Turkey lira collapse - lesson for savers - Printable Version

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Turkey lira collapse - lesson for savers - sgbuffett - 14-12-2021

Those who save money or keep cash all kena debased.

https://www.aljazeera.com/economy/2021/12/13/turkish-lira-falls-to-new-low-central-bank-intervenes

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RE: Turkey lira collapse - lesson for savers - ArielCasper - 14-12-2021

Mas won't let that happened, because their biggest gold mine, CPF, is in SGD.

If gold mine dropped value, lesser money they can borrow cheaply from CPF.

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RE: Turkey lira collapse - lesson for savers - cityhantam - 14-12-2021

Kena "harvested" by Assmerica!

Recep Tayyip Erdoğan is not smart, not wise!

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RE: Turkey lira collapse - lesson for savers - theold - 14-12-2021

Turkey currency will likely recover back. But if you hold their currency now, you might have to go to their country to change their currency. The old currency maybe phase out once their currency recovered.

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RE: Turkey lira collapse - lesson for savers - debono - 14-12-2021

(14-12-2021, 11:14 AM)cityhantam Wrote:  Kena "harvested" by Assmerica!

Recep Tayyip Erdoğan is not smart, not wise!

So it is wiser and safer to keep the green back......?

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RE: Turkey lira collapse - lesson for savers - theold - 14-12-2021

Now is the good time to travel there. A multi-cultural society where the East meets the West.

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RE: Turkey lira collapse - lesson for savers - maxsanic - 14-12-2021

Turkish Lira is free float, not comparable to SGD. Unless there are signs of deterioration of the assets backing SGD that impede MAS ability to manage float, Turkey experience is not applicable to us.

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