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Old 10th August 2018, 09:33   #1601 (permalink)
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Re: Watch The Lira Now

Quote:
Originally Posted by yalimart View Post
The impact on prices must be taking a toll on the poorly paid in particular and as my mate says the Russian revolution started because of rising bread prices, I can't see the average Turk rubbing their hands together because expats are getting super high interest.

Martin
Bread and circuses comes to mind.
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Old 10th August 2018, 09:33   #1602 (permalink)
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Re: Watch The Lira Now



Why all the gloom & doom today –what’s the worst that can happen?.. Let’s look at the bright side of life - there’s always a choice.

You can live in poverty in Turkey or in poverty in UK post Brexit

Maybe all accounts will be frozen and replaced by Turkish government bonds with a promise to repay in 25 years.

I’m sure we’d all be happy with that knowing that we are doing our bit to support the Turkish economy.

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Old 10th August 2018, 09:36   #1603 (permalink)
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Re: Watch The Lira Now

Time to fill the car tanks, before the petrol zam hits, best pay on the credit cards too.
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Old 10th August 2018, 09:57   #1604 (permalink)
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Re: Watch The Lira Now

Two stories caught my eye this morning.... and set me thinking.

Nigerian detained in Turkey after promising to turn paper into dollars
Nigerian detained in Turkey after promising to turn paper into dollars

Turkey’s banks will ‘comfortably’ renew funding: Association chair
Turkey?s banks will ?comfortably? renew funding: Association chair
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Old 10th August 2018, 11:38   #1605 (permalink)
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Re: Watch The Lira Now

Lots of commentary and expert opinion of BBC World News today... Not alot of positives I'm afraid!!
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Old 10th August 2018, 12:07   #1606 (permalink)
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Re: Watch The Lira Now

11.30am got 7.4908 in Isbank
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Old 10th August 2018, 12:53   #1607 (permalink)
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Re: Watch The Lira Now

Why Can't Turkey Stop Its Economic Nose-Dive?

What’s gone wrong with Turkey’s economy?...

https://www.bloomberg.com/news/artic...dive-quicktake
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Old 10th August 2018, 13:05   #1608 (permalink)
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Re: Watch The Lira Now

I think capital control will happen a bit like what happened in Tunisia. I mentioned in a post i think 3 years ago.
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Old 10th August 2018, 13:27   #1609 (permalink)
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Re: Watch The Lira Now

1 GBP =7.74145TRY

https://www.xe.com/currencyconverter...rom=GBP&To=TRY

I guess the markets are waiting with baited breath, to hear the latest economic miracle plan..
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Old 10th August 2018, 13:32   #1610 (permalink)
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Re: Watch The Lira Now

https://news.sky.com/story/recep-tay...falls-11468293

In god we trust !

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