Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


2 posters

    After the central bank's decision .. Turkish Lira in the wind

    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 267039
    Join date : 2012-12-21

    Bank - After the central bank's decision .. Turkish Lira in the wind Empty After the central bank's decision .. Turkish Lira in the wind

    Post by Rocky Wed Dec 21, 2016 6:04 am

    After the central bank's decision .. Turkish Lira in the wind





    Economy News / Continue ...


    Entered the Turkish currency (lira) fluctuations in accelerated phase after the Turkish central bank's decision Tuesday to keep the interest rate unchanged, while the other is expected to raise interest rates just like the bank's decision last month when he filed for the first time in nearly three years.
    The pound rose nearly 1 percent against the dollar before the Bank's decision, despite the psychological impact of the assassination of the Russian ambassador in Ankara on the dealers, to come back down after the bank's decision and up to 3.54 pounds to the dollar.

    Regarding monetary policy experts believe that the bank needs to raise interest rates to support the currency, sees Turkish president, Recep Tayyip Erdogan, that the central bank not to raise interest rates, if not reduced.

    The decision to raise interest rates in November, failed to support the lira, which reached its lowest value in the first week of December at 4.58 pounds to the dollar.

    Analysts attributed this to the rise in oil prices and political turmoil after the OPEC agreement and producers from outside the production-control.

    The Turkish lira has lost 17.5 percent of its value this year, of which nearly five percent in the past month alone.

    According to the Financial Times newspaper, the Turkish lira has become the second-worst performance of the currencies of emerging economies in 2016 after the Argentine peso.


    http://economy-news.net/content.php?id=6171
    Screwball
    Screwball
    Interacting Investor
    Interacting Investor


    Posts : 3484
    Join date : 2012-12-19

    Bank - After the central bank's decision .. Turkish Lira in the wind Empty Re: After the central bank's decision .. Turkish Lira in the wind

    Post by Screwball Wed Dec 21, 2016 6:05 am

    No idea about monetary policy...one messed up country not to mention supporting Isis!

      Current date/time is Thu Mar 28, 2024 6:19 am