I thought Turks didnt like curds
Did somebody forget to tell them? There’s no whey they can’t know.
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This is a bot ^^
Border shopping isn’t different anywhere else
In Denmark we drive hours to Germany to buy cheap beer and tobacco
In Greece they travel(ed) to Turkey for cheap leather clothing
I used to order my cheese from Constantinople but I eventually picked it up in Istanbul.
Greece has some really good cheese. I would make the drive too haha
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You had your chance to over throw him
If Turks buy in Greece, doesn’t that make the Euro the weak currency? If the Turkish Lira is devaluating so much, they shouldn’t be able to exchange it into strong Euro to their advantage.
I think this is an example of purchasing power vs currency swap value.
The central bank said on Nov 7 it expects inflation to close this year above 30 per cent,
How do they do this? 30% inflation means they are printing money. How do they manage to create the demand for Lira that they can buy Euros for cheap? Usually people would want to buy Euros and the value for Lira would fall.
The Turkish central bank artificially holds the value of the Turkish Lira at great cost. Turks take advantage of that.
How do they do it?
They buy shittons of Lira with their foreign currency reserves.
They import more than they export. The foreign exchange reserves are stable at about $80 billion, besides one dip.
Where do those reserves come from?
Last time I heard about it were the Turkish elections where they decimated their reserves. Situation apparently has changed now, you know more than me
