It’s been an especially tough past few days for the Turkish lira. It remains near all-time lows against the dollar. The country recently cut interest rates at the insistence of President Recep Tayyip Erdogan despite the warnings of economists. The consequences are borne by normal Turks. Many are now angry.
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#Lira #Inflation #Erdogan
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LIRA + EURO = Growth & Reputation….1
LIRA + Pakistani Rupiya = Inflation & Frustration….2
Turkey is free to choose any of 1 or 2
Let be realistic Imperalistic man busy with his ego more then with economy. Same as Loukashenko.
Mashallah Erdogan ❤️
POSITIVE FACTS OF TURKISH ECONOMY
1. The Second fast growing GDP growth rate, nation is Turkey. Turkey growth rate in 2021 was 9%. According to Moodys expected growth rate for 2022 is 12.3 %, and for 2023 is 13.6%. ( Turkey dont control Moodys). Whereas President of Turkey expecting it 15%.
InshaAllah, by 2023 and for oncoming 4-5 years,Turkey will be the top most GDP growth nation.
2. Trade mass is $400 billion in 2021, growth rate in trade mass is more 27.46 %, Turkey cant go down with this trade mass.
3. During Covid, world was close, but Turkey earned $20 BILLION DOLLAR.
4. Defence exports of Drone is $3 billion dollar and wiill increase to $5 billion .
5. Forex Reserves of Turkey is $126 BILLION, There is no fear of bankruptcy for Rurky at all.
6. Turkey has nothing to pay to IMF or World Bank
Its all negative PROPGANDA of western countries, after failed regime change attempts . These hypocarts powers cant deal with strong Turkey , Thats why trying to put pressure on TURKEY , through FATF and other international tools of exlploitation. BUT THEY ALL WILL FAIL AGAINST TURKEY. INSHALLAH A VERY STRONG TURKEY WILL EMMERGE IN 2023,as soon LAUSANE AGREEMNT FINISH.
Still don’t understand. Can someone briefly and in plain English outline the key reasons why Turkish Lira is collapsing?
The Dollar is already 14.5 Turkish Lira. Dictaror Erdogan made Turkey bankrupt. Now he is selling the dollars and gold of Turkey to buy his own worthless Lira that has become junk.
Haha good. Garbage currency
We had a good run Mr. Erdogan had been a true leader God bless him and he’s loved ones as for the lira I pray for the poor hope they can get through the hard times until it’s better!
We want Erdagon to be in power for next 5 years
That aged well.
1 euro = 19 lira now
For sure we are suffering in Turkey everything is expensive day and day Dollars n Euro including now it's 1800 lira to get 100$, for really we r dying pliz and pliz help our country Turkey
US economic sabotage in unison with western powers.Its not going to work.
"loses nearly 40% it is value"
PLEASE, DEUTSCHE WELLE. It is spelled "its".
Zimbabwe!
Right time to buy much cheap lira's and hold. The moment Turkey announces its currency board with 1 to 5 (dollar / lira) than u are rich.
This is a war of Turkish financial independence, World Bank and its associates no longer have power in Turkey, Turkish people understand the price they have to pay and are willing to do so. The next few months may not be fun for the Turks, but it will eventually be a glorious victory for Erdogan. He has always been right, for over 20 years.
Turkey will start selling their drama serials
Turkish People won't be able to eat Turkey in Turkey
no, nothing that big at all. the TL will soon enough recover, this is nothing but a herald for Erdogan to bring turkey to the next level. trust me, Erdogan will save turkey, and the region.
what now!?
The Turkish economy is a disaster and is now the same as Lebanon and Venezuela. The Turkish people are starving because of the stupidity of dictator Erdogan that does not understand anything about the economy.
Currency Devaluation
Typically, currency devaluation is always at the heart of a rising gold price. This has been taking place in all of the major fiat currencies, resulting in an average annual price increase in gold of over 10% since 2000.
Extreme country is just facing it's fait , leave ur religion aside for some time and keep ur focus on education and development
The ruling religious right wing fascist party (akp) in Turkey devastates the country and b/c they cheat on every election it's almost impossible to get rid of them.
Akp and it's leader was installed in to the government by the USA some 20 years ago and has an iron grip on the people.
I was studying in turkey back in 2015. Exchange rate was $1= 3TL.