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Exchange Rates Of The Turkish Lira...
 
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Official Exchange Rates Of The Turkish Lira... (Information Source: The Central Bank of Turkey) USD/TRY EUR/TRY JPY/TRY CNY/TRY RUB/TRY Currency exchange rates in Turkey... Официальные курсы турецкой лиры ... Türk Lirasının resmi döviz kurları... Türkiye Cumhuriyeti Merkez Bankasının resmi döviz kurları... Dolar, Euro, Yapon İyeni, Çin Yuanı ve Rus Rublesinin fiyatları... Merkez bankasının dolar ve euro kuru... Türk pulunun mezennesi... Offizielle Wechselkurse der Türkischen Lira ... أسعار الصرف الرسمية لليرة التركية ... तुर्की लीरा की आधिकारिक विनिमय दर ... 土耳其里拉的官方匯率...... トルコリラの公式為替レート... Η επίσημη συναλλαγματική ισοτιμία της Τουρκικής λίρας ... Les taux de change officiels de la lire turque ... თურქული ლირას ოფიციალური გაცვლითი კურსი ... نرخ ارز رسمی لیره ترکیه ... Офіційні курси турецької ліри ... Normat zyrtare të këmbimit të Lira Turke ... Turkish banking... Обменный курс турецкой лиры ... United States Dollar (USD) to Turkish Lira (TRY) … Russian Ruble (RUB) to Turkish Lira (TRY) … Euro to Turkish Lira (TRY) … Japanese Yen (JPY) to Turkish Lira (TRY) … Chinese Yuan (CNY) to Turkish Lira (TRY) … Türkischer wechselkurs... Tipos de cambio oficiales de la lira turca ... Түркия лирасының ресми бағамдары ... Virallinen valuuttakurssit Turkin liira ... Званични курсеви турске лира ... 터키 리라의 공식 환율 ... Taxas de câmbio oficiais da lira turca ... Расмий алмашуу курстарынын Түрк лирасынын ... Официален курсове на турската лира ... A Török Líra hivatalos árfolyama ... Turk lirasining rasmiy narxi ...
Exchange Dollar to Turkish Lira in ATM Turkey
 
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Exchange Dollar to Turkish Lira in ATM Turkey
Views: 3614 Andrii Tanenkov
Turkish citizens rush to exchange US dollars for Lira
 
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The Turkish economy is having a hard time, with the Lira stumbling against the US dollar. But an interesting campaign has the country’s citizens running to foreign exchange offices to support the local economy. CCTV’S Michal Bardavid has the report. Subscribe to us on Youtube: https://goo.gl/lP12gA Download for IOS: https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download for Android: https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/cctvnewschina Twitter: https://twitter.com/CCTVNEWS Google+: https://plus.google.com/+CCTVNEWSbeijing Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
Views: 60512 CGTN
My Foreign Currency Collection 2018 + Exchange Rates USD
 
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So here it is people. Part 1 of my currency collection. In this video I show you the foreign bank notes I've collected throughout the years. In the next video I will show you the coins that my wife and I have collected! Exchange rate to USD included. Foreign Bank Notes in this video: Bolivian Bolivianos, Brazilian Real, Canadian Dollar, Chinese Renminbi Yuan, Chinese Wu Jiao, Chinese Yi Yuan, Danish Krone, European Euro, Haitian Gourde, Hong Kong Dollar, Hungarian Forint, Icelandic Krona, Indonesia Rupiah, Italian Lira, Jamaican Dollar, Japanese Yen, Mexican Peso, Mongolian Tögrög (Tugrik), Nigerian Naira, Swedish Krona, Philippine Piso, Polish Zloty, Singapore Dollar, South Korean Won, Norwegian Krone, Turkish Lira and the British Pound (United Kingdom) Pound. Social Media: ► Instagram: https://www.instagram.com/eliterb28/ ► Snapchat: www.snapchat.com/add/eliterb28
Views: 27659 The Angry Spud
Turkish lira hits new record low against US dollar - economy
 
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Turkey's currency troubles deepened on Monday as the country's lira hit a new low against the US... euronews, the most watched news channel in Europe Subscribe for your daily dose of international news, curated and explained:http://eurone.ws/10ZCK4a Euronews is available in 13 other languages: http://eurone.ws/17moBCU http://www.euronews.com/2014/01/06/turkish-lira-hits-new-record-low-against-us-dollar Turkey's currency troubles deepened on Monday as the country's lira hit a new low against the US dollar. Political tensions, notably a high-level corruption scandal engulfing Prime Minister Recep Tayyip Erdogan's government are thought to have helped compound the latest slump. The drop marks another new record low against the dollar, with investors already concerned the country is ill-placed to cope with the US Federal Reserve raining in quantitative easing. Turkey has one of the biggest current account deficits of any major economy. The country's central bank has shied away, for the moment, from cutting interest rates, preferring to prop up the lira by selling Turkey's dollar reserves. Find us on: Youtube http://bit.ly/zr3upY Facebook http://www.facebook.com/euronews.fans Twitter http://twitter.com/euronews
Views: 38003 euronews (in English)
Exchange Rates Of The Riyal (SAR)…
 
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Official Exchange Rates Of The Saudi Arabian Riyal SAR... (Information source: The Saudi Arabian Monetary Authority) 1 USD United States Dollar to Riyal SAR... 1 EUR Euro to Riyal SAR... 1 INR Indian Rupee to Riyal SAR... 1 RUB Russian Ruble to Riyal SAR... 1 TRY Turkish Lira to Riyal SAR... AED United Arab Emirates Dirham to Riyal SAR... 1 PKR Pakistani rupee to Riyal SAR... 1 Chinese Yuan, Renminbi to Riyal SAR... 1 JPY Japanese Yen to Riyal SAR... Riyal rates today... Saudi riyal prices... Saudi Arabian currency rates... اسعار صرف الريال السعودي مقابل الدولار... Обменный курс saudi аравийский riyal (SAR)... सऊदी अरब रियाल एसएआर की विनिमय दरें ... Suudi Aribistanın para birimi Riyalın döviz kurları... Wechselkurse des saudi-arabischen Riyal SAR ... ریل SAR کی ایکسچینج کی شرح ... サウジアラビアリヤルSARの為替レート 沙特阿拉伯里亚尔特区的汇率...... Taxas de Câmbio do Rial da Arábia Saudita ... Riyal exchange rates of Saudi Arabia SAR ... نرخ ارز سعودی ریال سار ... Taux de change du SAR saoudien Riyal ... Central Bank in Saudi Arabia... How much rate saudi riyal... Banking and forex rates in Kingdom of Saudy Arabia...
Currency war turkey LIRA vs USA DOLLAR | investment with Turkish lira
 
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Second channel link👇🏻👇🏻 https://www.youtube.com/channel/UCWFxs5XLQe6bRWJ5yMRQGVw?view_as=subscriber
Views: 3681 The World Reality
Definition of exchange rate
 
