İbrahim Kahveci, an economist who writes for the choice newspaper, made an evaluation on the financial agenda. In his article, Kahveci drew consideration to the fixed depreciation of the TL’s worth and stated, “You possibly can even search for dried beans… It is best to know.”
Kahveci’s article within the Determination is as follows:
“Whereas it looks as if everyone seems to be profitable, truly everyone seems to be dropping. The actual losers are the banks… As a result of their tangible property aren’t that huge both… The worth of TL of their arms is continually lowering.
So the place to take a position the cash? Or ought to we not save and eat wildly? Good, however we had put aside cash for our youngster who will learn… Or to go on pilgrimage… Is the Hajj cash gone now too…
Under is the change within the TL deposit rate of interest and the value of dry beans. Within the final 1 yr, whereas TL has earned round 16 p.c, dry beans have elevated by 140 p.c. So to talk, it earned 10 occasions greater than TL.
Why ought to folks preserve their cash in TL?
It may be stated that the second greatest perform of TL, which is the “saving” instrument in a spot the place even dry beans acquire 10 occasions extra worth, is not on the shelf. We are going to solely do immediate purchasing with TL… that is all.
Actually, I acknowledged in my “Little America” article that we began to index TL to the US greenback. Actually, I defined that financial savings in TL have been declining quickly and that it could not be potential to provide loans in TL quickly… I even went additional: I defined that the monetary establishments that will give loans in TL would both be at nice danger or not be capable to keep within the center…
The scenario is obvious…
The system goes quick in the direction of overclogging.
Remind me…
You possibly can even search for dried beans… you recognize.”
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