Posted on 03/28/2018 2:32:59 PM PDT by Texas Fossil
Turkey’s lira weakened beyond the psychologically important level of 4.0 to the US dollar yesterday, bringing it close to a record low, as concerns about double-digit inflation, and politics, continued to weigh on sentiment.
(Excerpt) Read more at gulf-times.com ...
Don't care what their money is worth, really.
It was 1.29 to the dollar in 2005.
But Turks are used to raging inflation: (from Wiki)
“In December 2003, the Grand National Assembly of Turkey passed a law that allowed for redenomination by the removal of six zeros from the Turkish lira, and the creation of a new currency. It was introduced on 1 January 2005, replacing the previous Turkish lira (which remained valid in circulation until the end of 2005) at a rate of 1 second Turkish lira (ISO 4217 code “TRY”) = 1,000,000 first Turkish lira (ISO 4217 code “TRL”). “
Wow! Adjusted 1 to one million!
IMHO China is paying everyone fighting in Syria, except maybe us.
I did not know that. Thanks.
Their banker is Qatar. And the EU sending money for him to house immigrants.
He does have some oil income too. And pipelines.
I don’t understand why Putin is not pounding Turkey.
In the good old days it was 7 to 1. Maybe we can see it go even lowerr than that under Ms Estrogen ...
It is about an oil pipeline deals. He will be paid well to allow this.
And he is punishing the US and Kurds for getting in the way.
And Iran and Turkey want US out of Syria.
But that has consequences, Israel and SA are with us on this. And many other nations in the Coalition.
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