Lira getting Stronger - Why?

[philrose]

Just hit 4.005

[Colwyn]

Now we can all work out how much an 8TL Efes is in £s.

[yabanci]

Also a new low against the Dollar breaking through the 2.70 level.

[Colwyn]

The Financial Times is mooting that the lira is entering "free fall territory" against the dollar. That seems rather extreme to me but there will be plenty to think about ahead of next week's CB Monetary Committee meeting on the 22nd.

http://www.ft.com/fastft/308292/turkish-lira-entering-free-fall-territory

[kevin3]

RTE couldn't contain himself and is mouthing off again, are things falling apart before the elections.?

Even the Pope is out to topple him with his "Dark Force ". Today he has warned the Pope to be quiet.

His son lost a slander case against a newspaper yesterday. The Armed Forces are speaking out.

Inflation up, Unemployment up, I wonder if his time is.??     I'm praying fervently.   

[KKOB]

xe.com are showing it at 4.00069.

[usedbustickets]

4.01TL to £ on XE now.... I can't see how they can avoid a - sizeable - interest hike at this rate, and remember the TL is doing worse still against the dollar and most other currencies.  Mind you Reg might address the issue by putting a large tax on the booze, that'll b*gger up Colwyn's quick Efes reckoner.

[Colwyn]

RTE couldn't contain himself and is mouthing off again, are things falling apart before the elections.?

Even the Pope is out to topple him with his "Dark Force ". Today he has warned the Pope to be quiet.

His son lost a slander case against a newspaper yesterday. The Armed Forces are speaking out.

Any links Kevin?.

[Eric]

XE Currency Converter
ConverterRatesNewsInfo
1.00 GBP   =   4.01947 TRY
British Pound   ↔   Turkish Lira
1 GBP = 4.01947 TRY   1 TRY = 0.248789 GBP

[Eric]

http://www.hurriyetdailynews.com/ankara-snubs-1915-vote-says-pope-part-of-plot.aspx?pageID=238&nID=81074&NewsCatID=338

http://www.hurriyetdailynews.com/turkish-presidents-son-loses-case-against-journalist.aspx?pageID=238&nID=81082&NewsCatID=338