I don't know what they can do to curb this. Its been screwed for well over a decade. What do they need to do to fix their economy?
World News
A community for discussing events around the World
Rules:
-
Rule 1: posts have the following requirements:
- Post news articles only
- Video links are NOT articles and will be removed.
- Title must match the article headline
- Not United States Internal News
- Recent (Past 30 Days)
- Screenshots/links to other social media sites (Twitter/X/Facebook/Youtube/reddit, etc.) are explicitly forbidden, as are link shorteners.
-
Rule 2: Do not copy the entire article into your post. The key points in 1-2 paragraphs is allowed (even encouraged!), but large segments of articles posted in the body will result in the post being removed. If you have to stop and think "Is this fair use?", it probably isn't. Archive links, especially the ones created on link submission, are absolutely allowed but those that avoid paywalls are not.
-
Rule 3: Opinions articles, or Articles based on misinformation/propaganda may be removed. Sources that have a Low or Very Low factual reporting rating or MBFC Credibility Rating may be removed.
-
Rule 4: Posts or comments that are homophobic, transphobic, racist, sexist, anti-religious, or ableist will be removed. “Ironic” prejudice is just prejudiced.
-
Posts and comments must abide by the lemmy.world terms of service UPDATED AS OF 10/19
-
Rule 5: Keep it civil. It's OK to say the subject of an article is behaving like a (pejorative, pejorative). It's NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
-
Rule 6: Memes, spam, other low effort posting, reposts, misinformation, advocating violence, off-topic, trolling, offensive, regarding the moderators or meta in content may be removed at any time.
-
Rule 7: We didn't USED to need a rule about how many posts one could make in a day, then someone posted NINETEEN articles in a single day. Not comments, FULL ARTICLES. If you're posting more than say, 10 or so, consider going outside and touching grass. We reserve the right to limit over-posting so a single user does not dominate the front page.
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
Lemmy World Partners
News [email protected]
Politics [email protected]
World Politics [email protected]
Recommendations
For Firefox users, there is media bias / propaganda / fact check plugin.
https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/
- Consider including the article’s mediabiasfactcheck.com/ link
Stop being fucking idiots
Stop being fucking idiots for the nth time in the last 20 years, get rid of the defacto dictator Erdoğan, gain some economic trust by not replacing him with even more stupid and outright religious lunatics that got a lot of courage lately, work legally and financially to retake the seaports, airports, defense industry corps, quarries, etc that were sold mostly to Qatari corps and billionaires, reinstate the border control to prevent the flood of Al-queda, ISIS, PKK-YPG, Hezbollah terrorist blending with illegal refugees (which number more than some European countries' total populations already), work with Syrian dictator and ensure safe return of Syrian refugees and don't let the matter fall into the hands of western or Russian politics this much.
Basically some proper leftist line of thought and actions, which is unfortunately waning very quickly all over the world, for the next decade or two to get on track for development and prosperity.
And stop bombing Rojava.
It's* been screwed
That Turkish Lira has always been crazy (https://en.wikipedia.org/wiki/Turkish_lira) Check out this graph: https://en.wikipedia.org/wiki/Turkish_lira#/media/File:Euro_exchange_rate_to_TRY.svg
Wow! 1960 1 USD would give you 11 Turkish Lira.
Edit: ~~Today~~ 2005 1 USD will make you a millionaire in Turkish Lira.
So apparently they are used to their currency devaluing fast.
I must be missing something (or it was a joke that went over my head, same thing really)
If I look up the conversion it currently says the 1 USD is 32 Lira.
Where are you getting the millionaire part?
This is the second Turkish Lira, since 2005 (TRY)
The 1965 Turkish Lira (TRL) got devalued so much that they had to redenominate. Similar to what happened to Pengő -> Forint in Hungary after WW1.
1 USD = 32M TRL 1 USD = 32 TRY
seen as a signal of independence from politics
Lol. Lmao even.
This is the best summary I could come up with:
The hawkish move came 10 days before local elections and was seen by analysts as a signal that the central bank was independent from any political constraints and determined to tackle price rises.
The bank has now raised its key one-week repo rate by 41.5 percentage points from 8.5% since last June, after Recep Tayyip Erdoğan’s victory in May presidential elections and U-turn towards greater orthodoxy in economic policy.
The “tight monetary stance will be maintained until a significant and sustained decline in the underlying trend of monthly inflation is observed, and inflation expectations converge to the projected forecast range”, the bank said.
Piotr Matys, the senior FX analyst at InTouch Capital Markets in London, said the rate hike “stunned the market”, adding: “Today’s decision is a very strong signal that Governor [Fatih] Karahan, who took over from [Hafize Gaye] Erkan when she unexpectedly resigned, is determined to bring staggeringly high inflation under control.”
Inflation rose to a higher than expected 67% in February when the central bank had held rates steady after a sustained string of hikes since June.
Though inflation is expected to dip around mid-year, the recent lira slide coupled with declining foreign reserves had raised some expectations of more rate hikes ahead – though not until after municipal elections on 31 March in which Erdoğan’s AK party is hoping to win back key cities such as Istanbul.
The original article contains 355 words, the summary contains 231 words. Saved 35%. I'm a bot and I'm open source!