Forex TRY to USD exchange rate - Turkish Lira to US ...

De-Dollarisation: India Notifies Turkish Lira and Korean Won Forex Rates

De-Dollarisation: India Notifies Turkish Lira and Korean Won Forex Rates submitted by rotoreuters to betternews [link] [comments]

De-Dollarisation: India Notifies Turkish Lira and Korean Won Forex Rates

De-Dollarisation: India Notifies Turkish Lira and Korean Won Forex Rates submitted by thefeedbot to TheNewsFeed [link] [comments]

Picking an online broker for investing for a non-US Non-EU investor

I live in Turkey and picked up an interest in investing to be able to feel financially safe and hopefully free in the future, two years ago.
I picked a couple of divident paying stocks and bought small amounts. I also picked a couple of funds and invested even smaller amounts to see how they perform.
One thing I noticed is that, the market is not likely to beat the inflation (if it can, it will be barely - and statistics are not very reliable at the moment), and nobody in the country remembers a period where USD lost power to Turkish lira in a persistent way, but we are seeing the reverse right now. This is so obvious and certain for most of our people that just buying USD alone is an investment form which will not fail you.
Obviously unless I happened to pick up the stocks that will constantly outperform the whole market, it's unlikely that I gain a financial freedom in this way. And I can't do day trading or short term investment because I can't sit in front of a screen and monitor the market. Also, dividends are not reliable as a company might decide to skip a year or stop paying it altogether. And the divident performance of the whole market is around 1%.
So, I don't feel like this environment is the right one for long term investment. That's why I am planning to invest in the US and maybe the UK stock markets.
There are a couple of banks that let me invest in those markets, but their commission rates are insane. The minimum they will get for one transaction is $25. I was planning to start with something like $250-300 and if I invest with them, there goes one-tenth of my money. However, transferring money to a foreign account costs 40-50 Turkish liras, which roughly translates to $7-8. Considering that I'm planning to put small amount of money and buy stocks with it, transferring money to a broker makes sense.
However this arises safety issues as I'm going to invest with an American or British broker. Moreover it will have to be an online broker because others don't accept foreigner investors. Risk increases.
While I was doing research, I learnt that Saxobank, Tradestation Global and Interactive Brokers accept Turkish citizens. I can't pick Saxobank as they have a minimum of $10,000 which I won't have for a while.
I checked them out to see if they are safe, but apart from obvious advertisement websites, it is very confusing.
For instance, https://www.forexpeacearmy.com/forex-reviews/165/tradestation-stock-broker and https://www.forexpeacearmy.com/forex-reviews/165/tradestation-stock-broker They both are slammed here. But check this out: https://www.tradingview.com/brokeTradeStation/reviews/
Here, where the company can answer, there is a different story: https://www.trustpilot.com/review/interactivebrokers.com This one is another: https://www.trustpilot.com/review/tradestation.com?languages=en
So, what are your thoughts about these two brokers? Are there any alternatives I am missing? Or should I just not invest in these markets?
EDIT: I'm also worried about inactivity fees as I plan to buy and forget whether stocks or funds.
submitted by kutubira to personalfinance [link] [comments]

We pump up the revenue share to 30% in May

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submitted by PrimeBitExchange to u/PrimeBitExchange [link] [comments]

[DIPLOMACY] Turkey offers Central Asia - particularly our Turkic brethren - a post Russia lifeline. Pledges funds, hardware, operations

To our friends.
We note with chagrin that Russia has reneged on its commitments to you in totem. Whilst none of us should be surprised at that, given what else we have witnessed, we should not think of it as only a loss. It can also be seen as a great opportunity for us all. Russia has left you post-Soviet collapse, in poverty, and a state of semi-Soviet dependency on a country which has consistently demonstrated a commitment to maintaining oligarchy, corruption, and widespread poverty.
This being the case, Turkey proposes to channel NATOBUX into Central Asia like never before, to ensure not only your survival of this apocalypse, but all of our triumph, over it. Our offeribgs are as follows:
Note: we will be begging NATO for the costs associated with these deployments
submitted by peter_j_ to GlobalPowers [link] [comments]

