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Turkey's Foreign trade deficit soars by 79.2 percent in June

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Re: Turkey's Foreign trade deficit soars by 79.2 percent in

Postby Maximus » Sun Mar 01, 2015 7:47 pm

Lordo wrote:what is really interesting is that fact that since you started this thread, griis and groc have gone to the dogs and terggy is still standing.

what a plonker you turned out to be hey.


The average Greek and Cypriot still earns more than the average Turk and Northern Turkish republican though.

Turkey will have another currency crisis soon.
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Re: Turkey's Foreign trade deficit soars by 79.2 percent in

Postby kurupetos » Sun Mar 01, 2015 8:55 pm

Lordo wrote:what is really interesting is that fact that since you started this thread, griis and groc have gone to the dogs and terggy is still standing.

what a plonker you turned out to be hey.

WTF? :? I don't see any dogs. :lol:
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Re: Turkey's Foreign trade deficit soars by 79.2 percent in

Postby Kikapu » Sun Mar 01, 2015 9:32 pm

Lordo wrote:what is really interesting is that fact that since you started this thread, griis and groc have gone to the dogs and terggy is still standing.

what a plonker you turned out to be hey.


Just for your information, I did not start this thread. Then again, attention to details has not been your forte, has it? :roll:
Last edited by Kikapu on Sun Mar 01, 2015 9:45 pm, edited 1 time in total.
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Re: Turkey's Foreign trade deficit soars by 79.2 percent in

Postby Kikapu » Sun Mar 01, 2015 9:44 pm

More bad news on the export front for Turkey.... again, despite more depreciation of the Turkish Lira.

Weren't we were told by VP and Erdogan that devalued TL will increase export? Oops!


Turkey’s exports decrease by 13 pct upon forex changes

Turkey’s exports decreased to $10.4 billion in February, a 13 percent drop from the same month of the previous year, mainly due to the loss in the Turkish Lira’s value, the Turkish Exporters’ Assembly (TİM) announced on March 1.

The country’s exports also declined by 6.7 percent to $22.8 billion in the first two months of this year from the same period of 2014, TİM said by a written statement.

http://www.hurriyetdailynews.com/turkey ... sCatID=344
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Re: Turkey's Foreign trade deficit soars by 79.2 percent in

Postby Jerry » Sun Mar 01, 2015 10:21 pm

Lordo wrote:what is really interesting is that fact that since you started this thread, griis and groc have gone to the dogs and terggy is still standing.

what a plonker you turned out to be hey.


Oi, get it right, I started this thread. I was going to invite you to dinner for a laugh but consider it withdrawn now. :cry:
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Re: Turkey's Foreign trade deficit soars by 79.2 percent in

Postby Kikapu » Mon Mar 02, 2015 5:52 am

No wonder the Turkish Lira is in the toilet when Erdogan makes such remarks. :roll:

Erdogan and Lordo must have both went to the same school of economy! :lol:

Erdoğan also repeated his unorthodox claim that interest rates are the cause of high inflation.
“I don’t have to say what others say. I say that interest rates are the cause and inflation is the result.
This is my thesis. [Başçı] says the opposite. He says interest rates will be lowered if the inflation drops.
This is the sign that [he] is on the wrong path,” he said.

http://www.hurriyetdailynews.com/econom ... sCatID=338
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Re: Turkey's Foreign trade deficit soars by 79.2 percent in

Postby Kikapu » Mon Mar 02, 2015 6:15 am

Here is an intelligent report on Politics & Economics in Turkey that's worth reading.

Interest rate-foreign exchange rate conflict under the shadow of politics
Mustafa Sönmez

In Turkey’s economic agenda, as in several other emerging countries, there has been a conflict going on for a long time about the price of the interest rate and foreign currency. The price of foreign currency is determined by domestic and external dynamics at the end, but when it comes to the interest rate, the political will wants to take the independent Central Bank under its influence and make it do what it wants. However, wanting is not enough and the sharp wind of the market can seriously knock down this ambition.

For the international investor who was looking for a place to land in the world markets shrunken by the 2007-2008 global crisis, Turkey became an attractive address, especially in the years 2010 and 2011.
The volume of foreign currency grew by the inflow of foreign investments, pushing the exchange rates down. This situation also pulled down the interest rates.

In an economy oriented toward the domestic market, interest rates on consumer loans, which the consumer primarily uses for buying homes and automobiles, also followed a low course, making the mechanism work. However, after the domestic market-oriented growth expanded the current account deficit problem and when Turkey started having current account deficits reaching 8 – 9 percent of its national income, the brakes were pulled in 2012. In 2013, the pace did not catch up. :arrow: :arrow: :arrow: :arrow:

http://www.hurriyetdailynews.com/intere ... sCatID=344
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Re: Turkey's Foreign trade deficit soars by 79.2 percent in

Postby Lordo » Mon Mar 02, 2015 10:33 am

who said anything about you starting this thread, how bloody self centred are you ffs.
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Re: Turkey's Foreign trade deficit soars by 79.2 percent in

Postby Jerry » Mon Mar 02, 2015 11:28 am

Lordo wrote:who said anything about you starting this thread, how bloody self centred are you ffs.


Turkey's Foreign trade deficit soars by 79.2 percent in June
1 ... 484950Attachment(s) by Jerry » Sat Jul 30, 2011 12:17 pm

It's there in black and white - stupid!
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Re: Turkey's Foreign trade deficit soars by 79.2 percent in

Postby Kikapu » Mon Mar 02, 2015 11:41 am

Lordo wrote:who said anything about you starting this thread, how bloody self centred are you ffs.


In the same way you are now addressing the above post to me without mentioning my nick, in the same way you did previously stating that I had started this thread and also calling me a "plonker". :roll:

Are you now saying Jerry is the "plonker"?

If so, he is really not going to invite you for dinner now. :lol:
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