pound/lire

[tribalelder]

So it drops to 10%.......That is still more than Double what you would get in most uk banks and building societies. So unless you wan't to take it all back to the uk ....ENJOY your 10% and THINK OF THE GOOD OLD DAYS.

[wickwilly]

A friend of mine in Akbank said they were expecting exchange rate to climb to 2.60 YTL by June.

WW

[puma]

i got 2.40 from the german fella( i think he is )that sit in the clothes shop in fethiye

[KKOB]

Nationwide is 2.44 today

[stoop]

Told you!

It is still not as good as last year but it has gone up quite a bit in the last few weeks - the lira is a very volatile currency. Why do you think they accept our £ and $ in so many places?

Stoop

[tribalelder]

Puma.....watch this guy he is very adept at doing a Three Card Trick by asking for a few lira to round up a figure but it actually comes out of your exchange rate. Does not do it all the time but be aware.

[Fethiye]

It's 2.50 YTL to the Pound today......and next...??

[canalman]

I shall 'watch this space' until next month when I next visit!

[Gary-O]

Today Finans Bank are showing 2.62 and Garanti Bank 2.64.

[Dippey]

And the strange factor creating this is, its not inflation, its not interest rates, its not crude oil, its not other countries poorer exchange???

it's tax cut in turkish textiles.

Textile manufacturers claim (as they do) "they are no longer able to produce to the same standards due to the overvalued new Turkish lira", now thats an excuse for producing cr@p.

A 10 percent tax cut to relieve the sector, all eyes (except Trinadad who has only one eye) turned to the IMF, who said it is not pleased (i.e extremely p155ed off) with the exchange policy change initiated by the Central Bank of Turkey.

It also considers the tax reduction is a concession in the economic program.

Dippz

When it gets to 3.00 i'm cashing my £'s up.