mollag

Kipper restorer
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Most of the 'record 11 million trees' planted in Turkey in one day did not survive. We rescued 4 trees planted by the forestry commission across from our house. I cannot see the point in planting saplings and not providing a source of water for at least the first few years.
unless the saplings are being sold by your cousin :rolleyes:
 

Tenpin

The Yorkshireman
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Turkey considers swap deals with 4 countries, pledges to boost lira​



Extract:
Turkey is in talks to secure currency swap agreements with four countries and is close to a deal with two of them, the central bank chief told a meeting with senior bankers Tuesday, according to participants.

Central Bank of the Republic of Turkey (CBRT) Governor Şahap Kavcıoğlu did not specify which countries Turkey was in talks with but said during a meeting with managers from the Turkish Banks Association (TBB) that it was at “a very good place” with two central banks, the participants told Reuters.
 

Camden

Member
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What do you do when your economy is a basket case ? Spend $1bn on a space port in a volatile African country Somalia, to make missions to the Moon. The intention to make hard” landing on the Moon in 2023, to celebrate the centenary of the founding of modern Turkey... and maybe sticking a flag in it.....

Explain that to the Turk in the street why investment and jobs are being made overseas in Africa whilst there own Govt is having to distribute 1,200,000 tons potatoes and 300,000 tons of onions to poverty stricken areas in Turkey due to the deepening financial crisis, in Turkey, and where its annual official inflation and interest rates are nearing 20%, with youth unemployment at 30%, and annual per capita income fallen to barely $7,500.


 
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enoch

Member
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Turkey considers swap deals with 4 countries, pledges to boost lira​



Extract:
Turkey is in talks to secure currency swap agreements with four countries and is close to a deal with two of them, the central bank chief told a meeting with senior bankers Tuesday, according to participants.

Central Bank of the Republic of Turkey (CBRT) Governor Şahap Kavcıoğlu did not specify which countries Turkey was in talks with but said during a meeting with managers from the Turkish Banks Association (TBB) that it was at “a very good place” with two central banks, the participants told Reuters.
Russia, Malaysia, UK, South Korea, and other Asian countries. But nothing confirmed as always
 

Camden

Member
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I was reminded today ( reading a Turkish blog I follow ) of a centuries old Turkish tradition ,which has been carried on through the years and ,still done today, Its called in Turkish " askıda". Which although is only a small gesture it's one that endeared me along the way , to some Turks and at times their selfless generosity to those in need ....

And maybe would for new/old Expats or visitors and travelers who may not know the tradition, might consider in following this gesture on learning about it in these hard economic times in Turkey ... ( I have on occasion on visits after being told about it )

"Askıda" meaning in english “paying it forward” its normally done when buying bread "askıda ekmek " askida bread is literally the idea is that when you buy yourself bread , you pay for one extra to be given to someone without the means to pay.

It has been updated and can be done for other products I have seen it done for drinks or other bakery products ..... But bread holds a special meaning in many cultures as an essential ... So you could ask your baker if he follows the Askida code ..... and follow this kind tradition along with many Turks ... can be applied also to Syrian refugees ...

The influence of Askida has carried to London ( and in parts of America ) due to its Multicultural makeup and seen it applied to London's homeless in some areas.
 
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enoch

Member
Watch The Lira Now
I was reminded today ( reading a Turkish blog I follow ) of a centuries old Turkish tradition ,which has been carried on through the years and ,still done today, Its called in Turkish " askıda". Which although is only a small gesture it's one that endeared me along the way , to some Turks and at times their selfless generosity to those in need ....

And maybe would for new/old Expats or visitors and travelers who may not know the tradition, might consider in following this gesture on learning about it in these hard economic times in Turkey ... ( I have on occasion on visits after being told about it )

"Askıda" meaning in english “paying it forward” its normally done when buying bread "askıda ekmek " askida bread is literally the idea is that when you buy yourself bread , you pay for one extra to be given to someone without the means to pay.

It has been updated and can be done for other products I have seen it done for drinks or other bakery products ..... But bread holds a special meaning in many cultures as an essential ... So you could ask your baker if he follows the Askida code ..... and follow this kind tradition along with many Turks ... can be applied also to Syrian refugees ...

