429nufc

Member
Watch The Lira Now
Even if Arty went there is no credible opposition with a sound economic plan. It will be rough for a while
I've just purchased 750Kg of firewood in the UK it cost £126 delivered
I bought the same quantity for the same price in £'s in Gumusluk about 5 years ago.
No idea what it means but thought a strange co incidence
 

Tenpin

The Yorkshireman
Watch The Lira Now
Apparently it's down to currency gangs.....

Turkey will not be defeated by currency sabotage: Bahçeli​



Extract:
Turkey will not be defeated by currency sabotage or high inflation, the Nationalist Movement Party (MHP) leader has said, urging the opposition parties not to provoke the people for street protests on the pretext of economic conditions.

“We urge with the determination that Turkey will not be defeated by currency sabotages and high inflation. Turkey will not be defeated by global currency gangs and will not bow before the interest rate lobbies. The People Alliance has the oath to stand against all of them,” MHP chairman Devlet Bahçeli said following a party meeting on Nov. 25.
 

Bramidan

Member
Watch The Lira Now
When you consider what is happening it is effectively a devaluation of the currency. Makes exports cheaper but of course imports are crippling as are other goods priced in dollars or euros.
A vain hope that it will encourage foreign manufacturers to relocate to Turkey, it looks cheap but what about the uncertainty in the country as a whole.
The upside, if the theory doesn't work and you fail to stimulate the economy you say it "is a conspiracy by the western markets and hence the western governments" thus a rallying call for the Turkish nation.
Once again the nationalist card being played.
 

enoch

Member
Top Poster Of Month
Watch The Lira Now
I should have posted it, when Ataturk run things the lira never lost against the dollar, they had the graphs for the years in dollars and the French franc and only cents variation in the year.
 
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Camden

Member
Watch The Lira Now
Turks can't even be driven to drink by the state of the economy :cry: to expensive with another new Zam ( price rise) on alcohol.

Özgür Aybaş, Chairman of the Turkish Monopoly Dealers Platform (TTBP), told sozcu.com.tr that as of today, whiskey and vodka prices have increased by *5 *percent and some wines by *18* percent as of today. .​


In the first week of November, raki prices increased by *7 *percent.

Aybaş pointed out that raki prices will increase again with the SCT hike expected in December.

 

enoch

Member
Top Poster Of Month
Watch The Lira Now
Turks can't even be driven to drink by the state of the economy :cry: to expensive with another new Zam ( price rise) on alcohol.

Özgür Aybaş, Chairman of the Turkish Monopoly Dealers Platform (TTBP), told sozcu.com.tr that as of today, whiskey and vodka prices have increased by *5 *percent and some wines by *18* percent as of today. .​


In the first week of November, raki prices increased by *7 *percent.

Aybaş pointed out that raki prices will increase again with the SCT hike expected in December.

The likes of balantines whisky 1300 a bottle. Cheers
 

Camden

Member
Watch The Lira Now

Turkish deputy minister expresses determination to continue policy of interest rate cuts

Turkish Deputy Finance Minister Nureddin Nebati has said that the country is determined to continue with its policy of interest rate cuts.

Opposition İYİ (Good) Party leader Meral Akşener has said Nebati's messages signaled that Treasury Minister Lütfi Elvan might be ousted soon and that "Mr. Nebati be our new minister candidate."


 
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mollag

Kipper restorer
Watch The Lira Now

Turkish deputy minister expresses determination to continue policy of interest rate cuts

Turkish Deputy Finance Minister Nureddin Nebati has said that the country is determined to continue with its policy of interest rate cuts.

Opposition İYİ (Good) Party leader Meral Akşener has said Nebati's messages signaled that Treasury Minister Lütfi Elvan might be ousted soon and that "Mr. Nebati is our new minister candidate."


Telegram for Lütfi Elvan Bey, no reply required.
 

Rua

New Member
Watch The Lira Now
Turks can't even be driven to drink by the state of the economy :cry: to expensive with another new Zam ( price rise) on alcohol.

Özgür Aybaş, Chairman of the Turkish Monopoly Dealers Platform (TTBP), told sozcu.com.tr that as of today, whiskey and vodka prices have increased by *5 *percent and some wines by *18* percent as of today. .​


In the first week of November, raki prices increased by *7 *percent.

Aybaş pointed out that raki prices will increase again with the SCT hike expected in December.

Migros and Macro have started their sale on wines and alcohol.Quite a few have upto 25% discount.
 

Jaycey

African Refugee
Watch The Lira Now
Spiegel.jpg
"A lira in freefall and skyrocketing prices: Turkey's economy is in poor shape and much of the population is suffering.

President Erdoğan's weak response is strengthening the opposition and fueling speculation that elections may be held sooner than planned.

Imagining Life after Erdoğan




 

enoch

Member
Top Poster Of Month
Watch The Lira Now
that's still dirt cheap compared to western europe lol
what impact is it having on rental, property and land prices? can you buy semi-decent ebikes in Turkey?
Ebikes I wouldn't have a clue. Its the turkish people I am thinking about not the foreigners.
 

Camden

Member
Watch The Lira Now

Turkish vendor starts selling 'half a simit' in protest of price hikes

A Turkish street vendor has started to sell half simits (also referred to as Turkish bagel), saying that citizens' purchasing power decreased considerably in the face of steep price hikes.


A street vendor has started to sell half simits (Turkish bagel with sesame seeds) in protest of price hikes following the lira's crash in value.

“People's purchasing power decreased. People have been desiring [to buy goods], but they cannot buy. And so we launched the half simit campaign,”

The price of a simit is currently 2.50 liras, and the interviewed vendor is selling “half simits” for 1.25 liras each.

The cost of living expenses in Turkey are expected to become even more painful in the upcoming days amid the local currency's sharp depreciation. It is no longer just the low-income families who suffer from the currency crash, but the middle class too.

Rejecting to put on any responsibility for the lira's collapse, the President earlier this week said that the country was in a "war of economic independence."


 

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