Joe Fan
10,000+ Posts
Turkey has been in economic trouble for awhile. Erdogan has made all sorts of odd orders/decrees that have hit the financial sector hard, which has rippled through every sector. For example, the banks were made to take all USDs out of the economy. Their CB is in trouble.
The Lira
I have a friend in Turkey, this is what she said just today about their econ
we are having the worst recession since my childhood, nobody has any money, literally, even the government is not paying. Even the rich is cash poor. Everybody on edge.
Last week, the market (in my office) next door got robbed. A guy stole one beer, got caught and cashier's foot got stubbed. For just one beer.
I bought some dollars for myself. I don't have the connection at home. it has been a month. such a *****
ME: No net at home ? Why
not for a month, and I can't even use my phone downstairs. I am in the living room watched the tv conference live, connected my phone's internet to the laptop
And she lives in Ankara, the capitalLast week, the market (in my office) next door got robbed. A guy stole one beer, got caught and cashier's foot got stubbed. For just one beer.
I bought some dollars for myself. I don't have the connection at home. it has been a month. such a *****
ME: No net at home ? Why
not for a month, and I can't even use my phone downstairs. I am in the living room watched the tv conference live, connected my phone's internet to the laptop
Anyways, point being the Turkish econ econ sucks
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