Turkijerel late lira and euro unchanged

Turkijerel late lira and euro unchanged

World March 13, 2017 08:42

- The diplomatic row between the government of Erdogan and the Netherlands has little impact on their currencies.

The Turkish lira fell 1% Monday, after tumbling 30% in 2016 and 10% in 2017 so far.

For Euro buyers were 3.9937 Turkish lira. That was Friday 3,985 Turkish lira, and as the lira stood at 4,015.

' This is not startling. The Turkish lira has long been under enormous pressure, 'said Rob Beemster Barcelona Currency Experts, which supervises many entrepreneurs. ' The market estimates the movement of Erdogan not very relevant. It makes everything together little impact on currency trading. Entrepreneurs think differently than politicians who just want to drive business. Unless it comes to real sanctions. '

The Turkish economy is on the list of the International Monetary Fund first place among the Dutch.

' This is especially the growing strength of the euro, 'said currency trader Laurens Maartens (NBWM). The euro went against the dollar to $ 1.07. ' This riot has so far currency insignificant. '

The Turkish currency has lost more than 10% of its value in 2017. Turkey can no longer borrow money on the international capital except at high interest rates. Its bonds are named as 'junk'.

Partly because now threatens inflation for Turks to get out of hand.

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