Wasn’t it like 11% an hour or so ago? *The actual FUCK?*
In the last 10 years the Turkish Lira went from 1.8 Lira/Dollar to 7.7 Lira/Dollar in August 2021. Since then, it’s almost in free fall, reaching nearly 13 dollars today. That’s scary.
Did anyone check Erdos family history to make sure he isn’t a Greek spy
Seriously how does he keep getting re-elected?
The saddest thing is that most of his supporters don’t really care. They live in their own world, in rural villages and small towns, and they don’t see much effect in their lives.
Wtf is going on?
Even putting aside the economic stupidity of Erdogan’s position this just seems like terrible politics, at least to an uniformed outsider. In what country is immiserating the middle class a good idea for re-election?
> Erdogan has applied pressure on the central bank to pivot to an aggressive easing cycle that aims, he says, to boost exports, investment and jobs – even as inflation soars to near 20% and the currency depreciation accelerates, eating deeply into Turks’ earnings.
A few days ago I’ve heard a german radio report (Dlf) where they played a recording of Erdoğan who seemed quiet angry that no investors are coming. Afterwards it was said by the radio host that the financial situation is to unstable and unreliable for investors to come.
An advice to my Turkish brothers:
Politicians and diapers should be changed regularly and due to the same reason.
Some family recently went on holiday in Turkey and most of the staff and the whole resort was actually very happy to accept Euros instead of Lira. I knew the Lira was doing badly but now I really understand. They even asked if they could get cash tips and such in Euros…
He’s doing this to make the turkish economy more competitive. Terrible for the people but it will grow the economy.
13 comments
– Now: 1 EUR : 14,29 TL
– 2010: >> 1:1,89.
– 10/2021 >> 1:10,34.
Good to know. What the f*ck is going on in TK?
A.k.a. midweek madness on Steam.
Wasn’t it like 11% an hour or so ago? *The actual FUCK?*
In the last 10 years the Turkish Lira went from 1.8 Lira/Dollar to 7.7 Lira/Dollar in August 2021. Since then, it’s almost in free fall, reaching nearly 13 dollars today. That’s scary.
Did anyone check Erdos family history to make sure he isn’t a Greek spy
Seriously how does he keep getting re-elected?
The saddest thing is that most of his supporters don’t really care. They live in their own world, in rural villages and small towns, and they don’t see much effect in their lives.
Wtf is going on?
Even putting aside the economic stupidity of Erdogan’s position this just seems like terrible politics, at least to an uniformed outsider. In what country is immiserating the middle class a good idea for re-election?
> Erdogan has applied pressure on the central bank to pivot to an aggressive easing cycle that aims, he says, to boost exports, investment and jobs – even as inflation soars to near 20% and the currency depreciation accelerates, eating deeply into Turks’ earnings.
A few days ago I’ve heard a german radio report (Dlf) where they played a recording of Erdoğan who seemed quiet angry that no investors are coming. Afterwards it was said by the radio host that the financial situation is to unstable and unreliable for investors to come.
An advice to my Turkish brothers:
Politicians and diapers should be changed regularly and due to the same reason.
Some family recently went on holiday in Turkey and most of the staff and the whole resort was actually very happy to accept Euros instead of Lira. I knew the Lira was doing badly but now I really understand. They even asked if they could get cash tips and such in Euros…
He’s doing this to make the turkish economy more competitive. Terrible for the people but it will grow the economy.