Author Topic: Lira  (Read 65293 times)

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Offline Colwyn

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Re: Lira
« Reply #240 on: January 29, 2014, 12:42:15 PM »

In the pipeline. Riza Sharraf: A tale of gold smuggling; Iranian sanction breaking; bribery of ministers and their sons; favours done; police swoops; suspect arrested, thrown in prison and awaiting trial. Not a new Hollywood movies. Instead the trigger for the corruption charges of December 17th and subsequently. The court case should prove interesting daily reading - if the press are permitted to report it.


http://www.bloomberg.com/news/2014-01-29/turkey-scandal-places-jailed-millionaire-at-center-of-gold-trail.html



Offline Colwyn

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Re: Lira
« Reply #241 on: January 29, 2014, 13:42:59 PM »
The Lira is on the run again! Just gone through 2.3 to the dollar and showing no signs of slowing the fall at the moment. It was 2.25 when the hike was announced.

Offline philrose

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Re: Lira
« Reply #242 on: January 29, 2014, 13:47:27 PM »
Mid market rate now 3.78

Offline saoirse

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Re: Lira
« Reply #243 on: January 29, 2014, 13:51:28 PM »
Hi- advice needed

I have almost 7tl to invest- what should I do?

Offline teetee

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Re: Lira
« Reply #244 on: January 29, 2014, 13:52:36 PM »
Well Colwyn I am sure that was a book I have read before!

Offline JohnF

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Re: Lira
« Reply #245 on: January 29, 2014, 13:58:50 PM »
Looks like earlier gains against the GBP are gradually being eroded.  Went as high as 3.58 and now trading just under 3.80 - went as low as 3.84 a little while ago.

JF

Offline Scunner

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Re: Lira
« Reply #246 on: January 29, 2014, 14:53:48 PM »
Hi- advice needed

I have almost 7tl to invest- what should I do?

Buy a litre and a bit of petrol then sell it back to the garage when it is 20tl/litre.

Offline trainer

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Re: Lira
« Reply #247 on: January 29, 2014, 15:26:03 PM »
The question on every ones lips but no one dares ask    :)   has the price of efes gone up
Actually this is a serious question because a lot of people relate the price of beer or a meal to their spends when on holiday,  I am sure I read somewhere that it used to be the price of a big Mac 

Offline Colwyn

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Re: Lira
« Reply #248 on: January 29, 2014, 15:40:36 PM »
Quite right, trainer. Big Mac used to be an absolutely standardized product all over the world (I say this with all the authority of someone who has never been into a McDonald's in his life). Therefore economists found Big Mac pricing a good rough-and-ready guide to the cost/standard of living in different countries. Also, on Monday I heard a guy from the Carlsberg Brewery in Nottingham talking about the Beer Index saying that beer sales were a very good indicator of people's spending power - which, he claimed, was slowly picking up as UK started clawing its way out of the depth of the recession. Efes as a standardized mass product is actually quite a good indicator but heavily influenced by AKP deterrent pricing - for health reasons of course, not religious ones).

Offline yakamoz

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Re: Lira
« Reply #249 on: January 29, 2014, 16:15:34 PM »
Is now the time to buy lira - is it now going to fall downwards?




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