dBSPL
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1 USD = 6 TRY (15.08.18)
Last week , it was 7.1. Most probably , will be 5.50 TRY tomorrow.
End of year , may be 8.5
The main problem is not the high exchange rate policy.
Turkey is a country of tourism and construction, this situations causing many entries when you will cut rates higher imports. If Turkey can support it with the manufacturing industry, it can catch realistic growth that is not based on imports. What I mean is not the intermediate product, but the final product that will belong to IP rights country.
The most extreme example is 1 USD = 7 Yuan. The low-value domestic currency can be a valuable weapon in the hands of smart economists. Many Asian economies are trying to follow the Chinese model.
Our main problem is high volatility based on speculation. Our economy is not as strong against external attacks as it is not on solid foundations like China or Russia. Of course there are structural problems in the economy, but the main cause which raises the dollar certainly has other factors.
Last week , it was 7.1. Most probably , will be 5.50 TRY tomorrow.
End of year , may be 8.5
The main problem is not the high exchange rate policy.
Turkey is a country of tourism and construction, this situations causing many entries when you will cut rates higher imports. If Turkey can support it with the manufacturing industry, it can catch realistic growth that is not based on imports. What I mean is not the intermediate product, but the final product that will belong to IP rights country.
The most extreme example is 1 USD = 7 Yuan. The low-value domestic currency can be a valuable weapon in the hands of smart economists. Many Asian economies are trying to follow the Chinese model.
Our main problem is high volatility based on speculation. Our economy is not as strong against external attacks as it is not on solid foundations like China or Russia. Of course there are structural problems in the economy, but the main cause which raises the dollar certainly has other factors.
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