any chance the pound dropping

serks


Joined: 21/09/2010
Posts: 108

Message Posted:
21/05/2011 09:13

any chance the pound dropping.. my mortgage is sterling but i am earning TL. its killing me...

negativenick


Joined: 10/11/2008
Posts: 6023

Message Posted:
21/05/2011 09:23

best to have nothing then you've got no worries.............



or as uncle percy once said:



"i started off with nothing - and i've now got most of it left"...........

ClaireCat44



Joined: 17/09/2008
Posts: 739

Message Posted:
21/05/2011 12:53

Mes 1, I know exactly how you feel. My car installments are in pounds and it's a lot to pay out each month from my local TL salary when the pound is up. It can add another 100tl to the amount some months. Luckily I've only got another 10 months until it's paid off!

Lilli



Joined: 21/07/2008
Posts: 13081

Message Posted:
21/05/2011 13:10

Same for us, the rent for the restaurant and the house is in sterling, what did we take lira.

Ailletoo


Joined: 24/01/2009
Posts: 1003

Message Posted:
21/05/2011 13:28

Me too!



Everything I have is in Lira. Can't understand why they use Sterling here as one would never use Turkish Lira or any other currency in the UK. Enlighten me someone.

YFred


Joined: 06/05/2009
Posts: 1471

Message Posted:
21/05/2011 13:48

It started being used when the Turkish Lira was too unstable but more recently it is as stable as Sterling so there is no need.

But I suspect old habits Bruce Willis, so you may not find anybody to lend you YTL.

Pugwash


Joined: 06/09/2010
Posts: 1797

Message Posted:
21/05/2011 18:24

The reason they use Sterling is twofold, one they like to hedge their bets as a lot of imports are bought in pounds or Euros etc and secondly many TC's have UK bank accounts..............................................

Brinsley


Joined: 04/04/2009
Posts: 6858

Message Posted:
21/05/2011 19:34

Msg 7

What bull! The reason that £ has been rising against TL has nothing to do about Sterling's strength but a subtle, hidden, controlled devaluation by the Central Turkish Bank to kick start Turkey's huge export manufacturing sector. The TL was overheating but a blatant devaluation as happened in February 2001 would have sent out to many shock-waves for economic stability and further growth.



Richard

deputydawg


Joined: 30/03/2010
Posts: 1727

Message Posted:
21/05/2011 22:05

The Wildebeest (bless her) uses worry free budgeting. If there are cheques left in the chequebook assume there is money in the bank !