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Definition of exchange rate #exchange #rate exchange rate XE - The World's Trusted Currency Authority X-Rates: Exchange Rates Currency Converter | Foreign Exchange Rates | OANDA Live Exchange Rates | OANDA Exchange Rates BOC EXCHANGE RATE(new) Exchange rate - Wikipedia Exchange Rates - Bank of Canada Foreign Currency Exchange Rates | Scotiabank currency exchange google exchange rate today exchange mail exchange rate indian rupees to saudi riyal indian rupee exchange rate currency exchange live live currency converter محول العملات جوجل Exchange rates graphs - NZD USD | ANZ Exchange Rates - Visa Europe Exchange Rate Definition | Investopedia Exchange Rates Foreign Currency T/T Exchange Rates - Hang Seng Bank ... Exchange Rate Alerts | Rate Notifications by TransferWise Foreign Exchange Rates | BMO Bank of Montreal Exchange Rates - Banque Misr Bank of Israel - Exchange Rates Central Bank of Sri Lanka - Exchange Rates Exchange rates - BNZ Exchange Rates | Bank Negara Malaysia | Central Bank of ... Exchange Rate Notifications - Central Board of Excise and ... abokiFX | Your daily Naira exchange rate Foreign exchange rates | Australian Taxation Office Foreign exchange rates | International & Migrant - Westpac ... Euro exchange rates USD - European Central Bank - Europa Currency Converter | Get Live Currency Exchange Rates | ... Foreign Exchange Rates New Zealand Customs Service : Customs rates of exchange Currency converter & exchange rate calculator | Travelex PACIFIC Exchange Rate Service FRB: H.10 Release--Foreign Exchange Rates--Country Data UN Operational Rates of Exchange - Rates Exchange Rates | RBA Treasury Reporting Rates of Exchange - Bureau of the ... Currency Exchange Rates - Investing.com USD to MXN Exchange Rate - Bloomberg Markets Exchange Rate Archives by Month - IMF T/T Exchange Rates against HKD | Investment | Bank of ...
Money Talks: Turkish currency gains ground against US Dollar
 
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The Turkish Lira has been one of the rising emerging currencies against the US Dollar in 2017, boosted by positive signals from the Central Bank. Rising foreign investments, a strong recovery in tourist arrivals and exports also help Turkey's currency gain strength. International investors including Societe Generale and Goldman Sachs expect the Turkish Lira to continue to gain strength. Economist Taha Arvas explains what he believes are the key drivers behind the Turkish economy and its strengthening currency. Subscribe: http://trt.world/subscribe Livestream: http://trt.world/ytlive Facebook: http://trt.world/facebook Twitter: http://trt.world/twitter Instagram: http://trt.world/instagram Visit our website: http://trt.world
Views: 1557 TRT World
Polish Zloty (PLN) Exchange Rate ...
 
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Exchange rates of the Poland's currency Zloty (PLN)... EUR to PLN exchange rate, USD / PLN, TRY / PLN, CAD / PLN, UAH / PLN, RUB / PLN, CNY / PLN, JPY / PLN, BGN / PLN, CZK / PLN, PHP / PLN, CHF / PLN, SEK / PLN, CHF / PLN, INR / PLN, CLP / PLN currency exchange rates 2019 … 1 EUR Euro to Polish Zloty (PLN) exchange rate … 1 USD United States Dollar to Polish Zloty (PLN) exchange rate … 100 JPY Japanese Yen to Polish Zloty (PLN) exchange rate … 1 CAD Canadian Dollar to Polish Zloty (PLN) exchange rate … 1 CNY Chinese Currency to Polish Zloty (PLN) exchange rate… 1 TRY Turkish Lira to Polish Zloty (PLN) exchange rate … 1 RUB Russian Ruble to Polish Zloty (PLN) exchange rate… 1 UAH Ukrainian Hryvnia to Polish Zloty (PLN) exchange rate… 1 AUD Australian Dollar to Polish Zloty (PLN) exchange rate … 1 GBP British Pound sterling to Polish Zloty (PLN) exchange rate … 1 SEK Swedish Krona to Polish Zloty (PLN) exchange rate … 1 CHF Swiss Franc to Polish Zloty (PLN) exchange rate … 1 BGN Bulgarian Lev to Polish Zloty (PLN) exchange rate … 1 PHP Philippine Peso to Polish Zloty (PLN) exchange rate … 100 INR Indian Rupee to Polish Zloty (PLN) exchange rate … 1 CZK Czech Koruna to Polish Zloty (PLN) exchange rate … 100 CLP Chilean Peso to Polish Zloty (PLN) exchange rate … Today currency exchange rates in Poland ... Dollar rate in Warsaw, Poland today ... zloty to the pound exchange rate ... how much zloty is 1 dollar ... how much zloty to euro ... Narodowy Bank Polski exchange rates... pound to zloty exchange rate in krakow ... Polski złoty (PLN) kurs wymiany ... ile złoty do euro ... Польский злотый (PLN) валютный курс ... Polonya para birimi zloty döviz kuru ... Polnischer zloty (PLN) wechselkurs ... Zloty Polonais (PLN) taux de change ... ile złoty to 1 dolar ... Central Bank of Poland exchange rates ... Indian rupee rate in Poland ... Pound sterling rate in Poland ... American dollar rate in Poland ... Polond currency middle exchange rates ...
4 held for attempting to exchange Turkish currency in Secunderabad
 
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4 held for attempting to exchange Turkish currency in Secunderabad ; 5 crore Turkey currency Seized |Hyderabad ---------------------------------------------------------------------------------------------- ☛ Download ETV Android App: https://goo.gl/aub2D9 For Latest Updates on ETV Channels !! ☛ Visit our Official Website: http://www.etv.co.in ☛ Subscribe for Latest News - https://goo.gl/tEHPs7 ☛ Like us : https://www.facebook.com/ETVTelangana ☛ Follow us : https://twitter.com/etvtelanganaa ☛ Circle us : https://goo.gl/2UCQkm -----------------------------------------------------------------------------------------------
Views: 12844 ETV Telangana
Ukrainian Hryvnia's (UAH) Exchange Rates...
 
