As a historically changing Lira to the dollar

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2018-03-26 19:22:08

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The Rate of any national currency is of interest not only for specialists in stock trading, but also among ordinary consumers, particularly if we are talking about the bundle with the U.S. dollar. Lira to the dollar is not tied and has a floating exchange rate, which tends to frequent and sometimes significant changes. Lira to the dollar

Politics as a significant factor for changes in exchange rates

Asking the question - what determines the exchange rate of Lira to the dollar, it is important to understand that Turkey is consistently considered one of the most economically developed countries of the Eastern Mediterranean, and the middle East, it can compete with even Israel, with which it has long-standing and close but not the easiest relationship.

So, speaking about the exchange rate, not only economy, because fluctuations intimately linked with the political life of the country, while in Turkey it is very diverse and complex structure.

In the twentieth century there was a variety of political events as revolutions, coups, revolutions and colonial wars. And each major event affecting the exchange rate of Lira to the dollar. Very often, the lyre saddest way down, and the economy reacted to this not very good. On average, over the last two years 1 dollar was worth 3.5 liras, and analysts predict the fall will continue in the near future.

Currently, Turkey is heavily export-oriented and depreciation of the national currency in some cases can have a positive impact on output growth. In addition, the demand for domestically produced goods also has a significant impact on changes in the exchange rate of the Turkish currency.

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The Once great Turkey: the Lira exchange rate to USD

Since the eighties of the twentieth century, when Turkey committed itself to opening its economy to world financial capital, the United States has had a significant impact on the course of reforms. However, local authorities managed to create the most comfortable conditions for development of small entrepreneurship, family business and medium-sized enterprises. Lira to the dollar in that period was incredibly stable, and the export potential of the country was implemented in the best way.

Small businesses committed to improving the welfare of families and those, in turn, began to invest in the economy. The main means of investment in Turkey for a long time were considered property, where the market grew at a remarkable rate for almost thirty years and became, in the end, second in importance for the Turkish economy.

the Lira exchange rate to dollar

Light industry, and no speculation

Enterprises, including family, created in the period of rapid economic growth and rapid capital accumulation, grew quite quickly and became influential players in the global market. How were the Lira to the dollar, it was a significant acknowledgment.

The Production of haberdashery and knitwear still attracts foreign buyers in Istanbul, as local products have earned a reputation for quality and safe in comparison with competitors from South-East Asia. However, such successes in different spheres of industrial production in Turkey failed to achieve any significant place in the international financial market.

Turkey. the rate of the Lira to the dollar

Dependence on Western corporations

The Turkish capital, and remained largely dependent on Western funds, which was gathered money for housing construction, the construction of a huge exhibition centers and shopping malls.

The credits, though given Turkey under relatively small percentage require the return in foreign currency, which, as mentioned above, much depends on the political situation. That's why it's so important to understand, as is the Lira to the dollar.

This durable tandem with European and American financiers could jeopardize ongoing in Turkey turn to full independence, primarily from the European community. However, in the welfare of the families involved in the average business, this will impact the most minimal way.


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BE: https://tostpost.com/be/f-nansy/16618-yak-g-starychna-zmyanyaecca-l-ra-da-dalyara.html

DE: https://tostpost.com/de/finanzen/16629-wie-historisch-ndert-sich-die-lira-gegen-ber-dem-dollar.html

ES: https://tostpost.com/es/finanzas/16639-como-hist-ricamente-se-modifica-la-lira-al-d-lar.html

HI: https://tostpost.com/hi/finance/9288-as-a-historically-changing-lira-to-the-dollar.html

JA: https://tostpost.com/ja/finance/9288-as-a-historically-changing-lira-to-the-dollar.html

KK: https://tostpost.com/kk/arzhy/16620-ret-nde-tarihi-zgered-lira-dollaryna.html

PL: https://tostpost.com/pl/finanse/16601-jak-zmienia-si-historycznie-turecka-do-dolara.html

PT: https://tostpost.com/pt/finan-as/16601-como-historicamente-altera-a-lira-ao-d-lar.html

TR: https://tostpost.com/tr/maliye/16623-tarihsel-de-i-ir-liras-dolar-kar-s-nda.html

UK: https://tostpost.com/uk/f-nansi/16615-yak-storichno-zm-nyu-t-sya-l-ra-do-dolara.html

ZH: https://tostpost.com/zh/finance/10118-as-a-historically-changing-lira-to-the-dollar.html






Alin Trodden - author of the article, editor
"Hi, I'm Alin Trodden. I write texts, read books, and look for impressions. And I'm not bad at telling you about it. I am always happy to participate in interesting projects."

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