Article

2021-05-04 The Grand Turk

Institute of International Finance raised its “fair value” estimate for Turkey’s lira to 9.50 versus the dollar from 7.50

[PUBLISH.TWITTER]

The Institute of International Finance raised its “fair value” estimate for #Turkey’s lira to 9.50 versus the dollar from 7.50 due to “a sharp deterioration of sentiment” since March, its chief economist Robin Brooks says.https://t.co/Af7xjUw2sn
— Al Arabiya English (@AlArabiya_Eng) May 3, 2021

Posted by Fred 2021-05-04 00:00|| || Front Page|| [11136 views ] Top
File under: Sublime Porte

#1 The fair value was “ lowered” not raised. If it takes 9.5 Turkish Lira to buy a dollar vs 7.5, the value of the Lira has dropped against the dollar., not increased.

Posted by Dacama 2021-05-04 07:57|| 2021-05-04 07:57|| Front Page Top

#2 ..I'm sure those in the White House and Nancy's Congress are working mightily to bring 'equity' to the issue. Keep those printing presses rolling boys!

Posted by Procopius2k 2021-05-04 08:14|| 2021-05-04 08:14|| Front Page Top

#3 the Turkish Lira has been in a long slump.

official rate was about 2 Lira per dollar back in 2013

so buy imported figs (lots of fiber)

Posted by Lord Garth 2021-05-04 09:12|| 2021-05-04 09:12|| Front Page Top

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