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Official exchange rates of the Ukrainian currency Hryvnia (UAH)... Information Source: The National Bank of Ukraine EUR Euro to Ukrainian Hryvnia (UAH) exchange rate… USD United States to Dollar Ukrainian Hryvnia (UAH) exchange rate… TRY Turkish Lira to Ukrainian Hryvnia (UAH) exchange rate… GBP British Pound Sterling to Ukrainian Hryvnia (UAH) Rate… PLN Polish Zloty to Ukrainian Hryvnia (UAH) Rate… JPY Jpanese Yen to Ukrainian Hryvnia (UAH) Rate… CNY Chinese Yuan Renminbi to Ukrainian Hryvnia (UAH) Rate… RUB Russian ruble to Ukrainian Hryvnia (UAH) Rate… INR Indian Rupee to Ukrainian Hryvnia (UAH) Rate… KRW Korean Won to Ukrainian Hryvnia (UAH) Rate… KZT Kazakhstani Tenge to Ukrainian Hryvnia (UAH) Rate… AZN Azerbaijanian Manat to Ukrainian Hryvnia (UAH) Rate… SEK Swedish Krona to Ukrainian Hryvnia (UAH) Rate… BYN Belarusian to Ruble Ukrainian Hryvnia (UAH) Rate… CAD Canadian Dollar to Ukrainian Hryvnia (UAH) Rate… 1 american dollar how much ukrainian hryvnia... Central Bank of Ukrainia exchange rates... Today dollar rate in Kiev, Ukraine... Money exchange rates in Ukraine... Euro rate today in Ukraine... 1 euro how much in Ukraine... Türk lirasının Ukraynada döviz kuru... Ukraynada dollar kuru... Ukraynada euro kuru... hryvnia kaç tl... 100 tl kaç grivna... Official exchange rates of the Ukrainian currency Hryvnia (UAH)... Kурс валют в Украине 2019... Евро Евро к украинской гривне (грн.) Польских злотых в украинские гривны (UAH) Сегодня курс доллара в Киеве, Украине ... Курс евро сегодня в Украине ... Курс российского рубля сегодня на Украине ... Евро Евро к украинской гривне (грн.) курс гривны к рублю сегодня... Доллар США к доллару Украинская гривна (UAH) Курс… Курс турецкую лиру в украинских гривнах (грн.) Курс британского фунта стерлингов к украинской гривне (UAH) Польских злотых в украинские гривны (UAH)   JPY Японская йена в Украинские гривны (UAH) Курс… CNY Китайский юань в украинских гривнах (UAH) по курсу юаня Российский рубль к украинской гривне (грн.) INR Индийская рупия в Украинские гривны (UAH) Курс… KRW Корейская вона в Украинские гривны (UAH) Оценить ... KZT Казахстанский тенге в украинские гривны (UAH) Курс азербайджанского маната в украинских гривнах (грн.) По курсу… сколько стоит украинская гривна... гривна к доллару... гривна к рублю... гривна по отношению к рублю... гривна к тенге SEK Шведская Крона в Украинские Гривны (UAH) Курс… BYN Белорусский в Рубль Украинская Гривна (UAH) Курс… CAD Канадский доллар в Украинские гривны (UAH) Курс… Офіційний обмінний курс української гривні (грн.) ... Курс євро сьогодні в Україні ... Офіційні курси валют української гривні (гривня) ... Джерело інформації: Національний банк України... EUR Євро до гривні (UAH) Курс ... USD США До Долар Українська Гривня (UAH) Курс ... TRY Турецька ліра - Українська гривня (UAH) Курс ... GBP Британський фунт стерлінгів за українську гривню (UAH) Курс ... PLN Польський злотий до української гривні (UAH)…   JPY Jpanese Yen до гривні (UAH) Курс… CNY Китайський юань в українській гривні (UAH) Курс ... Руб. До гривні (грн.) Курс ... INR Індійська рупія до гривні … KRW Корейський Вон до української гривні… KZT Казахстанський тенге до української гривні … AZN Азербайджанський манат до українську гривню Курс ... SEK Шведська крона до українську гривню Курс ... BYN Білоруська рубль до Українська гривня … CAD Канадський долар до гривні … Polski Złoty na Hrywny Ukraiński kurs wymiany ... Offizielle Wechselkurse der ukrainischen Währung Hrywnja (UAH) ... Taux de change de la monnaie ukrainienne Hryvnia ... Converter USD/UAH, EUR/UAH, INR/UAH, CNY/UAH,JPY/UAH, TRY/UAH, AZN/UAH, KZT/UAH, BYN/UAH, KRW/UAH, SEK/UAH, CAD/UAH, PLN/UAH
Fall in value of Turkish lira hits small businesses hard
 
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(18 Jun 2018) Farmer Abdulkadir Cekic was already struggling to make a living, snowed under by a bank loan he took out for the purchase of a 130,000-euro (150,899 US dollar) harvesting machine. The tumbling of the Turkish currency, the lira, has hit him hard, considerably increasing the cost of his yearly paymen The country's economic troubles have emerged as a key issue as Turkey heads into presidential and parliamentary elections on 24 June. The elections will usher in a new governing system, switching Turkey from a parliamentary democracy to an executive presidency, following constitutional changes that were narrowly approved in a referendum last year. The post of prime minister will be abolished, concentrating even more power in the hands of the president. In May the lira slid to a series of record lows amid a global currency sell-off and some concerns over President Recep Tayyip Erdogan's economic policies. The drop forced the Turkish Central Bank to sharply raise its key lending rate to try and stem an outflow of capital from the country, control inflation and support the beleaguered currency. The rate increase came despite Erdogan's strong pressure on the Central Bank to keep rates low. The increase helped the currency regain some of its value, but economists fear the country may not be out of the woods just yet. Erdogan opposes high interest rates which can support a currency and ease inflation but also hinder economic growth. Analysts say Erdogan, who has been in office since 2003 as prime minister and president and is vying for a new five-year term, called the elections more than a year earlier than scheduled as he saw that economic and financial trouble was brewing. It was not clear how much impact the volatility would have on the elections. In a bid to ease fears, Erdogan has also vowed fiscal discipline and moves to rein in inflation and current account deficit after the elections. At a market in Istanbul's Eminonu district, shoppers and sellers said they felt the pinch from the decline in the currency and double-digit inflation. The Turkish lira's slide was in part a global trend affecting the currencies of emerging markets, with investors shifting their money into higher-yielding investments in the United States. Turkey has been hit especially hard because of the political backdrop, including Erdogan exerting pressure on the central bank. Erdogan has won successive elections on the strength of a vibrant economy in the past 15 years. More recently though, he has adopted an increasingly authoritarian turn, cracking down on dissent and concentrating more powers in his hands. A state of emergency imposed following a 2016 failed military coup has allowed him to rule by decrees and has resulted in tens of thousands of arrests. Critics say Erdogan needs to abandon authoritarian policies and carry out liberal reforms in order to bring stability to the economy. A survey by the Ankara-based Metropoll research group conducted in April indicated that 50.6 percent of the respondents said their living conditions and welfare level had "deteriorated" in the past year. Only 16.6 percent said their conditions had improved. Find out more about AP Archive: http://www.aparchive.com/HowWeWork Twitter: https://twitter.com/AP_Archive Facebook: https://www.facebook.com/APArchives Google+: https://plus.google.com/b/102011028589719587178/+APArchive​ Tumblr: https://aparchives.tumblr.com/​​ Instagram: https://www.instagram.com/APNews/ You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/477299ed01821c8cdb5083d41ed9fb69
Views: 1175 AP Archive
old turkish lira for sale
 
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I created this video with the YouTube Slideshow Creator (http://www.youtube.com/upload COMMENET AND LIFE YR EMAIL
Views: 2918 bybycairo1
Turkish lira falls more than 1% against US dollar | Money Talks
 