The Weekend *SPECIAL EDITION*: TURKISH

SPECIAL WEEKEND EDITION

Let's talk.
Turkish Lira shit the bed Friday. I wouldn't normally worry about an emerging economy's currency as I don't trade exotics, and they tend not to cause too much trouble when they go haywire. The ramifications here are a bit different, and because of irresponsible lending by the ECB and others, along with increasing bad debt on Turkey's behalf, these ramifications have wider effects than just TRY.
The problem comes that European banks are worried about their exposure to Turkey's bad debt. Turkey is calling for ridiculous levels of rate raising to counter inflation and to try to supercharge their now weakening currency. At first, this will bolster the TRY, but the trade off will likely be much more painful: rampant inflation will likely destabilize the currency. This comes hand in hand with a stronger dollar, which hurts many emerging nations as borrowing is much more expensive and painful, slowing their growth, which then perpetuates the cycle as investors slow their capital due to lower growth targets. On top of this, Trump is moving forward with tariffs on Turkish steel and aluminum, a major export for them. Ouch!
EDIT the end point for this is a potential new European debt crisis that potentially spirals into a global correction or worse. Stay tuned, history is being made as you watch....
Esoterically, Erdogan is using the SAME TYPE of language that other dictators use during tough times. Rewind to Venezuela during their crash; both Maduro, and before him, Chavez used this same goofy rhetoric of coming together, not sparing for yourself, and offhandedly suggesting that those who are hiding money out of fear are part of the problem, are exacerbating "the enemy's" position, and are potential traitors for not believing in the central government. This is a red flag for me, as throughout history, this type of strong man language is a harbinger of worse times to come. As u/gorillaz0e has pointed out, the Lira took a dive as Erdogan started to speak as the speculators, banks, and economists saw this same thing: all talk, no substance.
There's a decent chance that ECB will float another loan to try to shore this domino up. We will see how it plays out this weekend, and Monday. Make sure you read this article and thread by u/J32926

BE CAUTIOUS NEXT WEEK. EUR, USD, and CHF are likely to be the big plays this coming week. CHF saw a huge influx of currency throughout the day; as one of our redditors said, it's nice to see it functioning as a safe haven again! If you are new, or don't know what you are doing, now is a great time for a demo account, small position, or just don't touch anything and watch.

This thread is for discussion of next week's plans. You can talk about this week, but let's have some substance.

CHECK YOUR CALENDARS

Read up on what is occurring:
https://www.marketwatch.com/story/us-stocks-pulled-into-global-selloff-as-turkeys-currency-crisis-raises-the-alarm-2018-08-10
https://www.ft.com/content/f50594a8-9c96-11e8-ab77-f854c65a4465
submitted by El_Huachinango to Forex [link] [comments]

[DIPLOMACY] A New Monetary Paradigm: Turkey and the ECB

Republic of Turkey

Ministry of Finance

[Nov/Dec 2048]
Turkey is at the tail-end of an economic slowdown, caused by fiscal uncertainty in a time of war and the globalized effects of geopolitical risk. However, the Turkish economy remains fundamentally strong, with phenomenal growth potential in its new territories in Azerbaijani Turkey and new previously-untapped trade relationships with the Middle East, Iran, and Central Asia.
The resulting growth will be of tremendous benefit to not just Turkey, but the European economy as a whole. As a close partner of the European Union, via political alignment, our membership in the Council of Europe, and free trade agreement, Turkey comes to the European Union to establish deeper monetary ties.
We propose a special relationship between the Central Bank of the Republic of Turkey (TCMB) and the European Central Bank (ECB).
While the Turkish Lira has gained international prominence due to the growing influence of the Turkish economy, the need to maintain a "war chest" of foreign exchange reserves in order to guarantee financial, fiscal, and monetary stability means productive financial resources are tied up unnecessarily.
Turkey typically maintains forex reserves equivalent to ~9% of GDP. By comparison, while Eurozone countries keep lower levels due to no need to back up their currency, the Bank of England and Reserve Bank of Australia's reserves are ~5% and ~3.4% of GDP, respectively.
We believe our mutual interests can be helped by reducing the burden on the TCMB to back up the Turkish Lira and financial system, freeing up financial resources to stimulate the economy.
The plan would mean the TCMB becomes eligible to administer Emergency Liquidity Assistance to solvent financial institutions in Turkey. Unlike European national banks which are members of the Eurosystem, the TCMB would not be autonomous in its decision making, subject to approval and oversight by the ECB itself. (m: national banks can fund financial institutions independently via this mechanism up to certain durations / amounts)
The arrangement would allow solvent Turkish institutions with adequate collateral (aka this isn't just free cash) to receive liquidity in times of financial instability, allowing the Turkish banking sector to lean both on the TCMB and ECB. Operations would be conducted, of course, in Euros -- meaning the ECB is not exposed to exchange rate risk when dealing with Turkish banks.
Eligible Turkish institutions would need to register with the ECB, meeting their criteria and subject to their oversight.
Sharing the responsibility of lender of last resort will allow financial resources to be freed up, giving an important boost to the Turkish economy and Europe-Turkey trade. We expect to move to a long-term band of 6-7% of GDP in foreign exchange reserves, freeing up roughly $38 billion.
submitted by DabsByMike to worldpowers [link] [comments]

