enoch

Member
Top Poster Of Month
Watch The Lira Now
Has someone been selling dollars again, dollar sterling and euro are down over 2.50%
 

enoch

Member
Top Poster Of Month
Watch The Lira Now
What's going on in the market s? A secret hand sold 1 billion dollars.
 

Camden

Member
Watch The Lira Now

The man "is not for turning"

Turkish President exchange rate statement:

Saying, "We will reduce both the exchange rate and inflation with a low interest policy," President said, "I believe that we will reverse the currency attacks. I hope this will also be tangential to us. Everyone should know this."


 

mollag

Kipper restorer
Watch The Lira Now
Here's a different slant . . . .

This would prove problematic as the only country that recognises N Cyprus is Turkey, the EU wouldn't touch them with a very long pole.
 

Kanga

Member
Watch The Lira Now
This would prove problematic as the only country that recognises N Cyprus is Turkey, the EU wouldn't touch them with a very long pole.
however I remember back in the pre-euro '90s in Turkey when lots of things were priced in different currencies, sterling, D-marks, dollars. . .
 

mollag

Kipper restorer
Watch The Lira Now
however I remember back in the pre-euro '90s in Turkey when lots of things were priced in different currencies, sterling, D-marks, dollars. . .
Accepting a foreign currency for payment and adopting a currency for commerce are two different things, as an country N Cyprus does not exist outside of Turkey, they would be as well adopting the cowrie shell.
 

Camden

Member
Watch The Lira Now
I can't see the relatively new pro Turkey, right wing Nationalist, N Cypriot President Ersin Tarter, deviate or break policy from his Turkish Patron, the man who helped get him elected ....by snubbing the Lira ...

We have seen the change since the new N Cypriot Presidents election, from what was a more independent N Cypriot policy, which now has become more supplicant to the mainland Nationalist thinking and policy with the Turkish President becoming more of a mouthpiece for N Cyprus..
 
Last edited:

enoch

Member
Top Poster Of Month
Watch The Lira Now

enoch

Member
Top Poster Of Month
Watch The Lira Now
Akp in denial of economic collapse.

 

enoch

Member
Top Poster Of Month
Watch The Lira Now
Last edited:

enoch

Member
Top Poster Of Month
Watch The Lira Now
There is talk of a 7 tl increase in fuel in the next 2 months, even though its gone up by 2.3 tl. In the last month
 

enoch

Member
Top Poster Of Month
Watch The Lira Now
On the turkish news tonight. Market owner 5 pages of debt no chance of ever getting paid. They have no bread, come for a bardak of oil they are so desperate.
 

Tenpin

The Yorkshireman
Watch The Lira Now

Central Bank intervenes in ‘unhealthy’ FX pricing​



Extract:
The Turkish Central Bank intervened in foreign exchange markets for a third time this month on Dec. 10, citing “unhealthy price formations.”

“The Central Bank of the Republic of Turkey directly intervenes in the market via selling transactions due to unhealthy price formations in exchange rates,” said the bank.

Following the bank’s announcement released amid fluctuating foreign exchange rates, the Turkish Lira recovered against the U.S. dollar from 13.95 to 13.75.

After the lira fell to the all-time low of nearly 14 against the dollar last week, the Central Bank intervened twice in the market by selling the greenback.
 

Akasya

Postless Pointer
Watch The Lira Now

Central Bank intervenes in ‘unhealthy’ FX pricing​



Extract:
The Turkish Central Bank intervened in foreign exchange markets for a third time this month on Dec. 10, citing “unhealthy price formations.”

“The Central Bank of the Republic of Turkey directly intervenes in the market via selling transactions due to unhealthy price formations in exchange rates,” said the bank.

Following the bank’s announcement released amid fluctuating foreign exchange rates, the Turkish Lira recovered against the U.S. dollar from 13.95 to 13.75.

After the lira fell to the all-time low of nearly 14 against the dollar last week, the Central Bank intervened twice in the market by selling the greenback.
Wasted money on the back of hubris.
Steve
 

Latest Posts

Top Bottom