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Old 25th May 2020, 23:59   #2871 (permalink)
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Re: Watch The Lira Now

Five times tax on foreign currency buying and selling. After that 1 dollar tax will be given for every 100 dollar purchase.

https://m.doviz.com/haber/doviz-habe...t-vergi/565529
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Old 26th May 2020, 05:11   #2872 (permalink)
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Re: Watch The Lira Now

Quote:
Originally Posted by enoch View Post
Five times tax on foreign currency buying and selling. After that 1 dollar tax will be given for every 100 dollar purchase.

https://m.doviz.com/haber/doviz-habe...t-vergi/565529
What exactly will that mean for those of us either bringing in Sterling and exchanging for Lira, or, using Transferwise to change our Sterling in UK for Lira and having it paid into our Turkish bank accounts?
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Old 26th May 2020, 07:24   #2873 (permalink)
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Re: Watch The Lira Now

It should not affect transferwise, as they pay you in TL. It will affect us when we change Sterling either online of at the bank. It will have a massive effect on imports. All imports from China for example are paid for in US dollars, including shipping costs. It will have an effect on shopping malls too, many of the rental contracts for shops are still in US dollars.
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Old 27th May 2020, 17:43   #2874 (permalink)
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Re: Watch The Lira Now

Turkish coronavirus slump could prompt private banks retreat. Router's

https://uk.reuters.com/article/us-tu...332BT?rpc=401&

Last edited by enoch; 27th May 2020 at 18:53..
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Old 5th June 2020, 14:57   #2875 (permalink)
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Re: Watch The Lira Now

Turkey’s annual inflation accelerated to 11.4 percent in May from 10.9 percent in April.


Consumer Price Index, May 2020

Consumer price index (CPI) increased by 11.39% annually and 1.36% monthly


Turkish Statistical Institute Consumer Price Index May 2020
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Old 5th June 2020, 15:02   #2876 (permalink)
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Re: Watch The Lira Now

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Originally Posted by Camden View Post
Turkey’s annual inflation accelerated to 11.4 percent in May from 10.9 percent in April.


Consumer Price Index, May 2020

Consumer price index (CPI) increased by 11.39% annually and 1.36% monthly


Turkish Statistical Institute Consumer Price Index May 2020
That's only the start.
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Old 8th June 2020, 18:28   #2877 (permalink)
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Re: Watch The Lira Now

Big hike to gasoline and engine oil.


EPGİS Energy Oil Gas Supply Stations Employers Union
@trepgis

Price Increase in Fuel Oil Products to be effective as of 09/06/2020; There was an increase in 37 gasoline and 32 KRŞ / LT pump prices in petrol.


According to the statement made by EPGİS, it is 37 kurus for petrol and 32 kurus for its engine oil, effective from midnight.
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Old 1st July 2020, 17:10   #2878 (permalink)
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Re: Watch The Lira Now

A blow to Turkey and employment..

Volkswagen abandons $1.1 billion Turkey factory plans... it was to be their hub to the Middle East and one of the largest investments in the country’s automotive industry in more than two decades.

It had been suspended because of the Turkey's Syrian intervention.

But now the German carmaker Volkswagen abandoned plans altogether to build a factory in Turkey due to the economic impact of the coronavirus pandemic and the slump in demand for cars across the globe

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Old 2nd July 2020, 14:40   #2879 (permalink)
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Re: Watch The Lira Now

'fresh market concerns' July 2, 2020


https://www.thenational.ae/business/...says-1.1042537
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Old 2nd July 2020, 16:14   #2880 (permalink)
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Re: Watch The Lira Now

I just hope that they are looking after my 250TL at Garanti.
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