Turkish lira meltdown

https://np.reddit.com/Forex/comments/b8k4wh/shorting_turkish_lira_easiest_ever_made_in_forex/
Looks like I was right. I predict USd/TRy to rise 40%/year (versus 20% carry cost) for many years. I will remain long until the inevitable default and it goes to 25-1 or higher . The rate will double in a single week when that happens and i will cover. Once it defaults there will probably be a bailout . Even if there is no default, the 20% return from the difference makes it very profitable . The central bank of turkey is way behind the curve in raising rates.
submitted by DonldsdTrump to Forex [link] [comments]

Underestanding the factors at play in the value of the Lira

Hello there Forex. Just joined this sub as my interest in Forex grows and has been growing for many years now but has never been enough to get me to invest. But given the current events it would be a shame if I didn't look to get some experience out of this. As a final year medical student my knowledge of economics is as extensive as a course on supply and demand curves back in school so let's keep this simple. I guess at this point the questions is weather you pour your money into USD/TRY or the other way around and at this point it seems like it's not very clear which side will be the winner and which the loser. I decided to enumerate the factors that are at play here for and against the Lira:
For
  1. Increase in interest rates in Turkey - which if my knowledge of basic economics doesn't fail me, means that foreign investment will pour into Turkish banks in the form of Turkish Lira and thus help keep the value of the currency.
  2. Other world powers such as Russia may come in and lend a helping hand to Turkey and keep them afloat.
  3. A decrease in the value of the Lira means a country more attractive to tourists and thus a thriving economy with the Lira in circulation.
Against
  1. Similarities between Erdogan's rhetoric and others like Chavez who we have seen sink their country into dirt.
  2. Doesn't seem like Erdogan will be backing down any time soon and we sure know that backing down isn't in Trump's list of things to do.
  3. Erdogan's plea to the Turkish people to sell their USD to keep the Lira afloat - He has a lot to support in Turkey so this might just play a role.
As I said before this list is by no means complete and I have zero experience in Forex and underestanding how world events influence the value of currencies, so please add and correct anything or everything written and make as much fun of me as you like. I want to improve my learning curve and so I came to you guys directly. It is an honour to me among you.
submitted by Themjcg9 to Forex [link] [comments]

Turkish lira tumbles 5 percent, central bank acts on swap limits

This is the best tl;dr I could make, original reduced by 55%. (I'm a bot)
ANKARA - The Turkish lira plunged as much as 5 percent against the dollar on Thursday as investors continued to fret about moves by Turkish authorities to withhold lira liquidity from the London market.
The central bank has made a series of moves to underpin the lira this week and bankers said it took a fresh step on Thursday, raising its total lira swap sale limit to 30 percent from 20 percent for swap transactions that have not matured.
It had raised the limit to 20 percent on Monday from 10 percent in a move aimed at increasing the bank's forex reserves, which fell sharply in the first two weeks of March.
The London overnight swap rate plunged to 180 percent on Thursday, Refinitiv Eikon data showed.
The cost of Turkey's debt rose, with the yield on the benchmark 10-year bond climbing to 19.12 percent from 18.21 percent on Wednesday.
The main Istanbul share index, which weakened more than 12 percent in the week to Wednesday's close, rose 0.75 percent on Thursday morning.
Summary Source | FAQ | Feedback | Top keywords: percent#1 lira#2 bank#3 Wednesday#4 week#5
Post found in /worldnews.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

