Author Topic: Lira getting Stronger - Why?  (Read 291458 times)

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Offline JohnF

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Re: Lira getting Stronger - Why?
« Reply #1140 on: August 03, 2018, 10:13:29 AM »
Or just take over thriving private businesses to bolster their finances

Well, lets face it, they've been doing that on a regular basis since July 2016   ;)

Last figure I seen was approximately $60Bn worth. 

JF



Offline JohnF

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Re: Lira getting Stronger - Why?
« Reply #1141 on: August 06, 2018, 17:01:05 PM »
Another bad Mondays trading for the lira, record lows again as a result of the US deciding to review Turkey's duty free status for a number of commodities.

Sitting at 6.78 against the quid and a shocking 5.24 against the dollar.

Reckon August is going to be a significant month for Turkey's economy.

JF

Offline stoop

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Re: Lira getting Stronger - Why?
« Reply #1142 on: August 06, 2018, 17:53:42 PM »
6.82 and rising. 7 by tomorrow?

Crazy!

Offline Scunner

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Re: Lira getting Stronger - Why?
« Reply #1143 on: August 06, 2018, 18:12:21 PM »
8 by Friday  ;)

Offline madmart

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Re: Lira getting Stronger - Why?
« Reply #1144 on: August 06, 2018, 18:15:52 PM »
We're out beginning September. 9 or 10 by then?

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Offline chris35

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Re: Lira getting Stronger - Why?
« Reply #1145 on: August 06, 2018, 20:43:28 PM »

Transferwise rate tonight

Offline stoop

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Re: Lira getting Stronger - Why?
« Reply #1146 on: August 06, 2018, 21:06:39 PM »
It’s bad for locals and those who might expect to sell their home to a Turkish buyer (unless he or she has a stash of £).

A neighbour sold her house to a Turkish family for 90,000tl just over three years ago. That was £30k. Today she would need to ask almost 210,000tl.

Scary!

Offline madmart

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Re: Lira getting Stronger - Why?
« Reply #1147 on: August 06, 2018, 21:08:32 PM »
6.87 now

Offline philrose

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Re: Lira getting Stronger - Why?
« Reply #1148 on: August 06, 2018, 21:58:46 PM »
6.90!

Offline Scunner

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Re: Lira getting Stronger - Why?
« Reply #1149 on: August 06, 2018, 23:08:02 PM »
A brief lunge over 7 for a mo - 7.0134

Now 6.88ish




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