PPRuNe Forums - View Single Post - THY 20% increase 777/330 for 70h per month
Old 13th Apr 2015, 20:42
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foswillruletheworld
 
Join Date: Mar 2015
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marvelman,
I was about to share that information. Thanks for taking the action quickly.
The currency of $ against TL is very unstable right now. Yesterday it was 2,62TL and today it is 2,67. I don't know if THY has a currency rate protection for foreigners or not, but the unstability will continue until the elections which will take place on 7th June. After that FED will decide on incresing the interest rates and the currency is expected to reach 1USD=3TL.(3.2 according to some big shot CEO friends who work on some big shot finance establishments)
I think THY will respond to that quickly but you never know.
Some people might want to stay away from Turkey for a while. I think that is a good idea. Especially for ones who is looking for FO positions.
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