TR Economy & Updates

[contricusc]

And we dont have failed states on our salarylist for who we pay billions of dollars per year (Israel, Ukraine, Greece etc).

But you have lots of refugees from Syria who are a big burden on your country.

 

[GoatsMilk]

I get your long term view. Short term things look very different

Today's spot rate is 1 USD = 31 lira
1 year forward rate is 1 USD = 44 lira

Figures are rounded.

When is this strengthening of the lira starting? When are the exciting times coming?

It used to be that AK party supporters used to hide behind the economy, the 101 other failures were overlooked because they said but what about the economy. Now they see the economy is totally messed up, a complete failure of governance and its turned into something about secularists hating Islam and Muslims as the last throw of the dice.

total failure of a government and only goes to show why religion and politics shouldn't be mixed. Otherwise a nation gets easily blindsided and screwed. This is partly why i can't take anyone serious who talks about things massively improving for Turkey these past 20 years. Total nonsense.

The bad news is the government has no answers, they are just riding out this failure hoping that eventually everyone comes to accept it as part of daily life. In many ways thats exactly what is happening, the people of Turkey are accepting this failure.

But when its easy for the leader to gloss over the failure chanting and i shit you not, "They have the dollar but we have Allah" you know your done, its just a process that has to meet its natural conclusion. The joke of course is erdogan has plenty of dollars.

At least the Palestinians don't chant "they have the F35 but at least we have Allah".

 

[IC3M@N FX]

It used to be that AK party supporters used to hide behind the economy, the 101 other failures were overlooked because they said but what about the economy. Now they see the economy is totally messed up, a complete failure of governance and its turned into something about secularists hating Islam and Muslims as the last throw of the dice.

total failure of a government and only goes to show why religion and politics shouldn't be mixed. Otherwise a nation gets easily blindsided and screwed. This is partly why i can't take anyone serious who talks about things massively improving for Turkey these past 20 years. Total nonsense.

The bad news is the government has no answers, they are just riding out this failure hoping that eventually everyone comes to accept it as part of daily life. In many ways thats exactly what is happening, the people of Turkey are accepting this failure.

But when its easy for the leader to gloss over the failure chanting and i shit you not, "They have the dollar but we have Allah" you know your done, its just a process that has to meet its natural conclusion. The joke of course is erdogan has plenty of dollars.

At least the Palestinians don't chant "they have the F35 but at least we have Allah".

I see, and what was it like before the yeni lira? Back then, Turkish money was only worth toilet paper. You must have forgotten the good old days, 1 dollar was worth how much? 1000000 lira or the devil knows, where children went to school with rubber shoes and torn T-shirts in southeast Anatolia or sold Sweets, Sümit & Cola to make ends meet for their families, every second or third child.
Yes, everything used to be much better.....
I was happiest every year when I visited Turkey with my family as a child. The long bus rides that took 6-8 hours on unpaved roads from Istanbul because there were virtually no airports in southeast Anatolia.
The shitty rest stops with toilets that stank to high heaven, and the expired food in the supermarkets, restaurants with moldy food that gave me the runs every year no matter where I went in Turkey.
Not to mention the fact that there were more horse-drawn carts than cars in the villages and small towns that were used to transport goods from A to B.
That was not so long ago, in the 80s and 90s.
Of course, people only see Istanbul, Izmir, Antalya, Ankara, Trabzon & Co as a benchmark.... and somehow nobody really seems to care about progress in the heartland. I know because I've seen it every year like a time lapse.
And that was the mistake of the previous policy, for decades nobody cared about the heartland, not even the CHP.

The AKP has modernized and restructured the country and its main voters come from these regions.
Which shows that the previous parties simply didn't do their homework.

 

[Scott Summers]

But you have lots of refugees from Syria who are a big burden on your country.

They get paid in Turkish Lira's, not in euros of dollars like the millions of refugees in the West.