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The Turkish lira has been dealt a fresh blow. It fell more than 1% against the US dollar on Tuesday after data showed the inflation rate hit a 14-year high in June. We speak to Taha Arvas, financial columnist at the Daily Sabah newspaper. He says rising global energy prices are the main reason behind Turkey's soaring inflation rate. And that Turkey's central bank has no choice but to increase rates again. Subscribe: http://trt.world/subscribe Livestream: http://trt.world/ytlive Facebook: http://trt.world/facebook Twitter: http://trt.world/twitter Instagram: http://trt.world/instagram Visit our website: http://trt.world
Views: 2155 TRT World
Li Larijani to Turksh Anatoli news : Dealing in Turkish Lira depend on rate of exchange
 
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During press conference of Ali Larijani , Ali Larijani answer question of Anatoli reporter about dealing in TL and said , We have no objection , but it will depend o rate of exchange !
Views: 348 Manuchehr lenziran
Turkish central bank rate change boosts the lira - economy
 
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The Turkish lira has strengthened after the central bank raised one of its interest rates to... euronews, the most watched news channel in Europe Subscribe for your daily dose of international news, curated and explained:http://eurone.ws/10ZCK4a Euronews is available in 13 other languages: http://eurone.ws/17moBCU http://www.euronews.com/2013/07/23/turkish-central-bank-rate-change-boosts-the-lira The Turkish lira has strengthened after the central bank raised one of its interest rates to support the currency. Bank officials also said they would, if necessary, take further steps to stop the lira from falling. The overnight lending rate was put up to 7.25 percent from 6.5 percent. Raising that rate increases the real interest rate on lira assets and makes them more attractive to foreign investors, supporting the currency. Whether that in itself will be enough remains to be seen. The move was in response to capital outflows that have knocked the value of the lira down as much as nine percent against the dollar, despite attempts by the central bank to prop it up. The lira has been weakened by uncertainty over the US Federal Reserve's bond-buying stimulus programme and by widespread public demonstrations against the government last month. The bank kept other rates - such as its one-week repo policy rate and its benchmark borrowing rate unchanged. It is a major reversal by the central bank, which two weeks ago was railing against what it called the 'interest rate lobby' which it said was conspiring to manipulate interest rates. At that time it steadfastly refused to use a shift in interest rates to support the lira. Prime Minister Tayyip Erdogan has long championed low interest rates, fearing an economic slowdown ahead of elections, but the central bank has already burned through $6.6 billion (five billion euros) of its reserves to try and boost the lira, a policy it cannot pursue indefinitely. Reassurances from Fed Chairman Ben Bernanke last week over the pace of the US central bank's plans to withdraw monetary stimulus have boosted sentiment in emerging markets, lending support to the lira in recent days and taking some pressure off Turkey's central bank. Find us on: Youtube http://bit.ly/zr3upY Facebook http://www.facebook.com/euronews.fans Twitter http://twitter.com/euronews
Views: 5253 euronews (in English)
Turkish Real Estate Half Price 00905346967077
 
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Views: 86 Hakan Enes Barur
Currency Rates in Pakistan - Currency Rates Today in Pakistan (01-10-2018)
 
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Currency Rates in Pakistan - Currency Rates Today in Pakistan (01-10-2018) #pakistan #currencyexchangerates #pakistanopenmarketrates #currencyratesinpakistan #forex Currency Rates Today in Pakistan Currency Rates in Pakistan Currency Rates Today Currency Rates explained Currency Rates Currency Rates Today india Currency Rates Today uae Currency Rates Today in Pakistan indian Currency Rates Today in Pakistan today malaysia Currency Rates in pakistan today live euro rate today in pakistan Saudi Riyal Rates in Pakistan UAE Dirham Rates in Pakistan British Pound Rates in Pakistan USD Dollar Rates in Pakistan Euro Rates in Pakistan Pakistan Rupee Exchange Rates 2017 mjh studio Channel link Subscribe Here: https://www.youtube.com/channel/UCohh9khHhBaVr2Ih7OGvSng Saudi mein Aaj Ka Riyal Rate - 04 July 2018 in Hindi/Urdu | INDIA|Pakistan|Bangladesh|Nepal https://youtu.be/NWSotqY5s3Q DISCLAIMER: This Channel DOES NOT Promote or encourage Any illegal activities , all contents provided by This Channel is meant for EDUCATIONAL PURPOSE only . Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for fair use for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use #mjhstudio
Views: 13816 MJH Studio
Turkish lira extends decline | Money Talks
 
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There seems to be no respite for the Turkish lira. It fell to another record low on Tuesday, trading at 4.45 against the US dollar. Mobin Nasir looks at what's driven the currency further down.
Views: 4022 TRT World
Turkey's Central Bank Raises Rates To Compete Globally
 
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In a bold move, Turkey's Central Bank raised return rates in an effort to look more appeal to foreign investors.
Views: 622 Newsy World
Turkish currency crisis deepens as lira hits record low
 
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Turkey’s economic crisis is deepening as the value of the Turkish lira hit a record low. Turkey is locked in a diplomatic dispute with U.S. President Donald Trump who has doubled steel and aluminum tariffs against the country prompting the currency free fall. To read more: http://cbc.ca/1.4783000 »»» Subscribe to CBC News to watch more videos: http://bit.ly/1RreYWS Connect with CBC News Online: For breaking news, video, audio and in-depth coverage: http://bit.ly/1Z0m6iX Find CBC News on Facebook: http://bit.ly/1WjG36m Follow CBC News on Twitter: http://bit.ly/1sA5P9H For breaking news on Twitter: http://bit.ly/1WjDyks Follow CBC News on Instagram: http://bit.ly/1Z0iE7O Download the CBC News app for iOS: http://apple.co/25mpsUz Download the CBC News app for Android: http://bit.ly/1XxuozZ »»»»»»»»»»»»»»»»»» For more than 75 years, CBC News has been the source Canadians turn to, to keep them informed about their communities, their country and their world. Through regional and national programming on multiple platforms, including CBC Television, CBC News Network, CBC Radio, CBCNews.ca, mobile and on-demand, CBC News and its internationally recognized team of award-winning journalists deliver the breaking stories, the issues, the analyses and the personalities that matter to Canadians.
Views: 24391 CBC News
Peso plunges while lira recovers some ground | Money Talks
 
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It was another tough week for emerging market currencies as concerns in Argentina and Turkey battered the peso and lira. Michael Ingram, chief market strategist at the corporate investment management company, WH Ireland, gives us his analysis. #Peso #TurkishLira #Currency
Views: 1854 TRT World
Turkish lira falls to record low
 
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The value of the Turkish lira is sinking fast against the US dollar. Foreign imports are more expensive, inflation is set to rise, businesses are struggling to pay foreign debt and this is expected to translate to higher unemployment rates in the future. Turkey is still reeling from a summer of violent protests and a high-level corruption probe. Al Jazeera's Anita McNaught reports from Istanbul.
Views: 5802 Al Jazeera English
Turkish lira hits record low after US announces review of duty-free access
 
