Author Topic: TL Sliding Down The Greasy Pole Again ?  (Read 9398 times)

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Offline Scunner

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Re: TL Sliding Down The Greasy Pole Again ?
« Reply #10 on: March 06, 2019, 22:55:19 PM »
Poor day today for the lira - 7.05 to 7.16, now at 7.154



Offline yabanci

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Re: TL Sliding Down The Greasy Pole Again ?
« Reply #11 on: March 07, 2019, 08:59:23 AM »
Yet the Turkish Central Bank kept Interest Rates unchanged, for the fourth month in a row.

https://www.dailysabah.com/finance/2019/03/06/turkeys-central-bank-keeps-policy-rate-unchanged-at-24-percent

Offline KKOB

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Re: TL Sliding Down The Greasy Pole Again ?
« Reply #12 on: March 07, 2019, 10:32:27 AM »
The rosy picture drawn by Treasury and Finance Minister Berat Albayrak is nowhere close to the real economic situation. Thus, the guessing game about the lira’s performance for the second half of the year continues.

https://ahvalnews.com/turkish-lira/turkish-lira-likely-under-pressure-after-elections

Offline KKOB

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Re: TL Sliding Down The Greasy Pole Again ?
« Reply #13 on: March 14, 2019, 09:15:49 AM »
7.27 this morning. Just a couple of weeks until the elections.

Offline KKOB

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Re: TL Sliding Down The Greasy Pole Again ?
« Reply #14 on: March 23, 2019, 09:34:26 AM »
A sudden slip to 7.61 at close of business on Friday.

Offline Scunner

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Re: TL Sliding Down The Greasy Pole Again ?
« Reply #15 on: March 23, 2019, 10:05:25 AM »
Yes amazing yesterday - lost nearly 8% of its value against the pound in one day.


Offline KKOB

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Re: TL Sliding Down The Greasy Pole Again ?
« Reply #16 on: March 23, 2019, 11:28:35 AM »
Ahh, here's the reason. According to The Boy Blunder, there's been a "disinformation campaign, especially on social media".

The minister’s claims jarred with statements by the central bank, which published data on Thursday showing an unexpected $6.3 billion drop in foreign currency reserves over two weeks, leaving reserves at $28.5 billion.

https://ahvalnews.com/berat-albayrak/turkey-finance-minister-blames-lira-slide-social-media-manipulation

Offline KKOB

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Re: TL Sliding Down The Greasy Pole Again ?
« Reply #17 on: April 30, 2019, 20:48:23 PM »
Well, we're at an even slipperier 7.78 for the start of May.

Offline stoop

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Re: TL Sliding Down The Greasy Pole Again ?
« Reply #18 on: May 01, 2019, 12:50:44 PM »
7.79 as I type 😱

Offline DianaJ

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Re: TL Sliding Down The Greasy Pole Again ?
« Reply #19 on: May 01, 2019, 19:51:15 PM »
Our local Turkish Barber here in Northern Ireland told my husband yesterday it will be 8 by the weekend and he should know 🤣




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