 |
 |
|
|
|
23rd May 2018, 00:33
|
#1 (permalink)
|
|
Senior Member
Join Date: Oct 2005
Posts: 1,447
Thanks: 421
Thanked 517 Times in 257 Posts
|
Lira Crash?
I would like your opinion on the current state of the Turkish Lira.
Although I know nobody has a crystal ball, do you think it will completely crash?
|
|
|
|
23rd May 2018, 02:19
|
#2 (permalink)
|
|
stuart
Join Date: Apr 2005
Location: Turkey.
Posts: 1,668
Thanks: 852
Thanked 990 Times in 558 Posts
|
Re: Lira Crash?
No.
|
|
|
|
|
The Following 4 Users Say Thank You to stuart For This Useful Post:
|
|
|
23rd May 2018, 08:35
|
#3 (permalink)
|
|
Postless Pointer
Join Date: May 2007
Location: surrey / Kuyucak
Posts: 22,692
Thanks: 49,341
Thanked 29,181 Times in 13,225 Posts
|
Re: Lira Crash?
6.38 , how to define a crash , one third of value in under a year ?
Hard to stop a slow motion avalanche .
Will the election help or hinder .
Steve
|
|
|
|
|
The Following 2 Users Say Thank You to Akasya For This Useful Post:
|
|
|
23rd May 2018, 12:08
|
#4 (permalink)
|
|
Senior Member
Join Date: Oct 2017
Location: London/Istanbul
Posts: 1,227
Thanks: 1,906
Thanked 2,068 Times in 951 Posts
|
Re: Lira Crash?
I can't see Erdogan allowing it to fail, (especially with election) even though he doesn't like interest rates he will have to increase as the risk of hyperinflation. He will be pressed by Turkish business to intervene hard ( though he is a maverick and blames outside influences ) but Turkish business has a lot of foreign debt so he must. After the elections, if he wins he has lots of problems sustaining Turkish Growth needed to keep his policies of mega-projects on track. The last resort would be a devaluation by floating lira to find own value (bad), that's why the firm I work for that has interests in Turkey only do transactions in hard currency.
Last edited by Camden; 23rd May 2018 at 12:19..
|
|
|
|
The Following 6 Users Say Thank You to Camden For This Useful Post:
|
|
|
24th May 2018, 15:57
|
#5 (permalink)
|
|
New Member
Join Date: May 2018
Posts: 1
Thanks: 0
Thanked 0 Times in 0 Posts
|
Re: Lira Crash?
hello can I aske you?
the 100000 lira banknote still wotking? thanks ..
I cant ulpoad pic...
|
|
|
|
|
24th May 2018, 18:57
|
#6 (permalink)
|
|
Senior Member
Join Date: Feb 2008
Posts: 2,115
Thanks: 784
Thanked 1,461 Times in 790 Posts
|
Re: Lira Crash?
They could suspend trading in the currency markets it has happened in the past
|
|
|
|
|
24th May 2018, 19:28
|
#7 (permalink)
|
|
Senior Member
Join Date: Oct 2015
Posts: 386
Thanks: 260
Thanked 332 Times in 184 Posts
|
Re: Lira Crash?
Quote:
Originally Posted by alimaroco
hello can I aske you?
the 100000 lira banknote still wotking? thanks ..
I cant ulpoad pic...
|
If you have one of these, you are the proud possessor of ten kuruş !
|
|
|
|
|
The Following 2 Users Say Thank You to bashful For This Useful Post:
|
|
|
24th May 2018, 19:32
|
#8 (permalink)
|
|
Non Active Member
Join Date: Dec 2009
Posts: 1,754
Thanks: 2,607
Thanked 1,765 Times in 812 Posts
|
Re: Lira Crash?
Quote:
Originally Posted by bashful
If you have one of these, you are the proud possessor of ten kuruş !
|
dont' spend it all at once!
|
|
|
|
|
24th May 2018, 19:44
|
#9 (permalink)
|
|
Senior Member
Join Date: Mar 2010
Location: Fethiye.
Posts: 2,258
Thanks: 3,563
Thanked 1,803 Times in 1,031 Posts
|
Re: Lira Crash?
Oh I Remember those days, you went out with a bag full of lira. which was probably worth a tenner . xx
|
|
|
|
|
The Following User Says Thank You to suecheshireuk For This Useful Post:
|
|
|
24th May 2018, 20:11
|
#10 (permalink)
|
|
Postless Pointer
Join Date: May 2007
Location: surrey / Kuyucak
Posts: 22,692
Thanks: 49,341
Thanked 29,181 Times in 13,225 Posts
|
Re: Lira Crash?
Quote:
Originally Posted by suecheshireuk
Oh I Remember those days, you went out with a bag full of lira. which was probably worth a tenner . xx
|
Came back home with a pocketful of loose sweets . LOL
Steve
|
|
|
|
|
The Following 3 Users Say Thank You to Akasya For This Useful Post:
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
|
| Thread Tools |
|
|
| Display Modes |
 Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
All times are GMT +1. The time now is 12:51.
Powered by vBulletin® Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
SEO by vBSEO ©2011, Crawlability, Inc.
Style Provided By: Wrestling Clique - Wrestling Forums
TurkishLiving.com
|
 |