The influence of Askida has carried to London ( and in parts of America ) due to its Multicultural makeup and seen it applied to London's homeless in some areas.
They hang the bread out side in our bakery.When people used to come begging at our local lokanta looking for money we would give them a choice take a meal or nothing, because the money in a lot of cases went to cigarette or drugs
 
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Camden

Member
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They hang the bread out side in our bakery.

This might not be Askida bread Enoch, if its hanging outside ... it's more likely a religious baker or bakkal owner, that think it haram ( a sin ) to throw out of date or old bread at the end of the day so hang it out in plastic bags for free to those in need..
 

enoch

Member
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This might not be Askida bread Enoch, if its hanging outside ... it's more likely a religious baker or bakkal owner, that think it haram ( a sin ) to throw out of date or old bread at the end of the day so hang it out in plastic bags for free to those in need..
Just with it being a 24 hour bakery and so busy, it usually comes out about 11 in the morning. We have 1 who puts old food out and it has to be binned because no one takes it.
 

Camden

Member
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Just with it being a 24 hour bakery and so busy, it usually comes out about 11 in the morning. We have 1 who puts old food out and it has to be binned because no one takes it.

I would imagine coastal resorts don't see as much poverty as the cities the S/E and Central Anatolia ? and pride sometimes the downfall of many....

ps though that may change with their reliance on tourism....
 
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Camden

Member
Watch The Lira Now
Inflation on the rise again...... Estimates varied between 16.5 percent and 17.5 percent, FOREKS said on Today . Prices may increase by 1.42 percent month on month, it said.

Turkey’s inflation rate fell to 16.6 percent in May from 17.1 percent the previous month. Inflation is under pressure after the lira fell to a record low against the dollar this month and manufacturers increased prices at a faster pace. Producer price inflation stood at 38.3 percent in June.

The monthly median forecast of economists in the Consumer Price Index (CPI) for June was 1.42 percent.

According to the survey conducted by Foreks with 16 bank/institution economists, while the average estimate for the CPI for June was 1.47 percent, the median estimate in annual data was 16.92 percent, with an average of 16.98 percent.

 

enoch

Member
Watch The Lira Now
Inflation on the rise again...... Estimates varied between 16.5 percent and 17.5 percent, FOREKS said on Today . Prices may increase by 1.42 percent month on month, it said.

Turkey’s inflation rate fell to 16.6 percent in May from 17.1 percent the previous month. Inflation is under pressure after the lira fell to a record low against the dollar this month and manufacturers increased prices at a faster pace. Producer price inflation stood at 38.3 percent in June.

The monthly median forecast of economists in the Consumer Price Index (CPI) for June was 1.42 percent.

According to the survey conducted by Foreks with 16 bank/institution economists, while the average estimate for the CPI for June was 1.47 percent, the median estimate in annual data was 16.92 percent, with an average of 16.98 percent.

E has just had a meeting with the bank president telling him that the inter rates need to come down. The bank meeting has been put off until Friday.
 

Tenpin

The Yorkshireman
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E has just had a meeting with the bank president telling him that the inter rates need to come down. The bank meeting has been put off until Friday.

Does he not see what happens everytime he interferes.
 

Tenpin

The Yorkshireman
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Mentioned back in March on this thread, but now appears to have been formed.

Turkey establishes Price Stability Committee​



Turkey on June 30 established a new Price Stability Committee to help step up the country’s fight against inflation, as pledged in the government’s landmark economic reform package this March.

The committee, under the coordination of the Treasury and Finance Ministry, will contribute to the permanent establishment and maintenance of price stability, according to a presidential decree.

The committee includes the ministers of treasury and finance, trade, labor and social security, energy and natural resources, industry and technology, and agriculture and forestry, plus the Central Bank governor and the chief for strategy and budget under the presidency.

Commenting on the move, Treasury and Finance Minister Lutfi Elvan said the new committee’s main purpose is to develop solutions to supply shocks that pose risks of inflation.

"There is no intervention in the Central Bank in any way," Elvan wrote on Twitter.
 

Camden

Member
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I wonder if the "Stability Committee"....sic is anything like the failed " Son in laws" inflation package of reforms and targets? that were never met ( meant to be in single figures the last target set and not attained ) ... he even changed how the figures were counted to his advantage ..and it still it didn't lower the inflation figures .... another Chumocracy...
 

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