A sudden flash! Is the Turkish lira cool again?-Shanghai Metals Market

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A sudden flash! Is the Turkish lira cool again?

Translation 08:22:23PM Mar 25, 2019 Source:Shanghai Nonferrous Metals Network
The content below was translated by Tencent automatically for reference.

SMM3 25 news: the Turkish currency lira began to plummet again!

In fact, the collapse of the Turkish currency was to be expected. Turkey's negative growth in the fourth quarter of 2018, its worst performance in a decade, startled the market, and three months of falling GDP growth collapsed confidence in Turkey, so it makes sense that the lira was sold off this time. And the magnitude can not be compared with the collapse of the lira in Turkey last year, and we do not rule out that there is a bigger collapse in the future.

Last year's lira crash can be blamed on Trump, whose sanctions dealt an unprecedented blow to the Turkish lira, prompting tourists from around the world to travel to Turkey to buy luxury goods. The crash is Turkey's own problem and confirms that Turkey's economic development cannot withstand any impact. To put it bluntly, the so-called economic development is nothing more than a pile of money and driven by the indiscriminate issuance of money. This in itself is unsustainable. At present, the inflation rate in Turkey is about 20%, and the base interest rate has reached 24%. I don't know how much longer Turkey will last.

Key Words:  Turkey  economy  lira  inflation 

A sudden flash! Is the Turkish lira cool again?

Translation 08:22:23PM Mar 25, 2019 Source:Shanghai Nonferrous Metals Network
The content below was translated by Tencent automatically for reference.

SMM3 25 news: the Turkish currency lira began to plummet again!

In fact, the collapse of the Turkish currency was to be expected. Turkey's negative growth in the fourth quarter of 2018, its worst performance in a decade, startled the market, and three months of falling GDP growth collapsed confidence in Turkey, so it makes sense that the lira was sold off this time. And the magnitude can not be compared with the collapse of the lira in Turkey last year, and we do not rule out that there is a bigger collapse in the future.

Last year's lira crash can be blamed on Trump, whose sanctions dealt an unprecedented blow to the Turkish lira, prompting tourists from around the world to travel to Turkey to buy luxury goods. The crash is Turkey's own problem and confirms that Turkey's economic development cannot withstand any impact. To put it bluntly, the so-called economic development is nothing more than a pile of money and driven by the indiscriminate issuance of money. This in itself is unsustainable. At present, the inflation rate in Turkey is about 20%, and the base interest rate has reached 24%. I don't know how much longer Turkey will last.

Key Words:  Turkey  economy  lira  inflation