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> if/when the lira rises 15% Turkey currently have negative forex, it won't happen. A fiat currency that have lost all market confidence, it's not going anywh
by Aperocky 5y ago
> if/when the lira rises 15%
Turkey currently have negative forex, it won't happen.
A fiat currency that have lost all market confidence, it's not going anywhere but down.
- bellyfullofbac 5y agoDuring the Asian economic crash from 1998s, things like PC parts were priced in USD, and to get the local price, the shopkeeper would multiply the day's USD rate with the gadget's price, and show you the price on her calculator... but 2 decades later the currencies of the region have stabilized enough that this is no longer the case.