Watch The Lira Now

[immac]

Turkish central bank’s head can be sued for high inflation.

Turkish central bank?s head can be sued for high inflation

Ian

 

[Helenm150]

"On Feb. 10, Turkey’s President Recep Tayyip Erdogan criticized Basci’s work, saying that if the central bank’s head can’t cope with his duties, he will be held accountable."

 

[IbrahimAbi]

We live in a culture of fear, bullying and blame

 

[TCJ]

I can't find any mainstream newspaper running this story. I suppose Azerbaijan Trend might have it right but I am holding it in "Rumour" category for now. With TRY down by less than 0.2% against USD it doesn't look like money markets have swallowed the story (yet).

 

[immac]

I´m shocked! Are you trying to tell me that things on the Internet may not be true?

Ian

 

[villabaris1]

Unless its in the TLF equivalent of The Bible of course......the Daily Mail!

 

[pete-speleo]

It is the kind of thing that is happening in this country. The prosecution service in Ankara is run by and for the AKP.

 

[Helenm150]

http://www.zerohedge.com/news/2015-...aces-2-years-jail-not-lowering-interest-rates

"However, Turkey’s deputy prime minister for economic affairs, Ali Babacan, said the central bank pursues right monetary policy."

 

[TCJ]

The story that Basci could be prosecuted seems more plausible than this one on the same day:

The Turkish lira will begin to "pick up the pace," showing a stronger performance in the short term, a report by investment bank JPMorgan said yesterday. "Political pressure on the Central Bank of the Republic of Turkey to cut rates seems to be easing," the report said.

This seems to be based on what Basci's pal Babacan said (see Post #8). Babacan is not standing again in June. Perhaps Basci can last till then.

Turkish lira expected to pick up the pace: JPMorgan - Daily Sabah

 

[kemerkid]

Your excerpt from the 'Daily Sabah' doesn't seem to be working TCJ......... I wonder why? You don't suppose it's a little onerous do you?

 

[villabaris1]

Working fine on my laptop KK

 

[kemerkid]

Must be gospel then VB.

 

[villabaris1]

:25:

 

[IbrahimAbi]

the Sabah link works fine , I hope that the views expressed in it work out to be correct.

 

[bal canavar]

The Sabah would show the upside as a mouthpiece for the ruling party and the CEO is Erdogan's son in law .:slapme:

 

[kemerkid]

This is also the paper that states " Support for presidential system at 69 pct"

 

[bal canavar]

This is also the paper that states " Support for presidential system at 69 pct"

Enough said, family run. :gathering

 

[observer]

£1.00 (GBP)= 3.7865
€1.00 (EUR)= 2.7831 HSBC 2.8280
$1.00 (USD)= 2.5363 HSBC 2,5880
Are these rates from coinmill.com live?, as there is a big difference with the live rates on the HSBC Bank A.Þ. even by HSBC standards!

 

[suzyq]

Pounds to Lira Today (3.8687 GBP TRY) and Live Pound Lira Exchange Rate Converter

 

[villabaris1]

Coinmill has been frozen for a few days = certainly on my laptop!
Certainly when it was stuck at 3.78 yesterday I got 3.86 from my local jeweller.
As of a few minutes ago the rate was 3.87 with coinmill still frozen.