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Subscribe to France 24 now: http://f24.my/youtubeEN FRANCE 24 live news stream: all the latest news 24/7 http://f24.my/YTliveEN The lira, tumbling again....Turkey''s currency lost 5 and a half percent of its value Monday, the biggest one-day drop in nearly 10 years -- sliding to a new record low against both the US dollar and the Euro.In Istanbul, as across the country, the purchasing power of everyday Turks is in steep decline.UGUR ARSLAN, SELF-EMPLOYEDOur income is in lira but our spending is mainly indexed to the dollar. When you have a fixed income, it''s more difficult to cover the expenses. PVC WINDOW DEALER, LEVENT SUBASII am concerned about the fall in our currency because my business depends on exhange rates. We import the basic materials from abroad. We had to increase the prices four times this year. The lira has lost more than a quarter of its value since the start of the year, amid fears over President RecepTayyip Erdogan''s push for greater control over monetary policy.Monday''s drop followed the Trump administration''s announcement Friday that it would be reviewing Turkey''s duty-free access to the US market, a move that could affect some 1.7 billion dollars in Turkish exports.That review, a response to Ankara''s imposition of retaliatory tariffs on US goods after Trump put in place US tariffs on imported steel and aluminum in June.Turkey''s arrest of an American pastor accused of involvement in the failed 2016 coup attempt is adding to the tensions - last week Washington imposed sanctions on the Turkish justice and interior ministers over the affair.The lira regained some ground in early Tuesday trade amid reports that Ankara will be sending a delegation to Washington to try to and ease the strained relations between the two NATO allies. Visit our website: http://www.france24.com Subscribe to our YouTube channel: http://f24.my/youtubeEN Like us on Facebook: https://www.facebook.com/FRANCE24.English Follow us on Twitter: https://twitter.com/France24_en
Views: 1643 FRANCE 24 English
Impressive fall of Turkish Lira exchange rate  after political  Bottleneck in Turkey
 
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According to news published in Turkey , the Turkish Lira rate of exchange decreased after coalition of Turkish government with Left looks not possible , an early election is envisaged by most of political analyst .
Views: 1194 Manuchehr Lenziran
Exchange Rates Of The Canadian Dollar (CAD)...
 
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Official Exchange Rates Of The Canadian Currency... (Information Source: Bank Of Canada) 1 USD United States Dollar to CAD 1 EUR Euro to CAD 1RUB Russian Ruble to to CAD 1 TRY Turkish Lira to CAD 1 SAR Saudi Arabian Riyal to CAD 1 MXN Mexican Peso to CAD 1 RMB Chinese Renminbi to CAD 1 JPY Japanese Yen to CAD 1 BRL Brazilian Real to CAD 1 CHF Swiss Frank to CAD 1 AUD Australian Dollar to CAD 1KRW South Korean Won to CAD 1 INR Indian Rupee to CAD 1 IDR Indonesian Rupiah to CAD 1 MYR Malaysian Ringgit to CAD Canadian dollar rates today... CAD prices... Exchange rates of the Central Bank of Canada... How much Canadian dollar... USD/CAD forecast... EUR/CAD forecast... Forex and money rates in Canada... Курсы валют канадского доллара (CAD)... Kanada dolarının döviz kuru... أسعار صرف الدولار الكندي (CAD)... 캐나다 달러 (CAD) 환율... カナダドルの為替レート(CAD) ... 加元汇率 ... Taux de change du dollar canadien ... कनाडाई डॉलर की विनिमय दरें ... Tipos de cambio del dólar canadiense ... Taxas de câmbio do dólar canadense ... Tassi di cambio del dollaro canadese ... Kadar Pertukaran Dolar Kanada ... Wechselkurse des kanadischen Dollars ...
Turkish lira hits record low
 
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The Turkish lira tumbled more than five percent on Wednesday (May 23) before recovering some ground, the latest drop in a sell-off that reflects growing investor alarm over the direction of monetary policy under President Tayyip Erdogan. The decline brings the lira's losses to more than 20 percent so far this year and puts it on track for its worst monthly performance since the 2008 financial crisis. "I think markets are beginning to take fright at the extent of government interference over certainly central bank policy," Commerzbank global financial economist Peter Dixon told Reuters. Residents and tourists in Istanbul commented on the drop on Wednesday, with one woman calling for "immediate intervention." A self-described "enemy of interest rates", Erdogan wants borrowing costs lowered to spur credit growth and construction, and he said last week he would seek greater control over monetary policy after elections set for June 24 . The sell-off has also increased expectations that the central bank may be forced to call an extraordinary meeting to raise interest rates before its next scheduled policy-setting meeting on June 7, as it has done in previous years. Borsa Istanbul Group, the Istanbul stock exchange company, said in a statement on Wednesday it had converted its foreign currency assets into lira, aside from its short-term needs, in a step to support the Turkish currency.
Views: 659 World News
Currency crisis sending Turkish lira down against US dollar
 
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The "Squawk on the Street" news team discusses the moves in the Turkish lira and what it means for the overall economy of the country and broader markets.
Views: 27120 CNBC Television
FAKE TURKISH LIRA NOTE | (TURKEY/TURKISH) CURRENCY CONVERSION IN CHENNAI
 
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People in chennai are falling behind the fake (turkish lira note /turkish currency) conversion process blabbering about K-series and L-series are valid and can be converted for huge crores. Turkey demonetised a series of notes in 2010. The demonetised notes cannot be used for transactions but can be exchanged at central bank offices. The government has given a 10 year window (10 years!) to exchange the notes which is quite something. (Visit my blog for individual pictures by clicking the link below) http://destyy.com/wULnAy
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Money Talks: Turkish Lira falls to record low against US Dollar
 
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Rising inflation and growing strains with overseas allies are spooking investors away from the local currency. The Turkish Lira touched a record low of 3.97 against the US Dollar early on Tuesday. Mobin Nasir reports. For their analyses Daily Sabah Financial columnist Taha Arvas joins us. Subscribe: http://trt.world/subscribe Livestream: http://trt.world/ytlive Facebook: http://trt.world/facebook Twitter: http://trt.world/twitter Instagram: http://trt.world/instagram Visit our website: http://trt.world
Views: 3991 TRT World
🇹🇷 Erdogan's currency woes: What's next for Turkey's lira? | Counting the Cost
 
