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Foreign Currencies

[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'] Oct 23, 2018 @ 10:38 AM / by Genie Martens

 

Volatility Affecting International Assignees – How Should Mobility Respond?

News about extraordinary economic volatility in major emerging market countries such as Argentina, Brazil, Turkey, South Africa, and others has global mobility departments questioning whether they need to take any special measures to address the concerns of their international assignees



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[fa icon="calendar'] Aug 27, 2018 @ 12:19 PM / by Morgan Grenier

Devaluation and Redenomination in Venezuela

The economy of Venezuela continues to be one of the most volatile in the world. On Friday, August 17, President Nicolas Maduro announced the devaluation of the Bolivar Fuerte (VEF) from about 250,000 to 6,000,000 VEF to 1 USD.



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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'] Aug 15, 2018 @ 11:45 AM / by Gerald Abbey


 August 30th and September 4th: AIRINC Institute, Part 5

Join us for part 5 of the 2018 AIRINC Institute, an educational webinar series covering everything from the essentials to the latest trends in Global Mobility.



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[fa icon="calendar'] Aug 09, 2018 @ 08:23 AM / by Gerald Abbey


 August 22 and 28: AIRINC Institute, Part 4

Join us for part 4 of the 2018 AIRINC Institute, an educational webinar series covering everything from the essentials to the latest trends in Global Mobility.



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[fa icon="calendar'] Aug 02, 2018 @ 07:43 AM / by Gerald Abbey


 August 9th and 14th: AIRINC Institute, Part 3

Access part 3 of the 2018 AIRINC Institute, an educational webinar series covering everything from the essentials to the latest trends in Global Mobility.



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[fa icon="calendar'] Jul 30, 2018 @ 11:42 AM / by Gerald Abbey

 August 7th and 9th: AIRINC Institute, Part 2



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