Turkish Lira - Volatility

[techtrader]

Very volatile this morning, is trading over 50 now and ran close to 54 to the £ !!

Political shenanigans it seems

[ScubaBoy9]

Feb inflation has come in at around 70%.

[Charlieboy]

Possibly up to 70 tl to £1 soon

[Reyntj]

They arrested immaglolu and cancelled his universtiy certifcate so he cant run for president...

Enough said...

[greengate]

Going to need a bigger wallet soon...!

[poppy++1]

49.565576 Now

[alphamike]

Going to need a bigger wallet soon...!

More like a bag, impossible to get equivalent of £200 into my slimline wallet. I'd rather they tackled inflation, but they could be doing with issuing higher value notes.

[techtrader]

Going to need a bigger wallet soon...!

More like a bag, impossible to get equivalent of £200 into my slimline wallet. I'd rather they tackled inflation, but they could be doing with issuing higher value notes.

That's a dangerous road to be going down !!

[alphamike]

I know Techtrader. Just so annoying when an ATM spits out 100TL notes which is rather a wad when I take out 8000TL, and it's not worth much.

[Charlieboy]

Is it a coup by Erdogan perhaps

[Reyntj]

I didnt know but imamoglu co owns a construction company....

Which lets face it is not the most cleverest of moves if you are mayor of istanbul and wanna be president.

Its been siezed...i presume tender corruption allegations...

If his company has won tenders in istanbul its not a good look..at the least he shouldnt have put himself in that position....