Bitcoin Volume as a Bellwether to Unrest in Turkey

In the words of Confucius, “if you study the past, you define the future.” While this statement can be made applicable for many aspects of life, in none does it ring truer than political unrest and revolution. From protest in the streets to economic turmoil, political unrest (no matter where on earth you may find it) can shake the world’s socio-political and socio-economic pillars through and through. Furthermore, like the infamous Arab Spring and many other uprisings, political unrest and economic turmoil almost certainly lead to a change of power and regime. This sort of unrest can now be seen first-hand in many regions, however, it is the uprising in Turkey that should truly capture the eye of global governments and citizens alike, as it has quickly become a crucial turning point for the once theoretical concept of the use of Cryptocurrency as a state-wide currency, despite there already being a standard Fiat currency in Turkey – the Turkish Lira.
For over 15 years now, Turkey’s Erdogan has lead the nation with the Iron fist of dictatorship in both the Prime Minister (2013-2014) and Presidential (2014-Present) positions. In June of 2018, Erdogan won his latest re-election with a vote of 52.4%. Despite this number (and the election in general), has been called corrupt, unjust, or fixed by many within Turkey and around the world, Erdogan had continued to coral power throughout the region. Furthermore, although Erdogan may be extremely powerful within Turkey, his blatantly dictatorial actions have made him a pariah on the world stage and has led to super powers like the United States imposing harsh sanctions on the nation.
While Erdogan’s poor leadership and dictatorial mindset can certainly be blamed for the current economic downfall of turkey – with the Turkish Lira losing value at a current rate of 3.3889-6.6870 Lira/USD in the past year alone – it can certainly be said that the sanctions (and warning of sanctions) by the United States has been far from helpful for the nation’s desperate population or chaotic state. Although such economic hardships and downturns almost never affect the elite / ruling class, the every-day-Joe Turkish citizen is suffering greatly under an abusive regime, a failing economy, and the restrictions that come with a 9.6% unemployment rate throughout the nation. Furthermore, while many citizens may want to protect their assets by investing in foreign currency as the Lira falls, Turkey’s Erdogan has recently called for all citizens to sell their foreign currencies in an effort to prop up the Turkish Lira – stating that the government will confiscate your money when we find it.”
So then, what might be the solution for the Turkish people? Their economy is failing, their nation is being hampered by international sanctions, and they’re living their lives under the thumb of an extremely oppressive regime, how might they help (or even save) themselves? Most Turkish citizens seem now to be turning toward Bitcoin and other cryptocurrencies for financial security and relief. This flood of cryptocurrency is not unique toward Turkey however, in fact, through analysis and comparisons of both cryptocurrency exchanges and Forex pairings, one may note the sudden influx of cryptocurrencies in places like the Korea, Poland, Russia and Turkey – which makes sense, as all of these places are seeing some level of unrest amongst their populations.
If seen as a store of value, rather than a viable money-making investment, (which, in reality, is what Bitcoin should be seen as and is), one might ask the question: “Why would people who feel safe / secure with their nation and its economy need to store their money in anything other than the currency of the country?” Furthermore, once the cross-examination of cryptocurrency markets and Forex markets are accompanied by news reports of injustice and civil unrest, it may become extremely clear what’s going on in these nations. Furthermore, this may be used in the future as an indicating factor for civil wars – as usually economic downturn turns the military on its leaders and a coup begins, especially if the people are on their side.
While such links are, for now, theoretical, as time unravels the fate of Turkey’s current dictator, it’ll undoubtedly be extremely interesting to see how cryptocurrencies may continue to play a role in either the potential regime change or whatever else might come. After all, when looking for clues one should always “Follow the money”.
submitted by profblockchaindfw to economy [link] [comments]

[Banned] /r/worldnews/: Turkey's lira falls 3 percent, Trump won't take pastor's detention 'sitting down'

