TR Economy & Updates

[Vergennes]

Can't wait to hear the "Foreign forces are attacking our economy and currency".

 

[Deliorman]

It’s time for that classic video again.

 

[CAN_TR]

Economy went Hülooooggg, it's really a pathetic policy.

 

[Costin84]

Can't wait to hear the "Foreign forces are attacking our economy and currency".

I'm predicting a bloodbath for the lira on Monday. Makes you wonder what the Turkish elites are thinking if commoners like us allready see the incoming shitstorm.

 

[Turko]

Since 1931- until 1949 for 18 years there had been just 2 head of Türkiye's Central Bank. Look at the years , for some people " fascist dictators " used to reign however they didn't touch Central Bank as much as today's democratic idols have done. Last 3 years we had four Head of central bank.

After that moment increase/decrease of rates couldn't help putting the fire out.

Türkiye urges 250 billion USD ASAP.
Every increase of TL/USD brings more burden on us.

 

[uzaysan]

Weak tl. High interest rate. High inflation. No reserve on central bank. Akp is really party of the firsts. Because this requires extra stupidity. You can't do it even if you tried too hard. But they managed to do this.

İf akp resign tomorrow, an empty chair will be more benefit to us. With empty chair turkish economy will recover by itself in 5 years. But not with these blood suckers.

 

[Nilgiri]

This is just from the change/intention of the appointment.

The more long term setting of TL/USD will depend on the actual interest rate decreases that are done by him.

I mean the guy is even bringing up quantitative easing policy of developed countries to push for low interest rate regime in Turkey.

Complete bonkers.

If people are stuck with lot of surplus TL they cannot shift, probably construction et al is best bet (anything lower-credit sensitive in general)....and then invest gains into hard assets ASAP.

Middle class and poor are going to get reamed by inflation....since there has been absolutely nothing much allowed to change in export/import profile of turkey.

 

[Turko]

The new director of Cen.Bank appears to be more closer to Son-in-law of RTE. Son-in-law is back and also it is being said that interior minister Süleyman Soylu will be fired by him.

 

[Cypro]

https://twitter.com/i/web/status/1373703484843958273

Asian markets were opened. • Dollar / TL increased by more than 10% and reached 8.20.

next week I will apply to bankruptcy like many other business owners..all expenses of a software company is with usd. My first company was about touch screen technology unfortunately during 2018 I lost a lot.. and this year first corona and then fluctuating lira. If ONE man decides everything this is what happens.. one man cannot know everything.. Many more businesses will bankrupt and Turkey will lose more power just because of one stubborn guy with power, who insists to apply his nonsense economic ideas which contradicts whole world..

 

[Deliorman]

Erdoğan’s propaganda prostitutes stoped showing the USD and EUR prices all of sudden... and the Turkish, European and American markets haven’t even started working yet. What happened, is there any problem with the Turkish Lira, how are things looking from Sarajevo? @mulj

 

[BordoEnes]

Where are all these AKP and Erdogan supporters when you need them. Its funny how non of them even dare show their face in our or any other forum anymore. This is what you chose, this is the sack of shit you decided was fit to lead a country. I can go on and on about how this is terrible thing and wanting to wish the best to my Turkish compatriots but at this point it kinda feels like these AKP monkeys asked for it. For what its worth i hope the best for every brother and sister on this forum.

 

[CAN_TR]

Saw some trolls spamming „Allah with us, don‘t worry about the TL.“

There are people you can sell shit and make them believe it‘s gold, everything is possible in Turkey.
Especially with those who have an IQ below room temperature.

 

[Melkor]

1 Euro = 10 Turkish lira. Down over 17%. Is this a joke!?

 

[Ryder]

https://twitter.com/i/web/status/1373704841361551370

Is this a joke???

Seriously???

The economy is going to have a meltdown its going to be 2001 all over again this time its gonna be worse.

 

[Ryder]

Seriously he treats this economy like some football team where he sacks the manager every year or month.

 

[Philip the Arab]

Damn I knew I should have gotten into FOREX

 

[KKF 2.0]

https://twitter.com/i/web/status/1373704841361551370

Is this a joke???

Seriously???

The economy is going to have a meltdown its going to be 2001 all over again this time its gonna be worse.

https://twitter.com/i/web/status/1373758625202630658

We're the only nation that can travel back in time. hehe

 

[Ryder]

https://twitter.com/i/web/status/1373758625202630658

We're the only nation that can travel back in time. hehe

Also repeat the same old bs over and over again.

Definition of insanity.

 

[Anmdt]

BIST (Stock exchange) has stopped operations -entirely- temporarily amid huge decline in stock values and surge of sell.

Note: It has happened at least twice since morning.

Update: USD/TRY was down to 7.7 in morning as markets were open, up to 7.9 as London markets are open.

 

[mulj]

Erdoğan’s propaganda prostitutes stoped showing the USD and EUR prices all of sudden... and the Turkish, European and American markets haven’t even started working yet. What happened, is there any problem with the Turkish Lira, how are things looking from Sarajevo? @mulj

View attachment 16449

cnn, enough said, listen i can not help you realize that currency stock market is not merely on economic parameters and is one of the tools to control weaker states, that is entirely upto you. i challenge you and everybody else to explain how is lira weaker when production output is on highest levels for some time?