 

[B_A]

I see, and what was it like before the yeni lira? Back then, Turkish money was only worth toilet paper. You must have forgotten the good old days, 1 dollar was worth how much? 1000000 lira or the devil knows, where children went to school with rubber shoes and torn T-shirts in southeast Anatolia or sold Sweets, Sümit & Cola to make ends meet for their families, every second or third child.
Yes, everything used to be much better.....
I was happiest every year when I visited Turkey with my family as a child. The long bus rides that took 6-8 hours on unpaved roads from Istanbul because there were virtually no airports in southeast Anatolia.
The shitty rest stops with toilets that stank to high heaven, and the expired food in the supermarkets, restaurants with moldy food that gave me the runs every year no matter where I went in Turkey.
Not to mention the fact that there were more horse-drawn carts than cars in the villages and small towns that were used to transport goods from A to B.
That was not so long ago, in the 80s and 90s.
Of course, people only see Istanbul, Izmir, Antalya, Ankara, Trabzon & Co as a benchmark.... and somehow nobody really seems to care about progress in the heartland. I know because I've seen it every year like a time lapse.
And that was the mistake of the previous policy, for decades nobody cared about the heartland, not even the CHP.

The AKP has modernized and restructured the country and its main voters come from these regions.
Which shows that the previous parties simply didn't do their homework.

AKP has ruled For 22 years

More and more youth don’t know the era before AKP.these 5-6 year is too bad

 

[IC3M@N FX]

AKP has ruled For 22 years

More and more youth don’t know the era before AKP.these 5-6 year is too bad

Then people have not understood the principle of the economy and its rules; after every upswing comes a period of recession.
This can sometimes last a decade.
Look at Japan after the boom of the 70-80s, the country was in a permanent recession that was very slow to recover.
Young people are also responsible for themselves, if everyone just studies business administration and wants to become a bank manager or IT administrator, then they shouldn't be surprised.
In Turkey there are many vacancies in the defense industry, in medicine and in logistics, you just have to think left and right.
I'm not saying it's easy, but there are jobs in Turkey.

 

[contricusc]

They get paid in Turkish Lira's, not in euros of dollars like the millions of refugees in the West.

They get paid in the local currency in the West as well. It just happens that the local currencies of the US and most EU countries are very strong currencies.

 

[Scott Summers]

They get paid in the local currency in the West as well. It just happens that the local currencies of the US and most EU countries are very strong currencies.

So they are a bigger burden for the West.

And in Turkey they dont read George Soros-handbooks how to make local women pregnant, so they are a far bigger danger to the demographics of the West.

 

[contricusc]

So they are a bigger burden for the West.

You do realize that Turkey is the country hosting the most refugees in the World right now?

With 3.5 million refugees, it has many more than any European country. By comparison, the countries with most refugees in Europe are:

Germany - 2 mil
Poland - 0.97 mil
France - 0.6 mil

Basically the top three EU countries in terms of refugees, hold together as many refugees as Turkey.

List of sovereign states by refugee population - Wikipedia

en.wikipedia.org

 

[_Mu_]

Turkey is now the third-biggest exporter of scripted series in the world—behind only America and Britain. Between 2020 and 2023 global demand for Turkish shows grew by 184%, compared with 73% for Korean dramas, according to Parrot Analytics, a data firm.

Turkish shows are popular not just in the Middle East but also in Europe and Latin America. Last year the three biggest importers of new Turkish shows were Spain, Saudi Arabia and Egypt. The Istanbul Chamber of Commerce estimates that Turkey’s television exports earned $600m in 2022; some analysts predict their sales will soon total billions.

