Why Türkiye's Lira is Broken (It’s Not Interest Rates) (ft. @Into Europe) | russki standart türkiye fiyatı ile ilgili en eksiksiz bilgiye genel bakış

Superb analysis on the Lira and Turkey's economy without getting political about it. BUT without getting political about it the real story loses half its soul, half its authenticity and half its credibility.

tUrkey is a state sponsor of terrorism.

The de-dollarisation didn't work. It crushed our economy.

You give much wider knowledge than what I get from various news outlets.

Since 50's the Turkish economy management and CBRT are not independent of politics, now entirely under the control of Erdogan. He believes in a theory that certainly makes no sense in Economics. Also, the government didn't evaluate the low-interest rate opportunity after the 2008 financial crisis. They invested whole cheap funds in skyscrapers and mall centers to gain political and individual rands instead of investing in the industry, education, technology, and agriculture.

Common people just lack vision and patience that long-term plan of developping or industrializing a country need,politician feed voters instant honey at cost of long term interests of the country.This happened in so many late-developping democracy all around the world.

** cries in turkish **

When you fire the match and close it to Turkish Lira, my blood pressure goes up immediately because burning money in Turkey is a crime punishable with prison time. Since it is considered an National Heritage just as Blue Mosque or Ephesus Ruins… Now with AKP, our heritage is killed.

Great Video. In Turkey such explanations areheavily biased another(polarization) but this is the actual objective stuff we need.

Bro make a video on srilanka

Dude by a better mic, my ears hurt lol

Long life sultan Erdoğan

Thank you for your deep anaylise. There were only one debatable part i saw on your video which was the liberalization and it's effect on the inflation. What you said is definitely apply for the 90's while the inflation problem during 80's were a bit of everything. If you ask me how we can solve this problem is rather simple but not easy. We just need to be more open and democratic, gaining the trust of the investors but also implement reforms that discourage people to trust constructuction sector while also support the Turkish manufacturers with reforms that backing them (like financial aid for exports and such) and a competitive currency (that make both exporters and importers happy, a level maybe around 3 or 5 Turkish lira).

Can you do PH Peso and Economy?

17:43 "Oh-wait-i'm-a-western-shouldn't-like-Erdogan's-doings" part.
edit: Great video.

You sound too confident commenting about another country! Specially Turkiye is not a country you can describe its economy with just a youtube video!

The analysis was partly wrong and all those sounds effects and burning money looks horrible!

And believe me Euro has way deeper problems now with Russia-Ukraina war! And the sanctions has just damaged us in europe!

12:20
wtf is that
civil war in ucrain started in 2014 YEARS BEFORE the pandemic

can someone tag our president for god sake he must watch that

finally someone who sees the real problem. unfortunately, he is not in the turkish financial system. Buying dollars is the worsth thing we can do in our system, yet, they do. and they are doing that for keep their earnings. But, even though they can save the converted part, they wouldnt be able to do it for the unconverted-unearned yet part. They cant see that. the blindness of many affects the every.

– Turkey

I don't think you've found the main problems for the Lira here. Dollarization happens because the government prior to Erdogan was printing money and people demanded ways to avoid inflation and the stupid government let them dollarize. First rule of money printing…don't let people escape your printed money. Yes the recent government borrowing and money printing have been used wiser to build the export economy more…but the government is STILL PRINTING. Don't trust the BS stats they put out. It's impossible to have that level of inflation without massive money printing. Erdogan keeps interest rates low because he's encouraging massive Lira borrowing by exporters that earn foreign currency. That 'massive Lira borrowing' is PRINTED MONEY. The recent scheme to compensate people for converting foreign currency into Lira will absolutely fail. The government makes up the numbers that the scheme is based on so their 'compensation' will NOT be actual market losses. The only people using this 'scheme' are corporates that have been strong armed by Erdogan to use it (remember the guys getting the massive Lira loans?). No one in their sane mind trusts the Turkish government. The scheme will be exposed as a joke as soon as it comes time to compensate the suckers that were forced into it. The Lira will find absolutely no relief until a government builds back trust in it with citizens. Or dollarization is completely destroyed and the government forces everything back into Liras overnight…wiping out any future investment and dooming Turkey to slow stagnation.
So yeah, low interest rates are fuelling massive Lira loans that is causing massive inflation.