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At the end of a volatile week for the embattled Turkish lira, President Recep Tayyip Erdogan has called on Turks to convert foreign currency savings into the country's currency. The lira, which has fallen about 15 percent this year, hit a low of 4.93 against the US dollar on Wednesday, before Turkey's central bank raised its top interest rate by three percentage points to 16.5 percent in an attempt to help stabilise the currency. Erdogan has been struggling to stop the currency crisis ahead of the snap presidential and parliamentary elections on June 24. On Wednesday, credit ratings agency Moody's cut Turkey's economic growth forecasts. Offering his take on Turkey's economy, Charles Robertson, chief global economist at Renaissance Capital, explains that the big swings in the currency are due to "a massive build-up of private sector debt in Turkey over the last 10-15 years." He says that in recent years there's been growing concern that "at some point in the medium term, like now, you're going to see a lending stop, growth stop, and then people flee Turkish assets because people have been buying into Turkey under the assumption it would grow five percent forever and the risk is it's going to slump into recession." While Turkey's private sector debt is around 70 percent of GDP (gross domestic product), the "particular size of the borrowing is not the issue ... China is double that," he says. "It's the scale of the increase over 10 years, which usually coincides with excess borrowing, bad borrowing decisions - perhaps into real estate or something similar - and that tips over. We saw that a lot in the global financial crisis across Eastern Europe countries and to some extent the US had that problem in the global financial crisis." Asked about Erdogan's recent comments describing high-interest rates as the "mother of all evil", Robertson says, "Erdogan was the market's darling for a decade or so. And there was always local concern that he was encroaching his powers getting too great. He's now been empowered for so long that there is very little constraint upon him ... But it's the central bank which has people concerned the most because Turkey relies on foreign capital to fund its current account deficit ... It needs foreign capital. So to say 'we don't want to pay the interest rates required to attract that capital has frightened the markets." This week, the central bank finally announced a streamlining of interest rate tools to focus on having one single main rate to reassure investors. "The 300 bases point rate hike has helped, having interest rates up at around 16 percent has helped, but also for a number of years the central bank has been trying to raise rates but not tell the electorate in Turkey that they're raising rates to try and keep the President [Erdogan] happy," says Robertson. "This repo rate, which was sitting at around at eight percent, and has now been raised to 16.5 percent or so. That is a sign that finally orthodoxy seems to have won. And in the longer run that will work, like it worked for Russia." "Orthodoxy does win in the end and it looks like Erdogan has given up ... The central bank is being allowed to do what orthodox people would suggest and what the market wanted to see." But in the short term, Robertson believes that we will "see inflation rise and that's going to hurt poor people. It usually hurts the poorest." He predicts that growth will be slow, "at best two to three percent this year. And the population is growing [at the rate of] one to two [percent], so per capita, that's really not much of a gain. These are tough times for Turks now." More from Counting the Cost on: YouTube - http://aje.io/countingthecostYT Website - http://aljazeera.com/countingthecost/ - Subscribe to our channel: http://aje.io/AJSubscribe - Follow us on Twitter: https://twitter.com/AJEnglish - Find us on Facebook: https://www.facebook.com/aljazeera - Check our website: https://www.aljazeera.com/
Views: 42681 Al Jazeera English
Why is the Turkish lira so weak?
 
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The Turkish lira hit an all-time low, dragging down other emerging market currencies like the South African rand and the Mexican peso. Richard Segal, senior analyst at Manulife Asset Management, tells IGTV’s Victoria Scholar that Turkey’s full-blown currency crisis is largely self-inflicted. #TurkishLira #Erdogan Subscribe: https://www.youtube.com/IGUnitedKingdom?sub_confirmation=1 Learn more about IG: https://www.ig.com?CHID=9&SM=YT Twitter: https://twitter.com/IGcom Facebook: https://www.facebook.com/IGcom LinkedIn: https://www.linkedin.com/company/igcom We provide fast and flexible access to over 10,000 financial markets – including indices, shares, forex and commodities – through our award-winning range of platforms and apps. Established in 1974 as the world’s first financial spread betting firm, we’re now the world’s No.1 provider of CFDs and spread betting* and a global leader in forex. We also offer an execution-only share dealing service in the UK, Ireland, Germany, Austria and the Netherlands. We have recently launched a range of affordable, fully managed investment portfolios, to provide a comprehensive offering to investors and active traders. Through our low fees and smart price-sourcing technology, we help traders keep their costs down. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading spread bets and CFDs with this provider†. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit. * Based on revenue excluding FX (published financial statements, February 2018). † For the 12 months preceding 1 July 2018.
Views: 1456 IG UK
Why the Turkish lira remains low | Short View
 
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► Subscribe to FT.com here: http://on.ft.com/2eZZoLI ► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs The FT's Jonathan Eley explains the reasons behind the Turkish lira's weakness For more video content from the Financial Times, visit http://www.FT.com/video Twitter https://twitter.com/ftvideo Facebook https://www.facebook.com/financialtimes
Views: 31037 Financial Times
America turkey issue 2018, tariff on aluminium and steel , turkish lira by Donald trump
 
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America and Turkey has economic war now a days, Questions and queries from our topic are 1) America and turkey issue hindi urdu 2) Donald Trump and turkey issue hindi urdu 3) Turkey Lira price Pakistan hindi urdu 4) Why Turkey currency Lira is felling down hindi urdu 5) Turkey Lira price in Pakistan hindi urdu 6) Aluminium and steel tariff hindi urdu 7) Aluminium and steel tariff for turkey hindi urdu. 8)America doubles a steel and aluminium rates hindi urdu. 9) Tayyab Erdogan hindi urdu. 10) Tayyab Erdogan reaction on america tariff hindi urdu. 11) Tayyab edrdogan asks to sell gold , euros and dollars. 12) Why Lira turkish Currency is going down. 13) Why donald trump imposed aluminium and steel tariff on turkey. 14) , Turkey current situation in world . 15) Turkey Economy down reasons. 16) Reasons for low Lira rate 17) Why turkey currency plunging . 18) Turkey and America 19) Turkish currency rate in Pakistan. 20) Turkey America Economy war . 21) Turkey america relationship. 22) Donald Trump asked foreign investors. 23) Aluminium and steel tax in America for turkey. 24) Turkey exports in Pakistan 25) Steal and aluminium rates for Turkey 26) Why turkey is facing economic crises 27) Iran and Turkey relationships 28) Donald Trump and Tayyab Erdogan fights. 29) Donald Trump ordered his nation 30) USA united states dollar and Turkey Turkish Lira Lera price down youtube urdu. 31) President donald trump and Tayyab erdogan 32) Tax and tariffs youtube urdu 33) America Turkey clash 34) reasons for america turkey 35) economy war USA Turkey 36)turkey stock exchange 37) turkey crisis 38) European stock exchange 39) turkey america 40 ) current affairs in turkey 41 ) Turkey America fight 42) America Turkey fight 43) Users for Pakistan and india 44) steel and aluminium crisis turkey 45) Turkey Urdu 46) Turkey America 47) Turkey 48) Erdogan 49) Urdogan 50) tayyab erdogan 51) tayyab ardogan 52) turkey pakistan 53) turkey america 54) turkey crisis 55) turkey steel 56) turkey aluminium
Views: 4751 Muhammad Hamza
Turkish lira strengthens against USD after interest rate hike
 
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TRT World journalist Mobin Nasir has the latest on the Turkish central bank's decision to increase interest rates to 24 percent.
Views: 306 TRT World Now
Turkey 5,000,000 lira.1lira cost in indian currency 18 rupees contact me8985709979
 
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Gold is Turkey’s Only Hope At Saving The Lira - Expert
 
