Author Topic: Lira getting Stronger - Why?  (Read 125722 times)

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Offline Colwyn

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Re: Lira getting Stronger - Why?
« Reply #1010 on: April 11, 2018, 16:44:40 PM »
Oops! The extra to pay is 60million TK versus 116million. The article doesn't state over what time period, but the point is that every % on exchange costs double that on interest.



Offline Daffodil2017

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Re: Lira getting Stronger - Why?
« Reply #1011 on: April 12, 2018, 07:57:27 AM »
5.889 today .16 pence for a Turkish lira!

Offline yabanci

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Re: Lira getting Stronger - Why?
« Reply #1012 on: April 12, 2018, 14:12:19 PM »
Its all a conspiracy by those Outside Powers said Erdogan  today.

http://www.hurriyetdailynews.com/erdogan-blasts-investors-amid-tumbling-turkish-lira-130212

Offline Colwyn

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Re: Lira getting Stronger - Why?
« Reply #1013 on: April 12, 2018, 18:56:50 PM »
Today RTE says that the lira is loo low and “The rise in exchange rates has no reasonable, logical or regular explanation,” A couple of days ago he was saying it was too high and that Turkey needs a "competitive currency". Difficult to keep up isn't it!

P.S. Wazz wiv the cool dude in the shades look?

« Last Edit: April 12, 2018, 19:17:04 PM by Colwyn »

Offline kevin3

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Re: Lira getting Stronger - Why?
« Reply #1014 on: April 16, 2018, 15:04:43 PM »




      When your'e a financial genius you have to look cool man.  He leaves all the opposition in the shade (or prison)


        5. 89 at present

Offline JohnF

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Re: Lira getting Stronger - Why?
« Reply #1015 on: April 16, 2018, 15:11:30 PM »
Hangover shades 8)

He was out on the batter and did at least two bottles of raki, smoked forty fags and then....

Better shut up now, said enough to get five years in Silivri prison   :)

JF

Offline kevin3

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Re: Lira getting Stronger - Why?
« Reply #1016 on: April 16, 2018, 15:26:28 PM »



      His kids have gone off the radar. ??          ???

Offline JohnF

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Re: Lira getting Stronger - Why?
« Reply #1017 on: April 26, 2018, 12:14:15 PM »
Keeping low profile I think Kevin, under orders from "the party" probably. 

Anyway, interest rates up by .75% yesterday and that coupled with the election announcement has certainly helped the lira.  Sitting at 5.68 against the squid and back under 5 to the euro.  Dollar still strong though, looks like it doesn't want to go under 4 to the lira!

JF

Offline Colwyn

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Re: Lira getting Stronger - Why?
« Reply #1018 on: April 26, 2018, 14:18:13 PM »
Better shut up now, said enough to get five years in Silivri prison    :)
What's Spain's recent record like on extraditing people to Turkey on terrorism charges?

Offline KKOB

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Re: Lira getting Stronger - Why?
« Reply #1019 on: April 26, 2018, 14:37:40 PM »
I'd have thought Turkey's got enough nutcases of it's own without having to import them.  ;)




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