The third-largest exporter of television is not who you might expect

After America and Britain, Turkey is the biggest seller of scripted shows

www.economist.com

 

[B_A]

Then people have not understood the principle of the economy and its rules; after every upswing comes a period of recession.
This can sometimes last a decade.
Look at Japan after the boom of the 70-80s, the country was in a permanent recession that was very slow to recover.
Young people are also responsible for themselves, if everyone just studies business administration and wants to become a bank manager or IT administrator, then they shouldn't be surprised.
In Turkey there are many vacancies in the defense industry, in medicine and in logistics, you just have to think left and right.
I'm not saying it's easy, but there are jobs in Turkey.

I am from japan (I have a Japanese mother) and know in many area Turkey is narrowing lot of gaps between Japan.(of course S.korean done better than us)

Just think about 2002 no one even think Turkey can develop a M60 tank or any other industrial product.everyone laughs if you say Turkey can export armed Drone,.

the only and biggest problem for these 5-6 year is the current account debt and the dropping of Lira.
The tax and fine of here is far lower than Japan.

Before 2010s almost everyone in world thought Turkiye had only Kebabs and harems…..

 

[B_A]

Now find a job in Turkey is far far easier than in China.

the only problem is lira dropping but RMB stable.

 

[contricusc]

Turkey is now the third-biggest exporter of scripted series in the world—behind only America and Britain. Between 2020 and 2023 global demand for Turkish shows grew by 184%, compared with 73% for Korean dramas, according to Parrot Analytics, a data firm.

I know Turkish series are extremely popular in Romania.

 

[Scott Summers]

Turkish-Russian trade hit by fresh US sanctions threat

A US threat to hit financial firms doing business with Russia with sanctions has chilled Turkish-Russian trade, disrupting or slowing some payments for both imported oil and Turkish exports, according to seven sources familiar with the matter.

Turkish-Russian trade hit by fresh US sanctions threat - Euractiv

A US threat to hit financial firms doing business with Russia with sanctions has chilled Turkish-Russian trade, disrupting or slowing some payments for both imported oil and Turkish exports, according to seven sources familiar with the matter.

www.euractiv.com

Just pay in cash and the problem is solved. Dont use the banks.

If you pay cash, they cant monitor anything.

And Turkey is a cash-country. You can alway walk into a bank and just get all your savings cash.

It's not Europe where all the bank offices are closed and you get designated as a terrorist if you use cash money.

 

[I_Love_F16]

It's not Europe where all the bank offices are closed and you get designated as a terrorist if you use cash money.

What the hell are you talking about ?

 

[B_A]

Turkish-Russian trade hit by fresh US sanctions threat

A US threat to hit financial firms doing business with Russia with sanctions has chilled Turkish-Russian trade, disrupting or slowing some payments for both imported oil and Turkish exports, according to seven sources familiar with the matter.

Turkish-Russian trade hit by fresh US sanctions threat - Euractiv

A US threat to hit financial firms doing business with Russia with sanctions has chilled Turkish-Russian trade, disrupting or slowing some payments for both imported oil and Turkish exports, according to seven sources familiar with the matter.

www.euractiv.com

Just pay in cash and the problem is solved. Dont use the banks.

If you pay cash, they cant monitor anything.

And Turkey is a cash-country. You can alway walk into a bank and just get all your savings cash.

It's not Europe where all the bank offices are closed and you get designated as a terrorist if you use cash money.

TL notes now is too small account to use.

 

[Scott Summers]

TL notes now is too small account to use.

I agree.

We need bigger notes, like 500 of 1000 TL.

 

[Scott Summers]

What the hell are you talking about ?

Cash money and cash payments are both under a huge political attack in the Netherlands.

 

[what]

Just pay in cash and the problem is solved. Dont use the banks.

If you pay cash, they cant monitor anything.

And Turkey is a cash-country. You can alway walk into a bank and just get all your savings cash.

It's not Europe where all the bank offices are closed and you get designated as a terrorist if you use cash money.

You expect companies to fly over millions and billions in currency every time they make a deal? You dont make sense in most of your posts, but lucky for you low quality is not a punishable offence rules-wise.

 

[Huelague]

What about a 'new currency' like Bitcoin for exchange?