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The only chance that Turkey has to stabilize the lira and stop further depreciation is to establish a currency board and anchor the lira to another reserve, like gold, said Steve Hanke, professor of Applied Economics at the Johns Hopkins University and senior fellow at the Cato Institute. “Under a currency board arrangement that was gold-based, the lira would trade at a fixed exchange rate to gold, be freely convertible, and it would be fully backed 100% by gold. So, the lira would literally be as as good as gold,” Hanke told Kitco News. Hanke noted that under this arrangement, inflation in Turkey would “collapse,” from 100% on an annual basis down to “almost nothing, overnight,” further stabilizing the lira. He added that this currency board arrangement is Turkey’s only option at preventing further lira depreciation at this point, as by definition, capital controls under a currency board with a fixed currency is not possible, and raising interest rates would also not be economically sound policy given the high inflation rate. “There’s no way that the lira will stabilize with the current system that they have. The inflation rate, as I measure it, is around 100% in Turkey right now, on an annual basis, and that implies that to get a real yield that’s positive, you’d have to have interest rates over 100% and that of course, that will kill the Turkish economy,” he said. Hanke added that Turkey is no stranger to lira collapses, as their currency has witnessed similar rapid depreciation in the past. “They’re slow learners,” he said. _________________________________________________________________ Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions. Subscribe to our channel to stay up to date on the latest insights moving the metals markets. For more breaking news, visit http://www.kitco.com/ Follow us on social media: Facebook - https://www.facebook.com/KitcoNews/?ref=br_rs Twitter - https://twitter.com/kitconewsnow Google+: https://plus.google.com/u/0/116266490328854474588 StockTwits - https://stocktwits.com/kitconews Live gold price and charts: http://www.kitco.com/gold-price-today-usa/ Live silver price and charts: http://www.kitco.com/silver-price-today-usa/ Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: https://connect.kitco.com/subscription/newsletter.html Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/ Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.
Views: 53916 Kitco NEWS
Rupee Hits Record Low as Turkish Lira Leeds EM Currency Sell-Off
 
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Aug.14 -- The Indian rupee fell to a record low on a sell-off in emerging market currencies led by the Turkish lira. Bloomberg's Kartik Goyal reports on "Bloomberg Surveillance."
Turkish Lira: A guide and brief history of the Turkish Lira currency
 
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The Turkish Lira is the official currency of Turkey and the Turkish Republic of Northern Cyprus. It carries the International Standard Currency Code: TRY. Monetary policy is managed by the Central Bank of the Republic of Turkey who are responsible for regulating Turkey's currency market and protecting the value of the Turkish Lira along with the central government. The Lira is the official currency of Turkey. The Lira is divided into 100 Kurus. The Lira has it’s roots in the ancient roman unit of weight called the Libra which referred to Troy pound of silver. For more travel tips: https://www.compareholidaymoney.com Social Media Facebook: https://www.facebook.com/CompareHolidayMoneyUK Twitter: https://twitter.com/cholidaymoney LinkedIn: https://www.linkedin.com/in/uk-compare-network-64865b38/ Blog: https://www.compareholidaymoney.com/blog/ About Compare Holiday Money Compare Holiday Money is a free travel money comparison site helping you find the best currency exchange rates available online today.
Turkish Lira Sign - Explained
 
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Support us on Patreon! https://www.patreon.com/Wellactually Thank you so much for watching! If you like this, please feel free to share, like, comment and subscribe! By the way; If you enjoyed this, please share it on Reddit, Twitter, Facebook, etc. For a small channel like this, it really helps out a lot! And I appreciate it :) Please Subscribe!: https://www.youtube.com/c/WellActually?subconfirmation=1 Follow us on Twitter! - https://twitter.com/WellActuallyC Thanks to Pyrafire for the graphics - https://twitter.com/PyraFire Help translate the show -http://www.youtube.com/timedtext_cs_panel?c=UCLzELCDHdDfPaJSZ-BJTawA&tab=2 Other Videos to check out: Why is China called China? https://www.youtube.com/watch?v=UjTFFUSrUB8 Why is Hungary called Hungary? https://www.youtube.com/watch?v=ABrkgCdsSaM Flags of Hong Kong and Macau https://www.youtube.com/watch?v=Jz0i2MEU_Wo Well Actually is a channel all about facts! Most of our videos focus on Geography, History and Flags so if any of these topics are of interest to you, why not check us out? New videos come out every Monday and occasionally on Wednesdays and Fridays as well. #Wellactually #Teamowl #Facts
Views: 4342 Well... Actually
Chinese Renminbi, Yuan Exchange Rates...
 
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25. 01. 2019 Exchange Rates of the Chinese currency Renminbi, Yuan... United States Dollar (USD) to Renminbi or Yuan (RMB, CNY) … United Arab Emirates Dirham (AED) to Renminbi or Yuan (RMB, CNY)… Brazilian Real (BRL) to Renminbi or Yuan (RMB, CNY)… Russian Ruble (RUB) to Renminbi or Yuan (RMB, CNY)… Euro to Renminbior Yuan (RMB, CNY)… Indian Rupee (INR) to Renminbi or Yuan (RMB, CNY)… Turkish Lira (TRY) to Renminbi or Yuan (RMB, CNY)… Japanese Yen (JPY) to Renminbi or Yuan (RMB, CNY)… Philippine Peso (PHP) to Renminbi or Yuan (RMB, CNY)… USD to Yuan (CNY)… AED to Yuan… EUR to Yuan… INR to Yuan… TRY to Yuan… RUB to Yuan… BRL to Yuan… PHP to Yuan… AED to Yuan… YPY to Yuan… CNY exchange rate today… RMB exchange rates… China currency rates… Exchange Rates Of The Bank Of China (BOC) Yuan prices... CNF Forex Rates... China's money rates... Курсы китайского юаня ... 中国银行汇率(BOC) Курсы валют Банка Китая (BOC) ... Çin Bankası Döviz Kurları (BOC) ... बैंक ऑफ चाइना (बीओसी) की विनिमय दरें ... أسعار صرف بنك الصين (بوك) ... 中国銀行の為替レート(BOC)... Taxas de Câmbio do Banco da China (BOC) ... USD/CNY, EUR/RMB, PHP/CNY, BRL/RMB, TRY/CNY, INR/CNY How much is one dollar in China... how much is 1 dollar worth in china... How much one euro equal in yuan... Yuan exchange rate chart... how much is renminbi or yuan in dollars... how much 1 euro in yuan... yuan vs dollar... 1 yuan is equal to how many rupees... Cinese currency forex exchange rate...
Turkish Lira Crisis USD/TRY [07/09/] Syria Idlib Turkey Maas Cavusoglu Erdogan
 
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#turkishlira #usdtry #turkishliracrisis Hello my dear Turkish Lira traders & everyone else who is interested in the ongoing Turkish Lira crisis. As always, we look at the fundamental news first, and second at the technical analysis . Important fundamentals: -The Turkish government has ruled that exporters might convert 80% of their foreign exchange revenue into Lira within 180 days -The central bank has already announced tightening policy coming next week, and thus, has set the bar pretty high (president Erdogan is, at least in front of the camera, against interest rate hikes) -Potential war in Idlib/Syria: The Turkish society sees Syrian refugees already as a drain on the economy, connecting it to the demise of the Lira. Obviously another attack in Syria, which leeds to another inflush of refugees, could lead to further tentions. Germany's foreign minister is visiting Turkey right now in order for potential help in the attack scenario Have fun watching! ;) Subscribe to my channel if you don't want to miss updates to the Turkish Lira crisis!
Geo-Political Economic Crisis| Turkish Lira & Pak Rupee Fall
 