I was banned from /worldnews/. Here's what I would have said in response to this post:
When I first saw this article from reuters.com, its title was:
Turkey's lira weakens 4 percent, Trump says won't take pastor's detention 'sitting down'
Here are some other articles about this story:
I am a bot trying to encourage a balanced news diet.
These are all of the articles I think are about this story. I do not select or sort articles based on any opinions or perceived biases, and neither I nor my creator advocate for or against any of these sources or articles. It is your responsibility to determine what is factually correct.
submitted by alternate-source-bot to alt_source_bot_log [link] [comments]

Dollar dips after weak US data, Turkish hike supports emerging currencies

This is the best tl;dr I could make, original reduced by 60%. (I'm a bot)
Emerging currencies, like the South African rand and the Mexican peso, held onto to gains having surged, as investors in emerging markets registered relief that Turkey's central bank had hiked its policy rate to 24 percent to restore confidence in the lira.
The greenback took a hit overnight after the U.S. consumer price index, the government's broadest inflation gauge, rose just 0.2 percent in August and less than the 0.3 percent projected by analysts in a Reuters poll.
The dollar's index against a basket of six major currencies was a shade lower at 94.491 after slipping 0.3 percent on Thursday, when it touched 94.428, its lowest since Aug. 31.
The euro inched up 0.05 percent to $1.1695 after gaining more than 0.5 percent overnight when it brushed a two-week high of $1.1701.
The lira surged after Turkey's central bank raised its benchmark one-week repo rate by 625 basis points to 24 percent on Thursday, in a bid to stabilize the currency, which had slumped to a record low against the dollar a month ago.
Following the lira's rally, the South African rand gained 1.3 percent against the dollar on Thursday and the Mexican peso rose 1 percent.
Summary Source | FAQ | Feedback | Top keywords: percent#1 dollar#2 currency#3 rate#4 gain#5
Post found in /worldnews.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

[Banned] /r/worldnews/: Turkey accuses US of 'stab in the back'

I was banned from /worldnews/. Here's what I would have said in response to this post:
When I first saw this article from bbc.com, its title was:
Turkey takes action in bid to curb currency crisis
Here are some other articles about this story:
I am a bot trying to encourage a balanced news diet.
These are all of the articles I think are about this story. I do not select or sort articles based on any opinions or perceived biases, and neither I nor my creator advocate for or against any of these sources or articles. It is your responsibility to determine what is factually correct.
submitted by alternate-source-bot to alt_source_bot_log [link] [comments]

[Discussion] Should Turkey help Greece with its financial crisis?

In the news: There have been basically two sources of this speculation. Firstly, the ideological-allies of Syriza in Turkey, HDP, have obviously said we should bailout Greece. They don't care about the Turk-Greek conflicts of the past so, yeah there's that. But the government has also spoken very briefly of it.
Both contexts are in this article. http://www.todayszaman.com/business_turkey-discusses-helping-greece-pay-its-debts_392429.html
As an economics student entering his final year in university, I think I can help the discussion a bit by laying some things out.
Now this is all assuming Greeks accept publicly receiving assistance from remove-kebab-isis-supporting Törkiye. But it would totally help us diplomatically in Cyprus and in the Aegean by being like "hey.. uhh greeks, we're actually not going to invade you guys. we kinda like you more than you like us?" and help us bring them to the negotiation table genuinely.
So what do you guys think? Keep in mind, though, none of these scenarios are a donation to Greece but a loan. Just like with any other loan there are risks but it isn't a donation. I don't live in Turkey for the record, so I'm interested in what European Turks and Türkiyelis think.
I'm totally down to discuss the nerdy/dorky specifics regarding the Greek crisis if anyone is interested in the comments. This post is long enough as it is, but i'm down lol
submitted by NotVladeDivac to Turkey [link] [comments]

[Banned] /r/worldnews/: Turkey president says US has launched 'attempted economic coup' as currency reels

I was banned from /worldnews/. Here's what I would have said in response to this post:
Here are some other articles about this story:
I am a bot trying to encourage a balanced news diet.
These are all of the articles I think are about this story. I do not select or sort articles based on any opinions or perceived biases, and neither I nor my creator advocate for or against any of these sources or articles. It is your responsibility to determine what is factually correct.
submitted by alternate-source-bot to alt_source_bot_log [link] [comments]

[Banned] /r/politics/: Turkey president says US has launched 'attempted economic coup' as currency reels

