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The Grand Turk
Erdogan tells Turks to buy free-falling lira as Trump doubles metals tariffs
2018-08-10
President Tayyip Erdogan told Turks on Friday to exchange gold and dollars into lira, with the country's currency in free fall after President Donald Trump turned the screws on Ankara by doubling tariffs on metals imports.
Posted by:g(r)omgoru

#5  And tomorrows will be:
1) Tapistry
2) Coffee
3) Societal Collapse
Posted by: Anomolous Sources   2018-08-10 22:39  

#4  Today's words in Turkish are:
1) towel
2) taffy
3) economic collapse
Posted by: SteveS   2018-08-10 18:07  

#3  Tier 1 Ratio = A bank's core capital divided by its risk-weighted assets.

Austrian banks typically have almost 3-4 times the capital assets in relation to their liabilities.
Posted by: Mullah Richard   2018-08-10 14:40  

#2  Actually, Austria has a more anonymous banking system than the Swiss.

And better capitalized with a Tier 1 ratio approaching 400%.
Posted by: Mullah Richard   2018-08-10 14:22  

#1  I wonder how many Euros he has salted away in Swiss numbered accounts...?
Posted by: magpie   2018-08-10 13:02  

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