Can someone explain what happened a few days ago in order to have this steep decline from almost 17 to 11 and why is it increasing again now?
Since they introduced infinite interest rates, when the government needs to return the money current inflation will not even be comparable to what is coming.
Well, I’m sure someone made a lot of money this month…
This time ripping big hole in the Turkish budget as it goes and drags the anchor. Genius.
Except this time they do not have enough foreign currency reserves to dump onto the market and soften the blow.
Did Turkey annex something?
I’m currently at the border waiting to drop a bit more then I can go do the groceries.
Erdocoin is the future
[eurobeat intensifies]
Is it possible that the Turkish economy, and possibly the country itself alongside it, will at least partially collapse?
Who does Erdogan blame for the fall of the lira – the US, the Kurds, the opposition?
Is Lira the new dogecoin ? Can I buy them in binance ?
Erdogaaan
Turkiye should adopt Bitcoin like El Salvador
Living in Turkey (Now Turkiye because we are nationalist and shit) is a chore. Fuck this.
It seems that everyone was waiting for this.
This is going to be interesting to watch play out.
And by interesting I mean horrifying.
And i had to pay 0,50 euro more for my durum in Belgium last night!
Aright Balkan bros, you coming this weekend to buy some cheap stuff?
Bring us some cookies… I can offer tea/coffee.
When I was in Turkey in 2019 I could get 6 lira for 1 euro. It’s crazy to see the difference in such a short amount of time
More volatile than my crypto
Because Erdoğan is the bestest economist of all. Even the aliens envy him.
After such a reassuring and competent maneuver by Erdogan? Say it ain’t so!
The ultimate shitcoin.
It’s going to be a great long term investment once that idiot is ousted…
Currently at Edirne (bought 1 lira for 0.09 euro)
Was that a “dead cat bounce”?
TO THE MOON BOIS 🙌🙌🙌🚀🚀🚀💎💎💎
coming up: turkish president erdogan bans reddit, reasonning it spreads anti-turkish propaganda.
I guess Turkish people’s money is Erdogone…
So changing the name to Turkiye didn’t help?
I’m shocked!
Erdogan is definitely most expensive public speaker.
TL become a shitcoin now.
It’s like in a hot air balloon. When you sink, you drop off weight. Get rid of Erdogan and the economy will get fixed!
YAAAY I HATE MY LIFE
What made it increase?
…..Is there some system for shorting currencies? There must be. Betting against the Lira seems like a minimal risk investment while erdonomics are in effect…
Get your seatbelts ready lads, here we go again
Turkish Lira to the moon!
That’s what they deserve. Pain.
I have a question for turks. Is erdogan popular in turkey? Does he have supporters? If yes how? Manipulating the media?
İnflation saw 120% in the last quarter (Steve Hanke), because everything imported into the country is bought in dollars, and we do not produce anything, we have no purchasing power anymore and those who suffer from it are those who have never voted for Erdogan.
always wanted to visit Turkey, so I guess my time is now
They basically raised the interest one-sided, only for savings. We in Hungary did almost the same a few days later, by freezing the interest on loans. But don’t tell anyone.
46 comments
Can someone explain what happened a few days ago in order to have this steep decline from almost 17 to 11 and why is it increasing again now?
Since they introduced infinite interest rates, when the government needs to return the money current inflation will not even be comparable to what is coming.
Well, I’m sure someone made a lot of money this month…
This time ripping big hole in the Turkish budget as it goes and drags the anchor. Genius.
Except this time they do not have enough foreign currency reserves to dump onto the market and soften the blow.
Did Turkey annex something?
I’m currently at the border waiting to drop a bit more then I can go do the groceries.
Erdocoin is the future
[eurobeat intensifies]
Is it possible that the Turkish economy, and possibly the country itself alongside it, will at least partially collapse?
Who does Erdogan blame for the fall of the lira – the US, the Kurds, the opposition?
Is Lira the new dogecoin ? Can I buy them in binance ?
Erdogaaan
Turkiye should adopt Bitcoin like El Salvador
Living in Turkey (Now Turkiye because we are nationalist and shit) is a chore. Fuck this.
It seems that everyone was waiting for this.
This is going to be interesting to watch play out.
And by interesting I mean horrifying.
And i had to pay 0,50 euro more for my durum in Belgium last night!
Aright Balkan bros, you coming this weekend to buy some cheap stuff?
Bring us some cookies… I can offer tea/coffee.
When I was in Turkey in 2019 I could get 6 lira for 1 euro. It’s crazy to see the difference in such a short amount of time
More volatile than my crypto
Because Erdoğan is the bestest economist of all. Even the aliens envy him.
After such a reassuring and competent maneuver by Erdogan? Say it ain’t so!
The ultimate shitcoin.
It’s going to be a great long term investment once that idiot is ousted…
Currently at Edirne (bought 1 lira for 0.09 euro)
Was that a “dead cat bounce”?
TO THE MOON BOIS 🙌🙌🙌🚀🚀🚀💎💎💎
coming up: turkish president erdogan bans reddit, reasonning it spreads anti-turkish propaganda.
I guess Turkish people’s money is Erdogone…
So changing the name to Turkiye didn’t help?
I’m shocked!
Erdogan is definitely most expensive public speaker.
TL become a shitcoin now.
It’s like in a hot air balloon. When you sink, you drop off weight. Get rid of Erdogan and the economy will get fixed!
YAAAY I HATE MY LIFE
What made it increase?
…..Is there some system for shorting currencies? There must be. Betting against the Lira seems like a minimal risk investment while erdonomics are in effect…
Get your seatbelts ready lads, here we go again
Turkish Lira to the moon!
That’s what they deserve. Pain.
I have a question for turks. Is erdogan popular in turkey? Does he have supporters? If yes how? Manipulating the media?
İnflation saw 120% in the last quarter (Steve Hanke), because everything imported into the country is bought in dollars, and we do not produce anything, we have no purchasing power anymore and those who suffer from it are those who have never voted for Erdogan.
always wanted to visit Turkey, so I guess my time is now
They basically raised the interest one-sided, only for savings. We in Hungary did almost the same a few days later, by freezing the interest on loans. But don’t tell anyone.
Why are they promoting shit coins here ???
Is it a good time to visit and if so where?
Wow