Turkey
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king arthur

Original Poster:

7,673 posts

284 months

Tuesday 4th January 2022
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It's the country with the 19th largest GDP, but its economy is unravelling. With the Turkish Lira in free fall, inflation hitting 20%, and yet Erdogan's regime actually hell bent on lowering interest rates..what happens next? What will be the global implications and will it be the only country this happens to in 2022?

voyds9

8,490 posts

306 months

Wednesday 5th January 2022
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Cheap holidays if the regime remains stable but you may have to pay in Euro's

DukeDickson

4,745 posts

236 months

Wednesday 5th January 2022
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Everything is just fine, nothing to see here, not happening anywhere at all rolleyes.

Ouroboros

2,371 posts

62 months

Wednesday 5th January 2022
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king arthur said:
but its economy is unravelling. With the Turkish Lira in free fall, inflation hitting 20%,
Sounds like the UK in 6 months.


mko9

2,908 posts

235 months

Wednesday 5th January 2022
quotequote all
king arthur said:
It's the country with the 19th largest GDP, but its economy is unravelling. With the Turkish Lira in free fall, inflation hitting 20%, and yet Erdogan's regime actually hell bent on lowering interest rates..what happens next? What will be the global implications and will it be the only country this happens to in 2022?
That would be the New Turkish Lira (YTL, yeni = new), because they added so many zeros to the old Turkish Lira they had to start over back in the late 90s/early 00s.