkmenistan borders Afghanistan to the south. Its other borders are with Iran and Uzbekistan. Turkmenistan has a population of about 6 million, where the effect of the corona virus has been seen less. Although this country is facing recession, due to which the prices of things have increased a lot here. If you look further in this list, the second number is Hong Kong because there are many big companies there.
No American country in top-10
Hong Kong is known as a business hub in the world. The third number is the city of Beirut, which was at number 45 last year. Inflation is at its peak this year. A burger costs Rs 12 here. Japan’s capital Tokyo is at number four, Switzerland’s capital Zurich at fifth, Shanghai city of China at number six, Singapore at seventh, Geneva at eighth, China’s capital Beijing at ninth and Switzerland’s Bern city at number 10.
According to Mercer, there has been a decline in the value of the dollar in the international market this year. The dollar has lost 11 percent in value against the euro. America’s New York City has not been able to make it to the top-10 even after being expensive. The city of Paris in France is not even in this list. Due to the low value of the Australian dollar, expensive cities like Sydney have not been included in this list.
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