CBR: October macroeconomic forecast upgrades 2024 growth, but will slow in 2025
1 hour ago
All Turkish lira coins, excluding the biggest denomination of one lira, are presently worth less than their scrap value, @e507 wrote on June 24 in a tweet.
In the table below, he calculates the scrap values of Turkish lira (TRY) coins based on metal market prices.
One kurus (TRY0.01) weighs 2.2 grams and is 90% copper (Cu) and 10% zinc (Zn). One gram of copper is worth TRY0.08 on the London Metal Exchange (LME) and one gram of zinc is worth TRY0.03.
As a result, one kurus is worth around 16 kurus in metals, providing a 15-kurus, or 1,539%, arbitrage opportunity.
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CBR: October macroeconomic forecast upgrades 2024 growth, but will slow in 2025
The ranges of analysts’ forecasts for the next years have narrowed for most indicators. At the same time, the ranges for GDP growth, unemployment rate, RUB/$ exchange rate, exports, imports and Brent oil price are widening by the end of the period,
Turkey sticks with 50% policy rate for eighth straight month
Reports say some carry traders have closed lira positions, but the smooth nominal devaluation and real lira appreciation policy remains on track.
More than half of Ukrainians favour peace talks as war reaches 1,000 days, finds Gallup poll
Over half of Ukrainians now support negotiations to end the war with Russia, marking a significant shift in public sentiment as the conflict surpasses its 1,000th day, according to Gallup polls released on November 19.
What happens if aid to Ukraine collapses under Trump?
Researchers at the Kiel Institute for the World Economy, which has been tracking aid to Ukraine's war effort, have calculated hypothetical scenarios of what they believe Ukraine aid could look like in 2025, once Trump takes office in January.
Popular support for Ukraine falling amongst allies
Nato's most recent survey of its member country populations showed that even among those nations that are Ukraine's biggest supporters in terms of its war effort against Russia, many constituents disagree with continued support, Statista reports.
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