Turkish economy

[David]

Just looking at predictions for the Turkish economy and predictions are that the TL will go to over 14 to the £ within the next 5 years ..... scary !!

[TRNCVaughan]

bring it on.

[David]

Can you imagine the inflation and huge prices in day to day living

[terry2366]

It will destroy the working locals,, but I imagine most of the richer news have theirs in sterling. I'll have to work out when to change men back to sterling.

[waddo]

Wait till after Brexit then see how many TL you will get to the £ - it may be the other way around - lol.

[Reyntj]

I think the richhave theirs in $ nit £ !its should ne no surprise 14 tl in 5 years with inflation at 20 % and c2 % in most eu modern countries its a straight firward carry trade where the economic theory will result in a large continuoscurrency lldepreciation equaling the difference in inflation rates

[TRNCVaughan]

£1 = 7.18 tl

[David]

Expect the TL to get weaker

[jayceebee]

A forecast I read recently had the £ at 12TL by this time next year.