I was banned from /politics/. Here's what I would have said in response to this post:
Here are some other articles about this story:
I am a bot trying to encourage a balanced news diet.
These are all of the articles I think are about this story. I do not select or sort articles based on any opinions or perceived biases, and neither I nor my creator advocate for or against any of these sources or articles. It is your responsibility to determine what is factually correct.
submitted by alternate-source-bot to alt_source_bot_log [link] [comments]

[Banned] /r/worldnews/: Turkey president says US has launched 'attempted economic coup' as currency reels

I was banned from /worldnews/. Here's what I would have said in response to this post:
Here are some other articles about this story:
I am a bot trying to encourage a balanced news diet.
These are all of the articles I think are about this story. I do not select or sort articles based on any opinions or perceived biases, and neither I nor my creator advocate for or against any of these sources or articles. It is your responsibility to determine what is factually correct.
submitted by alternate-source-bot to alt_source_bot_log [link] [comments]

[Banned] /r/worldnews/: Trump asks jailed pastor to be "patriot hostage" as U.S.-Turkey feud escalates

I was banned from /worldnews/. Here's what I would have said in response to this post:
When I first saw this article from cbsnews.com, its title was:
Turkey row escalates, Trump asks jailed Pastor Andrew Brunson to be "patriot hostage"
Here are some other articles about this story:
I am a bot trying to encourage a balanced news diet.
These are all of the articles I think are about this story. I do not select or sort articles based on any opinions or perceived biases, and neither I nor my creator advocate for or against any of these sources or articles. It is your responsibility to determine what is factually correct.
submitted by alternate-source-bot to alt_source_bot_log [link] [comments]

Turkey's Erdogan calls interest rates mother of all evil

This is the best tl;dr I could make, original reduced by 58%. (I'm a bot)
ISTANBUL - Turkish President Tayyip Erdogan called for lower interest rates on Friday and described them as the "Mother and father of all evil", triggering a fresh slide in the lira as investors worried about the central bank's ability to rein in high inflation.
"If my people say continue on this path in the elections, I say I will emerge with victory in the fight against this curse of interest rates," Erdogan said in a speech to business people in Ankara, referring to snap elections on June 24.
"Because my belief is: interest rates are the mother and father of all evil."
Thursday's rebound in the lira was driven by news that Erdogan had held an unscheduled meeting of his economic team to address the sell-off in the currency, which has fallen more than 11 percent against the U.S. currency this year.
At the meeting, Erdogan and the economic team agreed to take measures to help shield the lira.
Cemil Ertem, one of Erdogan's top economic advisers, said on Friday the central bank would continue to use all instruments to address exchange rate volatility, but that forex rates were not the only factor determining policy.
Summary Source | FAQ | Feedback | Top keywords: rate#1 bank#2 lira#3 percent#4 central#5
Post found in /worldnews.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

Turkish Central Bank Raises Interest Rates

This is an automatic summary, original reduced by 52%.
The Monetary Policy Committee of the Turkish central bank - lead by Governor Murat Cetinkaya and five other members - shocked currency markets today by raising overnight lending interest rates from 8.5 percent to 9.25 percent.
News of the decision sent the Turkish lira crashing 2.25% against the dollar in the space of just five minutes!
The lira pared most of the initial losses in the hours following the announcement at press time, Turkey's currency is still trading 1 percent lower on the day.
The Turkish central bank also left the borrowing rate and one-week repo rate at 7.25 percent and 8 percent respectively.
The MPC made the decision to raise the Late Liquidity Window Interest Rates, which commercial lenders are forced to borrow at, from 10 percent to 11 percent.
Since the start of 2017, the lira's exchange rate against the greenback has stabilized between 3.74 and 3.825, but it remains to be seen if this stability can be maintained throughout the rest of the year.
Summary Source | FAQ | Theory | Feedback | Top five keywords: percent#1 rate#2 Turkish#3 currency#4 lira#5
Post found in /worldnews.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

