by Shakespeares
30 Oct 2017, 15:27
You are quite right Kim, I apologise, my only excuse is that the previous comment was both off the subject and offensive.
As I see it, the devaluation of a country's currency is mostly because other, or many, countries lose confidence in the competency of the goverment of that country. In the case of Turkey with the current governments policies. When we bought our first property there I thought that the political upheavals of the past were over, big mistake, the crystal ball was playing up again.
The GBP has also lost a lot of value lately which seems to indicate that the problem with the Lira could be very serious.
As I see it, the devaluation of a country's currency is mostly because other, or many, countries lose confidence in the competency of the goverment of that country. In the case of Turkey with the current governments policies. When we bought our first property there I thought that the political upheavals of the past were over, big mistake, the crystal ball was playing up again.
The GBP has also lost a lot of value lately which seems to indicate that the problem with the Lira could be very serious.