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Uptin
United States
Приєднався 31 тра 2006
Former CNBC Journalist, now Digital Nomad. I tell stories about money and economics.
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Turkey’s Economic Crisis: Can it be stopped?
Turkey's inflation recently hit 75%. Breakfast for two went from 150 Turkish Lira a few years ago, to 1,300 Lira. So what's happening and can it be stopped?
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Turkey's Inflation Crisis 2021
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Egypt's Currency Crisis
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Why Lebanon is switching to US Dollar
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Up Your Knowledge!
► Subscribe: UA-cam.com/uptin
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Watch some more of my videos!
Turkey's Inflation Crisis 2021
ua-cam.com/video/465sKRS_4M0/v-deo.html
Egypt's Currency Crisis
ua-cam.com/video/gc6EcUeTgDY/v-deo.html
Why Lebanon is switching to US Dollar
ua-cam.com/video/S5LDwRSuFDQ/v-deo.html
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So visiting turkey we need a minimum of $4000 it seems...
Friend with US can br really bad.
Evropa USA the Western control the economy of oll worldwide they made the difference between companies and economy of different countries
American prices, Turkish salaries
The people of Turkiya are not welcoming tourists special Arabs. They just are damaging one important income.
Use bitcoin. Problem solved.
3:12 😂😂😂 top gibi konusuyor amk
Some prospects are important to understand here. 1. Turkey is one of the developing countries where living standards are good. Besides Turkey have great potential to be the developed industrial country in limited time. 2. Turkey because of it’s position, history and policy development is so much attractive to international community. But Turkey has not been that successful when it comes to application. For example Turkey’s second home program has attracted huge investment in real estate but such so the real estate price has gone up to 180% in Istanbul, which is great burden to locals. In that manner Turkey could have attracted investment in manufacturing, agriculture and of course in tourism infrastructure development. Medical tourism can also be important in that list. 3. Following the previous point Turkey also failed to be an international financial hub. It’s banking and financial institutions should have gain more exposure. So still now it’s not late work on these issues. Turkey is a beautiful country of nice people.
Blame the dictator. They voted for him so they deserve the inflation!
yes they are hungry but they have drones, new airplane, new tank and a new helicopter carrier.And a promise from the sultan for a new ottoman empire. That would be enough to fill their stomach.
And here i wanted to move to Turkey from Pakistan who is also having a brain drain. Sigh. Atleast you guys dont have a political crisis. Its complicated.
The seller asked me 200 TL for fresh squeeze cup of orange juice 😫
I dont think corporations have really realized yet how little loyalty gen z and millenials have to companies. Some may, sure; but im working to pay rent and bills and thats abt it. Nearly everyone i know is ALWAYS networking and keeping an eye out for better jobs and opprotunities and arent afraid to quit at the drop of s hat for a better one. Maybe the companies and corporations ahould start treating workers likenhumans instead of robots
Lower interest do what Erdoğan says, it's not against conventional ideas. Both are true
We visited Turkey, Istanbul for the first time last month, for 5 days, it was very expensive due to inflation. Everything we brought, was double or triple the price. But it was a one time experience for us. In the future, we would like to go out other parts of Turkey but that is in the future when the cost goes down.
What bout the Hashish?
Are you insane, from what angle do you see Indian politics instable,,,,Indian is the most democratic and politically stable ...country
I've visited Istanbul in 2017 when 1 Turkish lira was 1 Brazilian real and again in 2023 when 1 Turkish lira was 0.2 Brazilian real but despite the drop in the exchange rate everything was much more expensive. I'm visiting Istanbul again late this month. Awesome city and country you have. Good luck with the economy in the future my brothers.
I was there a few weeks ago. My god everything is so expensive.
The Bigmac don't have tomato and have a special Bigmac sauce. The McPlant can't taste like a Bigmac.
My dad used to live in El Salvador 🇸🇻 he told me El Salvador was a bad country back then since he was born during the civil war. my dad, my grandma Yolanda and grandpa Carlos left when my dad was five
if the price rise in dollar term too, then the economy is growing?
I can't finish your video because the lack of basic macroeconomic knowledge is stifling. 1. The reason you have vastly more purchasing power with the dollar now vs. then is that the US federal reserve bank has hiked rates nearly 600 basis points in 18 months in the US... 2. Turkey needs to raise rates... That's it... choke off the borrowing...
Selfishness is the only root of this problem
This whole problem can get resumed in just one word: selfishness.
If Turkey joins bricks does that help their currency
It s soooo crazy
i don't even think disasterous economic "policies" are unintentional. i think who rules turkey and his political party is the nr1 enemy of turkish people. he is devaluing turkish lira and skyrocketing us dollar because he and whoever he serves have dollars to buy whatever turkey has. turkey is free buffet for those who are dollar millionaires. or euro, or any other respectable currency really.
75% inflation is what government calculates, which is severely under reported. Erdogan replaced that government agency multiple times. Others measure the turkish inflation at double that around 140%, look at ENAG inflation
better buy Gold and Silver
I was about to be mad tht she forgot India but after knowing Y she count India out I thought she made a good point 😂😂
I don’t think you explored Bali enough because south Bali has white sand beaches just not Canggu and north because of volcano. Also I lived in Bali for a year through storms and all and even in places that are far from tourists and never once had an issue with Wi-Fi actually some of the best WiFi in the world that I have experienced. I lived in both places and highly prefer Bali.
In short, they are losers
Inflation nuts cause Turkeys president supports terrorists
Just like how people go to Italy for pizza, someday I will go to Turkey for shawarma or durum. ❤️
The president arduan made a very smart decision. Banding export to Israel. He doesn't need the money coming from Israel. 😂😂😂😂
I'll consider going to Greece this summer instead of Turky ..
Is it really the same price in Greece?
This happens when you let a radical Islamist Egyptian (Muslim Brotherhood) run your country! 😅
Burni ghandhi
The people wanted it. They voted for Erdogan. They want these high prices.
Interesting that nobody sees this as the value of the dollar crumbling
👍👍I love the grounded reality of this channel! Despite the economic recession, I no longer depend on Government Grants since I acquire $40,400 weekly profits
Great news! how did you get that?
It's all thanks to Robert Marion
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Yeah, $60k from Robert Marion, looking up to acquire a new house, blessings 🙌
*thank you Erdoğan*
All asiatic regimes (the definition of despotism) extract even the last drop of blood from their subjects by printing money in order to feed the masters of the society. Fortunately in Greece the printing machine is not in the hands of someone that speeks romeika (greek). Unfortunately for us the economic crisis last for ever, driving the young people to leave the country.
They voted for this guy so they must love what he is doing to them
8 million Russians come evey year to Turkey for holidays This year it will be maybe 500 000 This country is doomed
Everything went according to Erdogan's economic plan. Smart people know what they want and who they voted for. Don't worry!
Prices are higher than in France. I live in a big nice city and i wll never come back to Turkeye This country wilk be soon in bankruptcy !!!!
You forgot to mention that the banks are not allowed to grant currency exchange for its citizens from Turkish lira to dollar due to the fact that the Lira will drop even more in value. So if you do it anyway, you will get heavily taxed which only causes problems for you instead. Also Visa/Mastercards don’t work on international payments because they don’t want the money to leave turkey.
That's all lie why are you lying to people?