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#ImranKhan #PakistanCrisis #TurkeyErdogan The financial crisis a decade ago struck at the very heart of the global economy – the strategically important banks in the United States and Europe. But it took time to arrive. The “big one” of 2008 followed a series of mini-crises elsewhere in the world. Over a 15-year period, problems in the emerging markets worked their way to the heart of the international system. Mexico, Thailand, Indonesia, South Korea, Brazil, Russia and Argentina were all warning signs that unchaining global finance would eventually prove costly to the rich developed countries as well. Unfortunately, the warning signs were ignored. That’s why Turkey matters. The recovery from the recession 10 years ago has been patchy. Trade tensions have been rising. Reform of the financial system has been incomplete. For the time being, Turkey looks like a localised crisis with no significant spillover effects. It has the potential to be more serious than that. For a start, it is a relatively big country, with a population of 80 million and an economy four times as big as neighbouring Greece. Turkey’s geopolitical significance extends beyond the fact that it straddles Europe and Asia. As a member of Nato, it has traditionally been seen as part of the west’s defence against Russian expansionism. It is also currently the home to 3 million Syrian refugees, many of whom would like to be living in the European Union. What’s more, its problems – while acute – are not unique. Many emerging market economies borrowed heavily in dollars when American interest rates were at rock-bottom levels. The result was credit-driven growth, which starts to look fragile when – as now – and the . Turkey, though, is in a class of its own. An economic and financial crisis that has been brewing all year has finally come to a head. Inflation has hit 15% and will inevitably be pushed higher because the lira is in free fall, dropping 14% on Friday alone. As Capital Economics have noted, when the rouble fell by a similar amount in 2014, the Russian central bank responded by raising interest rates by 6.5 percentage points and announced measures to support the banking system. Russia had learnt lessons from its previous crisis, not least the need for ample foreign currency reserves to help defend the exchange rate. Turkey does not have deep pockets and has a president, Recep Tayyip Erdoğan, who has decided that the conventional response to a plunging currency – higher interest rates – is not for him. Erdoğan is one of the world’s current crop of self-styled strongmen leaders but has the misfortune to come up against someone who is a lot stronger than he is. Relations between Turkey and the US are not good. The White House is unhappy that Erdoğan has put in an order with Vladimir Putin to buy Russian rather than American missiles. When Donald Trump announced economic sanctions against Iran last week, Erdoğan pointedly refused to take part. And, so far, Turkey has refused to release an American pastor, Andrew Brunson, held on disputed terrorism charges. Trump chose his moment well. On Friday, when Turkey was in chaos, he announced that he was doubling tariffs on imported steel and aluminium, vital to the Turkish economy. Talk about kicking someone when they are down. Erdoğan has insisted that he will not be browbeaten into submission but has few realistic options. To be sure, Turkey can seek to put pressure on Trump by saying that it will quit Nato and forge closer ties with Russia. Erdoğan could warn the EU that it will face a new inflow of migrants unless it intervenes on his behalf. But what the financial markets are looking for are not diplomatic moves that demonstrate Turkey’s geopolitical importance but rather economic measures to prevent a potentially ruinous tsunami of selling over the coming days. In that respect, failure to tackle the signs of trouble earlier will now prove costly. Erdoğan’s answer to the financial crisis – that his followers should do their patriotic duty and exchange rapidly appreciating US dollars for ever-more worthless Turkish lira – is laughable. Indeed, it will merely add to the belief in the world’s financial markets that Turkey is being led by a man who has lost touch with reality.
Views: 3981 Muhammad Qasim
TURKEY: LIRA DROPS AGAINST THE US DOLLAR
 
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Turkish/Nat XFA The Turkish lira dropped 27 percent against the dollar on Thursday after the government abandoned exchange-rate controls to stem a financial crisis sparked by a quarrel between Turkey's two top leaders. Bankers said that in early trading with the Central Bank the exchange rate was 950-thousand lira to one U-S dollar, compared with 688-thousand lira on Wednesday. Bankers warned a more accurate indication of the lira's value won't happen until further announcements on how the government will revise Turkey's ambitious anti-inflation programme. The devaluation of the lira helped an ailing stock market, though. It rose more than 10 percent to 7,945 points in the morning session, a day after losing 18 percent in its steepest fall ever. The crisis has led to widespread panic and a rush to buy U-S dollars on the black market. Illegal foreign exchange offices were swamped by Turkish citizens on Thursday as the country's economy continued to crash. Since Turkey began its anti-inflation programme backed by 11 (b) billion U-S dollars in loans from the International Monetary Fund, it had set daily currency rates for the lira against the dollar and euro. Overnight lending rates reached an annualized 7,500 percent Wednesday, helping destabilise markets already fuelled by fears of a major political crisis. By dropping the exchange-rate controls, Turkey is abandoning a key element of its economic stabilization programme. The government said it remains committed to the program, including the rapid privatisation of the state-owned fixed-line telephone monopoly. The managing director of the I-M-F, Horst Kohler, released a statement in support of the action taken by the Turkish Central Bank. Kohler said the decision to float the Turkish lira "should help stabilize the exchange rate and ensure - possibly after an initial increase - that the inflation rate continues to decline." SOUNDBITE: (English) "The president of IMF already announced that they were aware of the policy changes in Turkey. They approve them and they still stand powerfully behind the programme and offer their support. Therefore, I don't think there will be any unfavourable reaction from the IMF circles." SUPER CAPTION: Professor Paner Berksoy, Bilgi University, Istanbul SOUNDBITE: (English) "Since the future now is unpredictable one can hardly say that the changes in, the changes in the Turkish economy, the macro-economic variables and other performance criteria will continue to approach the European conditions." SUPER CAPTION: Professor Paner Berksoy, Bilgi University, Istanbul SOUNDBITE: (Turkish) "You wake up in the morning and don't know what to do, unemployment is growing, there is nothing else to say." SUPER CAPTION: Vox Pop - Necdet Gurel SOUNDBITE: (English) "In Turkey everything is under state control, people living in Turkey should be relaxed everything will be good at the near future. Everyone shall see." SUPER CAPTION: Vox Pop - Muhsin Ozturk You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/a3a3b0e21877ec84f404a16e0c11dd2c Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 759 AP Archive
Bengaluru police arrest four persons for exchanging Turkish currency Lira illegally
 
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4 persons including a police constable were arrested for illegally trying to exchange Turkish currency lira equivalent to Rs 71 Crore to 2 businessmen.
Views: 2387 Apna Gujarat
LEARN AND SEE SOME TURKEY MONEY.
 
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LEARN AND SEE SOME TURKEY MONEY TURKEY MONEY.
Views: 19340 Edward Charles