Calis Beach and Fethiye Turkey Discussion Forum
Information and Services in Turkey Section => Banks, Interest, Money Transfers, Insurance => Topic started by: jwood on December 04, 2008, 12:14:27 PM
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Just fallen to 2% !
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Invest your money in Turkey then :D
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Until ???? :)
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I have, we own a property !
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quote:
Originally posted by banker
Invest your money in Turkey then :D
Problem is with the £ falling against the YTL it might not be the best time to convert Stirling into Lira. However I was told by a very good friend of mine (who is a broker and deals with lots of people 'in the know') that the Pound will fall even further next year.
I suppose you pays yer money and takes yer chance. Oh for a crystal ball (well two would be nice ;):D)
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With an interest rate at 21.5% today, you would soon retrieve that loss
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Obviously your with the wrong bank Tinks should be 22.75% on 35 day thats on a 200K YTL deposit
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Not my bank account Echo, it was a friends. Ill find out mine later in the month
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quote:
Until ????
Until it looks like it's going below 2% here and the rate elsewhere is rising.
Baz 8)
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quote:
Originally posted by tinkerman
With an interest rate at 21.5% today, you would soon retrieve that loss
The 'loss' is hard to quantify as we do not know which way the exchange rate will go or how much people have to invest. You also need to be aware that if you want to change it back to stirling at any point it could cost you a lot of money if the rates have shifted the wrong way - or you could make money if the rate goes in the opposite direction.
Tough decision in the current climate unless you like a risk.
http://www.todayszaman.com/tz-web/detaylar.do?load=detay&link=160474&bolum=105
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Driving to work in the snow is a risk
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so is putting your todger in a desk fan
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quote:
Originally posted by tinkerman
Driving to work in the snow is a risk
Yes and it's calculated by how much snow there is and how much you want to get to work - ask Tors ;):D
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Originally posted by saoirse
so is putting your todger in a desk fan
That's only a risk if you don't know if it's going to be switched on or not - otherwise it's just stupidity:D
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Ive set up another topic for this banter, now leave this one to UK interest rates ;)
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OK - as I said - my mate in the know reckons they will fall further and the pound will fall with them as people look to invest in other currencies.
You heard it here first!
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Stoop has got a mate.
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quote:
Originally posted by tinkerman
Stoop has got a mate.
Bullshlt. :D
(http://i409.photobucket.com/albums/pp173/crabbit49/crab.gif)
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quote:
Originally posted by tinkerman
Stoop has got a mate.
Inconsistency sir. Thought you wanted to stay on intrest rates only
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quote:
Originally posted by saoirse
Inconsistency sir. Thought you wanted to stay on intrest rates only
His interest waned. :D
(http://i409.photobucket.com/albums/pp173/crabbit49/crab.gif)
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could this be linked to the turkish banks/ government want to know you address in uk. As interest rates fall and pound sinks due to fact uk saving rate below inflation not forgeting you will be taxes at your highest rate on this interest.uk government desperate for your cash they have no one else to turn to.As uk tourists are the largest travellers to southern turkey what if anything will happen to lira value, not much I dont think although more resturants that don't own the site will go under. best to spread the risk
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quote:
Originally posted by saoirse
quote:
Originally posted by tinkerman
Stoop has got a mate.
Inconsistency sir. Thought you wanted to stay on intrest rates only
Tinx never knows what he wants ;)
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quote:
Originally posted by Crabbit
quote:
Originally posted by tinkerman
Stoop has got a mate.
Bullshlt. :D
(http://i409.photobucket.com/albums/pp173/crabbit49/crab.gif)
You've got enough of that for all of us:D
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quote:
Originally posted by ECHOSTAR
Obviously your with the wrong bank Tinks should be 22.75% on 35 day thats on a 200K YTL deposit
Now I'm getting excited...As we're about to set up a bank account here would someone please give me more information as to which bank? where? risks of investing more than 50K at one hit?
and what about divvying up into 50K lots for safety? if we don't want/haven't internet banked before must we now? Wouldn't mind if we got advice via email, not sure of forum etiquette.
Thanks caz
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Many questions in there Caz :)
I've used most of the big ones in one way or another and think that the most important thing is your time, wasting away while you wait to be served. I like Alper at Fortis Bank, also because he helps us with matters here on CBF. I also never had any problems with HSBC. I lost much of my life standing around in Finans Bank, and would have gladly taken my own life if I could have found a sharp enough envelope opener in Deniz Bank.
For the same reason, although you don't need to 'internet bank', it will save you a lot of time. Transferring between accounts etc can be done easily and quickly, meaning you don't have to waste a whole morning waiting.
For the questions about investing 50k, there are far better qualified people to answer that than me :D
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Appreciated...Thanks.