So, is Turkey and Venezuela the two major countries that are actively going through a currency crisis?
What are they doing that’s so different from everyone else? Drop interest rates, print more money.
I don’t know what Erdogan’s plan is, but unless they find strong export partners, devaluing the currency isn’t going to work out. We expect everything coming out of Turkey to be cheaper now, but who’s buying (importing)?.
What are they doing that’s so different from everyone else? Drop interest rates, print more money.
I don’t know what Erdogan’s plan is, but unless they find strong export partners, devaluing the currency isn’t going to work out. We expect everything coming out of Turkey to be cheaper now, but who’s buying (importing)?.