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2026-06-25 The Grand Turk

'You all lack charisma.' Erdogan has decided who will take his seat

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Posted by badanov 2026-06-25 00:00|| E-Mail|| Front Page|| [1860 views ] Top
File under: Sublime Porte

1 I hear Iblis is available...

Posted by Mercutio 2026-06-25 09:30|| 2026-06-25 09:30|| Front Page Top

2 Turkey is a good example of what I call a 'constitutional dictatorship'.

and FWIW, back in 2016, it was ~3 Turkish Lira per dollar; now it is about ~46 per dollar

inflation has averaged more than 15% per year during that time

Posted by Lord Garth 2026-06-25 17:50|| 2026-06-25 17:50|| Front Page Top

3 Looking at the history of the thing, according to whatever answers such questions for me:

Overview of Turkish Lira Exchange Rate History
The Turkish lira has undergone significant changes since its introduction, particularly after its revaluation in 2005. Below is a summary of key historical exchange rates and trends.
Key Historical Exchange Rates
Year Exchange Rate (TRY to USD)
2005 1,350,000 TL = 1 USD
2018 ₺5 per USD
2021 ₺8.8 per USD
2021 ₺12.5 per USD
2021 ₺16.5 per USD
2026 (June) ₺46.52 per USD
Recent Trends
2018-Present: The Turkish lira has been in a state of crisis, experiencing a significant depreciation due to various economic policies and inflation.
2021: The lira saw rapid declines, reaching an all-time low of ₺16.5 to the dollar in December 2021.
2026: As of June 25, 2026, the exchange rate is approximately ₺46.52 per USD, indicating a continued decline in value over the past year.

I actually first started paying attention in 1994, because I had a Turkish girlfriend whose parents still lived in and were trying to run a business in Izmir, which I believe they finally shut down

In 1994, the Turkish lira experienced significant devaluation due to economic instability, with the exchange rate fluctuating dramatically. At the end of 1994, 1 US dollar was worth approximately 1,200,000 Turkish lira.

The main factors causing the Turkish lira devaluation in 1994 included huge public sector borrowing requirements and major policy errors in financing the deficit, which led to a significant depreciation of the currency and high inflation levels. Additionally, the Central Bank lost half of its reserves during this crisis.

In 1994, the Turkish lira experienced significant depreciation, with the exchange rate against the US dollar falling from TL 9 to TL 14.40 in 1975, and reaching TL 620,000 by 2000. The currency crisis in 1994 led to a dramatic drop, with the exchange rate depreciating by more than half in just the first three months of that year. The lira's value fell sharply during this period, reflecting severe economic instability.

Posted by trailing wife 2026-06-25 20:29|| 2026-06-25 20:29|| Front Page Top

21:16 SteveS
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