Cyprus-Forum.com

[Get Real!]

big wow - i am devastated

Like we said in the past... they can always knock a bunch of digits off and rename it, you know like the "extra-new-Lira" or something.

Problem solved!

[Kikapu]

big wow - i am devastated

You should be if you are holding onto your TLs waiting for it to make a comeback in a big way.

[Kikapu]

This just has been released few minutes minutes ago.

The Turkish Lira Is Getting Destroyed

By Joe Weisenthal
Business Insider
8 minutes ago

Almost everywhere all around the world markets are quiet.

There's one exception: Turkey.

The Erdogan government is facing a massive corruption crisis, and the Turkish Lira is getting crushed.

Here's a look at the dollar vs. the Lira over the last week. You can see the big spike today in the dollar relative to the Lira, as investors are dumping lira the moment they wake up.

XE.com

In the world of currencies this is a major collapse.

http://www.businessinsider.com/turkish- ... ed-2013-12

[Lordo]

big wow - i am devastated

Like we said in the past... they can always knock a bunch of digits off and rename it, you know like the "extra-new-Lira" or something.

Problem solved!

well done you actually understand. see shitapoo is not as clever as you. extra new terkis lira sounds just fine

i will hold on for a while before i start buying dont you worry your little mind shitapoo.

[Maximus]

This just has been released few minutes minutes ago.

The Turkish Lira Is Getting Destroyed

By Joe Weisenthal
Business Insider
8 minutes ago

Almost everywhere all around the world markets are quiet.

There's one exception: Turkey.

The Erdogan government is facing a massive corruption crisis, and the Turkish Lira is getting crushed.

Here's a look at the dollar vs. the Lira over the last week. You can see the big spike today in the dollar relative to the Lira, as investors are dumping lira the moment they wake up.

XE.com

In the world of currencies this is a major collapse.

http://www.businessinsider.com/turkish- ... ed-2013-12

Who would have guessed it.

[Maximus]

big wow - i am devastated

Like we said in the past... they can always knock a bunch of digits off and rename it, you know like the "extra-new-Lira" or something.

Problem solved!

well done you actually understand. see shitapoo is not as clever as you. extra new terkis lira sounds just fine

i will hold on for a while before i start buying dont you worry your little mind shitapoo.

You might have a few extra liras in your pocket if you are coming from Europe, lucky you. I am happy for you.....

[bill cobbett]

Yes, unbelievable... in just a few hours of trading this morning,...

the Bankrupt Turkish Lira has lost 5.5% of its value against the GB£.

Still, the Mushrooms like VP won't believe the demise of the Great Economy of Turkiye, isn't that right VP...???

[Maximus]

Yes, unbelievable... in just a few hours of trading this morning,...

the Bankrupt Turkish Lira has lost 5.5% of its value against the GB£.

Still, the Mushrooms like VP won't believe the demise of the Great Economy of Turkiye, isn't that right VP...???

The mushrooms will end up eating mushrooms and there is still a lot of economic unraveling to do.

[bill cobbett]

Bloomberg reporting today on the dumping of Turkish Bonds...

"... Foreigners are dumping Turkish bonds at the fastest pace in two years, deepening a selloff that’s putting a blot on Prime Minister Recep Tayyip Erdogan’s image as the architect of the country’s economic turnaround.

International investors pared their holdings of Turkish debt by $532 million to a three-month low of $53.8 billion in the week through Dec. 20 after selling a net $1.38 billion the week before, the central bank said yesterday. They’ve cut their holdings from a record $72 billion in May. ..."

Moves which according to one expert...

“... significantly undermines the facade of economic competence that the administration has so carefully constructed in recent years,” Michael Shaoul, the chief executive officer of Marketfield Asset Management LLC in New York, which oversees about $17 billion, said in e-mailed comments..."

http://www.bloomberg.com/news/2013-12-2 ... rowth.html

[Kikapu]

Thank Turkey for the euro's spike versus dollar

Published: Friday, 27 Dec 2013 | 10:10 AM ET
By: Ben Berkowitz | Deputy Managing Editor - News

The euro hit a two-year high against the dollar on Friday and, by the grace of geopolitics, investors can thank the Turkish lira for the spike.

The euro touched $1.3894 in morning trade, its highest level since November 2011. The currency is up 2 percent just this week.

"We remain bearish on Turkish assets, as (we) still think the political tensions could get worse before they get better," Brown Brothers Harriman currency strategists said in a note.

http://www.cnbc.com/id/101298715