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[fa icon="calendar'] Dec 14, 2018 @ 01:58 PM / by Gerald Abbey

Ankara, Turkey as seen during an AIRINC on-site cost of living survey.

Currency Bans in Turkish Real Estate Market

For many years, the expatriate rental market in Turkey has been dominated by leases signed and paid in USD or EUR. In September of this year, President Erdogan issued a decree stating that all leases in foreign currency must be converted to Turkish lira (TRY). This move was made to stem the sharp inflation that battered Turkey’s currency in 2018, resulting in a loss of over half its value at its worst point.



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[fa icon="calendar'] Aug 15, 2018 @ 04:01 PM / by Meleah Paull

The Tumult of the Turkish Lira

The Turkish lira has had a volatile year and an especially tumultuous past week. In July, the Central Bank of Turkey alarmed investors by keeping interest rates steady even as CPI annual inflation rose to double digits.



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[fa icon="calendar'] Oct 31, 2017 @ 03:11 PM / by Morgan Grenier

Qatar Diplomatic Crisis

More than a hundred days have passed since the beginning of the Qatar diplomatic crisis



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[fa icon="calendar'] Jun 13, 2017 @ 10:26 AM / by Morgan Grenier

In the week following the Saudi Arabia-led blockade against Qatar, the original five countries participating has expanded to nine. The blockade of Qatar has many components, including the closure of land borders and airspace as well as shipping ports in participating countries, the expulsion of Qatari citizens from participating countries, and a ban against Qatar Airways.



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[fa icon="calendar'] Apr 26, 2017 @ 10:04 AM / by Morgan Grenier

While the official exchange rate for Venezuelan Bolivares Fuertes is USD1.00=VEF10.00, the black market rate in Caracas on Friday, April 24th reached 4711.73 bolivars per USD, the highest in the country’s history, and a depreciation of 6.4% in the last week and 40.5% in the last month.



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[fa icon="calendar'] Dec 16, 2016 @ 02:32 PM / by Morgan Grenier

This has been a year of economic upsets and surprises around the globe. On the heels of India’s demonetization of five-hundred and one-thousand-rupee notes, Venezuela has recalled its one-hundred-bolivar note, previously their highest denomination bill.



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[fa icon="calendar'] Nov 09, 2016 @ 01:06 PM / by Morgan Grenier

Shocking the country, PM Narendra Modi announced that Rs 500 and 1000 bills are void and unable to be used legally as tender for commerce as of November 9, 2016.



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[fa icon="calendar'] Nov 04, 2016 @ 03:11 PM / by Morgan Grenier

In a surprise move, the Central Bank of Egypt announced its decision today to float the Egyptian Pound, reducing its value by nearly fifty percent against the U.S. dollar



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