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Turkish Lira - Volatility
Posted: Wed 19 Mar 2025 9:06 am
by techtrader
Very volatile this morning, is trading over 50 now and ran close to 54 to the £ !!
Political shenanigans it seems
Re: Turkish Lira - Volatility
Posted: Wed 19 Mar 2025 9:43 am
by ScubaBoy9
Feb inflation has come in at around 70%.
Re: Turkish Lira - Volatility
Posted: Wed 19 Mar 2025 10:05 am
by Charlieboy
Possibly up to 70 tl to £1 soon
Re: Turkish Lira - Volatility
Posted: Wed 19 Mar 2025 10:13 am
by Reyntj
They arrested immaglolu and cancelled his universtiy certifcate so he cant run for president...
Enough said...
Re: Turkish Lira - Volatility
Posted: Wed 19 Mar 2025 12:43 pm
by greengate
Going to need a bigger wallet soon...!
Re: Turkish Lira - Volatility
Posted: Wed 19 Mar 2025 12:58 pm
by poppy++1
49.565576 Now
Re: Turkish Lira - Volatility
Posted: Wed 19 Mar 2025 1:12 pm
by alphamike
greengate wrote: ↑Wed 19 Mar 2025 12:43 pm
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.
Re: Turkish Lira - Volatility
Posted: Wed 19 Mar 2025 1:24 pm
by techtrader
alphamike wrote: ↑Wed 19 Mar 2025 1:12 pm
greengate wrote: ↑Wed 19 Mar 2025 12:43 pm
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 !!
Re: Turkish Lira - Volatility
Posted: Wed 19 Mar 2025 6:16 pm
by 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.
Re: Turkish Lira - Volatility
Posted: Wed 19 Mar 2025 10:34 pm
by Charlieboy
Is it a coup by Erdogan perhaps
Re: Turkish Lira - Volatility
Posted: Thu 20 Mar 2025 6:08 am
by 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....