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| The Grand Turk |
| Turkish lira weakens against dollar, minister warns on sanctions |
| 2018-08-30 |
| [DAWN] The ...the only place on the face of the earth that misses the Ottoman Empire.... ’s efforts to manage its rift with the United States after Finance Minister Berat Albayrak warned US trade sanctions against Ankara could destabilise the Middle East. The row with Washington over an American evangelical Christian pastor detained in Turkey on terrorism charges has accelerated losses in the lira, which is down about 38 per cent against the dollar this year. More broadly, investors are worried about the direction of monetary policy under President Tayyip Erdogan. The president, a self-described "enemy of interest rates" has repeatedly put public pressure on the central bank and picked Albayrak, his son-in-law, as finance minister. |
| Posted by:Fred |
| #5 Turkish Lira went down again today. It is now below $0.15. As of this post you can get a round trip ticket between NY and Istanbul for $650.00 If you are cruising and stop at the port of Izmir, you can probably get silk at a fabulous price. |
| Posted by: lord garth 2018-08-30 12:46 |
| #4 Another day another proof that The US State Department is the same and Trump isn't Obama. |
| Posted by: magpie 2018-08-30 09:45 |
| #3 Time to buy apple futures. |
| Posted by: Skidmark 2018-08-30 09:29 |
| #2 smash that $1000 iPhone, idiots |
| Posted by: Frank G 2018-08-30 09:14 |
| #1 The best part is that Erdogan's supporter have been told to convert US dollars to lira. I hope they keep doing it |
| Posted by: bernardz 2018-08-30 06:54 |