Turkey’s Desperate President

This is an automatic summary, original reduced by 68%.
Turkey's president Recep Tayyip Erdogan is a desperate man.
A prominent member of the "Friends of Turkey" group in the European Parliament concluded that Islamism had replaced Kemalism and another cheerleader confessed: "Our dream of a European Turkey has turned into a nightmare and it is time for a wake-up call." Barack Obama, who once touted "a model partnership" between the US and Turkey and considered Erdogan a moderate Muslim leader, is also disillusioned.
There is a curious reluctance on the part of the Turkish government to carry out an in-depth investigation of the coup, but the blame has been put unequivocally on an erstwhile ally, Fethullah Gülen, a reclusive Turkish imam resident in Pennsylvania, and the cadres of his movement, which enabled Erdogan and the AKP to come to and hold power.
Since July last year Turkey has reignited its war with the PKK in the southeast, and there have been terror attacks not only from the PKK but also Turkish members of ISIL. Erdogan's overall aim, which is now within reach, is to gain parliamentary support for a constitutional change which will make him executive president but without the checks and balances of democratic rule.
Moody's has downgraded Turkey's credit rating to junk and President Erdogan has called on Turks to change their forex into lira and gold to save the economy.
Erdogan's nemesis could well be the USA. A key figure in the December 2013 corruption allegations against the Turkish government is Iranian-Turkish businessman, Reza Zarrab, who was accused of bribing ministers with millions of dollars to facilitate the export of gold to Iran to break US sanctions.
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Turkish lira exchange rate 15.03.2019 ...  Currencies and banking topics #88 Turkish Lira Currency Exchange Rates - YouTube #Currency special part 80: Turkish Lira Exchange rates for Turkish Lira over the past 21 years ... INDIAN RUPEE VS TURKISH LIRA - TURKEY CURRENCY VS INDIAN ... USD/TRY Analysis 2019 Forex Turkish Lira Price Prediction ... Today open market currency rates,turkey currency,Turkish ... The Turkish Lira Proves Currencies and Interest Rates Are ... Usd to lira I united states dollar to turkish lira exchange rate today  dollar to lira

The Turkish Lira is the currency of Turkey. Our currency rankings show that the most popular Turkey Lira exchange rate is the USD to TRY rate. The currency code for Lira is TRY, and the currency symbol is TL. Below, you'll find Turkish Lira rates and a currency converter. Turkish lira (TRY) See both the current exchange rate for Turkish lira (TRY) and the currency's historical development over time against the Swedish Krona. You can choose your own time span in the graph from 2012 to today's date. We also list the countries where Turkish lira (TRY) is primarily used currency. Turkish lira (TRY) See both the current exchange rate for Turkish lira (TRY) and the currency's historical development over time against the Euro. You can choose your own time span in the graph from 2012 to today's date. We also list the countries where Turkish lira (TRY) is primarily used currency. In finance, an TRY to USD exchange rate is the Turkish Lira to >US Dollar rate at which Turkish Lira to US Dollar will be exchanged for another. It is also regarded as the value of TRY to USD in relation to another currency. For example, an interbank exchange rate of 114 Japanese yen to the United States dollar means that ¥114 will be exchanged for each US$1 or that US$1 will be exchanged for ... Turkish Lira exchange rates and currency conversion. Turkey currency (TRY). Track Lira forex rate changes, track Lira historical changes. Directory of best currency transfer providers, compare to exchange rates when sending money from Turkey In finance, an USD to TRY exchange rate is the US Dollar to >Turkish Lira rate at which US Dollar to Turkish Lira will be exchanged for another. It is also regarded as the value of USD to TRY in relation to another currency. For example, an interbank exchange rate of 114 Japanese yen to the United States dollar means that ¥114 will be exchanged for each US$1 or that US$1 will be exchanged for ... Turkish Lira Latest Exchange Rate: Convert from: Convert to: Exchange rate: Last update: Custom conversion: Turkish Lira: British Pound: 0.10 12/11/2020 Convert Lira to Pound: Turkish Lira: US Dollar: 0.13 12/11/2020 Convert Lira to Dollar: Turkish Lira: Euro: 0.11 12/11/2020 Convert Lira to Euro: Turkish Lira: Japanese Yen: 13.62 12/11/2020 Convert Lira to Yen: Turkish Lira: 17.77 12/11/2020 ...

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Turkish lira exchange rate 15.03.2019 ... Currencies and banking topics #88

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