Author Topic: TL Sliding Down The Greasy Pole Again ?  (Read 1935 times)

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Online KKOB

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TL Sliding Down The Greasy Pole Again ?
« on: January 09, 2019, 07:58:26 AM »
Turkey’s lira slid after President Recep Tayyip Erdoğan slammed the United States for its support of Kurdish militants in Syria and refused to meet with a senior U.S. official.

The lira fell to as low as 5.5 per dollar and traded down 2.1 percent at 5.49 against the currency at 4:58 p.m. in Istanbul.

https://ahvalnews.com/turkish-lira/turkish-lira-slides-renewed-tensions-united-states

The TL is at 7.00025 to the £ on xe.com this morning.

Offline yabanci

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Re: TL Sliding Down The Greasy Pole Again ?
« Reply #1 on: January 09, 2019, 08:35:19 AM »
It's the first time the lira has been trading at over 7.00 to the pound since mid November.

Offline Karennina

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Re: TL Sliding Down The Greasy Pole Again ?
« Reply #2 on: January 09, 2019, 10:06:56 AM »
The tax relief on savings has finished now could this be anything to do with it?

Online KKOB

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Re: TL Sliding Down The Greasy Pole Again ?
« Reply #3 on: January 09, 2019, 16:16:26 PM »
It's recovered a bit this afternoon. Now at 6.994.  ;)

Offline Karennina

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Re: TL Sliding Down The Greasy Pole Again ?
« Reply #4 on: January 09, 2019, 17:56:52 PM »
Ooh from a purely selfish point of view I was hoping for it not to recover any time soon!   ;)

Online KKOB

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Re: TL Sliding Down The Greasy Pole Again ?
« Reply #5 on: January 09, 2019, 18:48:59 PM »
Me too. Got a couple of large bills to pay.  ;)

Offline jackstee

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Re: TL Sliding Down The Greasy Pole Again ?
« Reply #6 on: January 12, 2019, 09:34:19 AM »
6.95 yesterday at ING Bank.

Online KKOB

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Re: TL Sliding Down The Greasy Pole Again ?
« Reply #7 on: January 14, 2019, 16:15:36 PM »
President Trump warned Turkey on Sunday of economic devastation if it attacks Kurdish forces in the wake of the US troop pullout from Syria, while also urging the Kurds not to 'provoke' Ankara.

https://www.dailymail.co.uk/news/article-6587917/Trump-warns-Turkey-economic-devastation-hits-Kurds.html

Online KKOB

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Re: TL Sliding Down The Greasy Pole Again ?
« Reply #8 on: February 26, 2019, 19:43:37 PM »
Ratings agency Moody’s joined Standard & Poor’s in warning the Turkish government about the measures it is taking regarding the country’s banking industry.

Moody’s said on Monday that decisions leading to Turkey’s three biggest state-run banks lending at below market rates and under current levels of inflation were credit negative for the banks.

https://ahvalnews.com/turkey-banking/moodys-joins-sp-warning-turkey-about-banks

It's at 7.046 on xe.com tonight.

Offline c1

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Re: TL Sliding Down The Greasy Pole Again ?
« Reply #9 on: February 27, 2019, 16:52:15 PM »
to much state influnence by any state mucks banking systems: watch china as they move currency value




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