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*6 months. Early Elections are loading.
- China While the foolish Chinese were preoccupied with Taiwan, the sneaky South Koreans took Suyan Islet(苏岩礁)
- Breaking News Street Demonstrations in Georgia
- Demonstrations in Support of Palestine
- TR First Flights of Turkish Aviation Industry
- Why the US and UK are facing a military recruitment crisis?
M
I was sleeping what thr hell just happened
Blood raven
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Guys invest in the egyptian pound!!!
M
1000 years old state mind
M
Kayihan Osmanoglu:
"If you were worried about dollars, you wouldn't be able to overthrow my grandfather, Sultan Abdulhamid II, when 4 dollars were not worth 1 lira in 1909.. Have a blessed Friday."
We should have killed the entire ottoman dynasty lmao I hate these guys
"If you were worried about dollars, you wouldn't be able to overthrow my grandfather, Sultan Abdulhamid II, when 4 dollars were not worth 1 lira in 1909.. Have a blessed Friday."
We should have killed the entire ottoman dynasty lmao I hate these guys
T
Turkish economy is popular in Ukraine
korrespondent.net
Istanbul Stock Exchange Stops Due to Lira Fall
The only Turkish stock exchange twice automatically stopped trading due to the strong fall in the index.
The Istanbul Stock Exchange on Friday, December 17, suspended trading twice after a wave of selling that brought down the main BIST100 index. According to the press service of the exchange, trading was stopped automatically.
"As of 16:24 (15:24 Kiev time), the automatic system was activated. Transactions were temporarily suspended in all areas of the stock exchange: in transactions in shares, futures and options, as well as in repo trading in shares and debt securities," - the message says.
A similar procedure was repeated at 16:54.
According to Dunya, the BIST100 index lost 220 points in an hour and fell to 2,160. At the time of the stoppage of trading, the index fell by 5%. Later, the decline accelerated to 7%.
The fall in the index occurred against the backdrop of another record collapse of the Turkish lira to 16.8 per dollar. In this regard, the Central Bank has already undertaken the fifth foreign exchange intervention in the past two weeks, which has not yet helped to change the situation. Lira continues to fall after the decision of the Central Bank to cut the key rate from 15% to 14%.
Стамбульская биржа остановилась из-за падения лиры
Единственная турецкая фондовая биржа дважды автоматически останавливала торги из-за сильного падения индекса.
The only Turkish stock exchange twice automatically stopped trading due to the strong fall in the index.
The Istanbul Stock Exchange on Friday, December 17, suspended trading twice after a wave of selling that brought down the main BIST100 index. According to the press service of the exchange, trading was stopped automatically.
"As of 16:24 (15:24 Kiev time), the automatic system was activated. Transactions were temporarily suspended in all areas of the stock exchange: in transactions in shares, futures and options, as well as in repo trading in shares and debt securities," - the message says.
A similar procedure was repeated at 16:54.
According to Dunya, the BIST100 index lost 220 points in an hour and fell to 2,160. At the time of the stoppage of trading, the index fell by 5%. Later, the decline accelerated to 7%.
The fall in the index occurred against the backdrop of another record collapse of the Turkish lira to 16.8 per dollar. In this regard, the Central Bank has already undertaken the fifth foreign exchange intervention in the past two weeks, which has not yet helped to change the situation. Lira continues to fall after the decision of the Central Bank to cut the key rate from 15% to 14%.
GoatsMilk
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M
That guy looks more turkic than the orhan osmanoglu
GoatsMilk
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Its clear Erdogan and AK party in general see their supporters as low intelligence morons, so they behave arrogantly and incompetently without a care. Slap a "economic war of independence" slogun on the mess they created and they feel they are safe from the "mob".
Deliorman
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Soon badem biyikli dayis will give blowjobs to foreigners for a can of chicken pate and a pack of cigarettes and I see nothing bad in all that. All I will say as an EU citizen to Erdogan and AKP is DEVAAAAAMMMMM! 
M
?
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The Ottomans were and are largely politically dead, its the AKP that gave them a voice again.
Should have gone Soviet style on them for what they did to the country in the last decades.
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There is a solution.
It even has a rather fancy French instrument made famous in the revolution for speeding up the process.
T
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If interest rate is usury and is bad, why have it at 15%, 14% etc?
That is like 3 times higher than non-islamic countries in developing world (India runs it at 4%)
So are they more islamic actually in that way?
Surely must prove the govt morality by reducing it to 0% altogether?
This is what happens if you have someone with too much power that doesn't understand governing principles of the matter....or at least listen to those that do.
It is more of the same thing as this recent FT article describes here (like we already did earlier in thread many times):
Erdogan simply “doesn’t have a game plan”, Yesilada said, pointing to the fact that Turkish authorities have spent several billion dollars defending the lira in recent weeks while simultaneously praising the virtues of a cheap currency. “We can discuss it for hours. None of it makes sense,” said Yesilada. “There isn’t any logic.”
The entire article is fairly good read:
Turkish business reels from lira fallout in Erdogan’s economic ‘laboratory’ | Financial Times
Some exporters benefit from stronger dollar but others crave certainty in face of president’s experiments
Article also hosted here:
===================
"Tusiad" is now criticizing the policy and situation it has caused:
Bloomberg - Are you a robot?
www.bloomberg.com
T
Bro they are just lying.If interest rate is usury and is bad, why have it at 15%, 14% etc?
That is like 3 times higher than non-islamic countries in developing world (India runs it at 4%)
So are they more islamic actually in that way?
Surely must prove the govt morality by reducing it to 0% altogether?
This is what happens if you have someone with too much power that doesn't understand governing principles of the matter....or at least listen to those that do.
It is more of the same thing as this recent FT article describes here (like we already did earlier in thread many times):
Erdogan simply “doesn’t have a game plan”, Yesilada said, pointing to the fact that Turkish authorities have spent several billion dollars defending the lira in recent weeks while simultaneously praising the virtues of a cheap currency. “We can discuss it for hours. None of it makes sense,” said Yesilada. “There isn’t any logic.”
The entire article is fairly good read:
Turkish business reels from lira fallout in Erdogan’s economic ‘laboratory’ | Financial Times
Some exporters benefit from stronger dollar but others crave certainty in face of president’s experimentswww.ft.com
Article also hosted here:
===================
"Tusiad" is now criticizing the policy and situation it has caused:
Bloomberg - Are you a robot?
www.bloomberg.com
Look at the chart. İnterest rates and investments in Türkiye.
While the real rates were high in the period 2003-2013, investment increased 4 times .
But while real rates were negative, investments increased just 0.28 percent in 8 years .
Current low interest rates haven't been able to increase the investments. İf you want investment, you need just democracy and justice in order to increase investments!
Which kind of crazy would invest in current Turkey?
Last edited by a moderator:
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Turks hunt for vanishing drugs in currency crisis
Fatih Yuksel is one of thousands of Turks rushing from one pharmacy to another in search of imported drugs that are disappearing as quickly as the lira is losing value.
