It correctly reflects the value of your leadership….cause and effect
Probably a good time to visit country. Last time I was there it was 5.80TL/ $1. I can imagine things got quite a bit cheaper (for tourists) nowadays
When you vote and support an Erdo-type, this is what you get.
First rule of fight club: you dont politicize monetary policy
You bettee vote for Erdogan then! This way inflation will never happen any more!
Holy shit, their money lost 40% of its value in less than 6 months💀💀
Two weeks ago, one euro was 11.44 turkish lira. Now, it is 15.13 turkish lira. That’s an inflation rate of 37% in two weeks. If this rate holds, it’ll be 89% inflation rate in a month. Hyperinflation is classified at 50% inflation a month.
If this rate holds, the turkish lira is officially hyperinflating about four days from now.
>The latest crash in the currency came after Mr. Erdogan gave a speech last week outlining his determination to keep rates low as a way of promoting economic growth. He reaffirmed his opposition to raising rates again in comments to reporters aboard his plane as he returned from a visit to Turkmenistan on Monday.
>
>“I have never defended raising interest rates, I don’t now and will not defend it,” he told the reporters. “I will never compromise on this issue.”
“Nobody gets off Mr. Bones’ Wild Ride,” he added. “*Nobody*.”
Horrible situation. My friend from Turkey says her family has converted most of their savings into dollars.
9 comments
It correctly reflects the value of your leadership….cause and effect
Probably a good time to visit country. Last time I was there it was 5.80TL/ $1. I can imagine things got quite a bit cheaper (for tourists) nowadays
When you vote and support an Erdo-type, this is what you get.
First rule of fight club: you dont politicize monetary policy
You bettee vote for Erdogan then! This way inflation will never happen any more!
Holy shit, their money lost 40% of its value in less than 6 months💀💀
Two weeks ago, one euro was 11.44 turkish lira. Now, it is 15.13 turkish lira. That’s an inflation rate of 37% in two weeks. If this rate holds, it’ll be 89% inflation rate in a month. Hyperinflation is classified at 50% inflation a month.
If this rate holds, the turkish lira is officially hyperinflating about four days from now.
>The latest crash in the currency came after Mr. Erdogan gave a speech last week outlining his determination to keep rates low as a way of promoting economic growth. He reaffirmed his opposition to raising rates again in comments to reporters aboard his plane as he returned from a visit to Turkmenistan on Monday.
>
>“I have never defended raising interest rates, I don’t now and will not defend it,” he told the reporters. “I will never compromise on this issue.”
“Nobody gets off Mr. Bones’ Wild Ride,” he added. “*Nobody*.”
Horrible situation. My friend from Turkey says her family has converted most of their savings into dollars.