People keep talking how weak dollar and how bad usa economy getting - page 2.

philipma1957

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Quote from: hafiztalha on November 20, 2023, 08:04:17 AM

Quote from: bluebit25 on September 05, 2023, 03:47:30 AM

In fact, what we observe with the current situation, the unemployment index, employment, output, ... refers to the general context of the economy is very difficult, the position of the United States over the years. Recently, it has been struggling with its strong rise in the mid-terms. From the time of the epidemic, to other notable international issues, many large countries are wanting to separate from US control in the economic aspect. I do not expect the competitive scenario to lead to war settlements, but still hope that economic transformation and change will make the countries harmonious, no matter who's economic status, it would be great if they worked together to help people overcome difficulties.

There is no to devalue of dollar because USA economy is very strong. They are involved in every War and they sell their weapons . That is why,their economy value can't fall. There are thousands of which are investing in dollars and now in International market it's position is very strong. In last month it's value fell 5 percent but now it's value
static and it's value will increase due to War of Israel and phalasteen. USA is companion of Israel and USA don't want peace in the earth .If peace is everywhere then who will buy the weapons of USA.Also USA economy is strong due to education public of America.

USA
France
UK
Russia
China

all make serious cash selling weapons.

Even Turkey was clearing out drones like made selling to Ukraine.
Lastly Iran has been dealing in weapons for a while.

So warmongering is a big industry and quite a few people are in on it.

When I was a young man I was naive enough to think the U.S.A. wanted to keep the peace the reality is many countries make good money selling weapons so peace is a very wishful idea.

dansus021

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yea I also think the same shit I mean if we creating fiat backed by gold today the US and UK is controlling most of the gold right now and they combine has the biggest reserve in the world currently. If you look at the Gold price The volatility is not as strong as the bitcoin I mean a yearly hold gold only make Up by single digit percentage.

and yes the US dollar is getting strong especially in my country here take a look the image.

14% up just in 3 year Sad

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Quote from: G_Besar on September 06, 2023, 04:09:42 AM

Generally, each country will only care about the economy in its own region because any country will not always have the heart to see the condition of its people who always live in difficulty. The United States itself also still wants to maintain good relations with many countries, especially countries that have production raw materials that can be used as their capital to continue running factories and companies producing ready-to-use goods.

This means that unemployment, jobs and people's permanent income can still be created when large companies and factories can still operate as usual so that not many people experience difficulties in the economic sector. Because every country will continue to collaborate with related parties in order to continue with better development, even though it is slower because they have to face difficult conditions like now.

Countries are naturally inclined to prioritize their own economic interests because the well-being of their citizens is ultimately their responsibility, but this doesnt mean that countries are completely isolationist. They often maintain trade relations with other countries, especially those that have resources they need to fuel their own industries.

Of course, countries also need to balance their economic interests with other considerations, like national security and environmental protection. They may also need to cooperate with other countries on issues such as climate change and pandemics. while countries are naturally focused on their own economies, they also need to maintain positive relationships with other countries in order to achieve their long-term goals. This requires a delicate balance between self-interest and cooperation.

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Quote from: hafiztalha on November 20, 2023, 08:04:17 AM

Quote from: bluebit25 on September 05, 2023, 03:47:30 AM

In fact, what we observe with the current situation, the unemployment index, employment, output, ... refers to the general context of the economy is very difficult, the position of the United States over the years. Recently, it has been struggling with its strong rise in the mid-terms. From the time of the epidemic, to other notable international issues, many large countries are wanting to separate from US control in the economic aspect. I do not expect the competitive scenario to lead to war settlements, but still hope that economic transformation and change will make the countries harmonious, no matter who's economic status, it would be great if they worked together to help people overcome difficulties.

There is no to devalue of dollar because USA economy is very strong. They are involved in every War and they sell their weapons . That is why,their economy value can't fall. There are thousands of which are investing in dollars and now in International market it's position is very strong. In last month it's value fell 5 percent but now it's value
static and it's value will increase due to War of Israel and phalasteen. USA is companion of Israel and USA don't want peace in the earth .If peace is everywhere then who will buy the weapons of USA.Also USA economy is strong due to education public of America.

“Wolves in sheep's clothing” is a fitting term to describe the United States today. The US is clearly a founding country and upholder of human rights both domestically and in the world, but it seems like the US is denying this, America has come like a hero in creating world peace. However, America also triggered conflicts between countries that ended in war. And with the many conflicts that occur, this makes most countries compete to strengthen their defenses by continuing to buy defense equipment, and it is true that the biggest supplier of defense equipment and war is the United States, so that when peace is created, the US will be at a huge disadvantage. .

hafiztalha

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Quote from: bluebit25 on September 05, 2023, 03:47:30 AM

In fact, what we observe with the current situation, the unemployment index, employment, output, ... refers to the general context of the economy is very difficult, the position of the United States over the years. Recently, it has been struggling with its strong rise in the mid-terms. From the time of the epidemic, to other notable international issues, many large countries are wanting to separate from US control in the economic aspect. I do not expect the competitive scenario to lead to war settlements, but still hope that economic transformation and change will make the countries harmonious, no matter who's economic status, it would be great if they worked together to help people overcome difficulties.

There is no to devalue of dollar because USA economy is very strong. They are involved in every War and they sell their weapons . That is why,their economy value can't fall. There are thousands of which are investing in dollars and now in International market it's position is very strong. In last month it's value fell 5 percent but now it's value
static and it's value will increase due to War of Israel and phalasteen. USA is companion of Israel and USA don't want peace in the earth .If peace is everywhere then who will buy the weapons of USA.Also USA economy is strong due to education public of America.

DrBeer

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Quote from: bakasabo on September 07, 2023, 05:22:45 AM

Quote from: DrBeer on September 06, 2023, 03:37:04 AM

Just to clarify a little bit:
4. At the same time, if we do not talk about purchases at the bazaar and small shops, a very convenient mechanism of payment is payment by card. It works perfectly, the rate is quite acceptable. I in Turkey often paid for purchases by card, and it was an account with Ukrainian hryvnia, when paying there was an automatic debit in Turkish lira / dollars at the rate of the national bank.

My bank account is in Euro, and paying by card, specially in small shops and at the bazaar was very unprofitable for me. Example - I want to buy a bottle of cola in a small shop. It cost 2 EUR based on the tag. At the cash desk they charge my card TRY with rate 0.25 EUR for 1 TRY, while google shows 0.34, and national bank shows 0.3 (and my bank uses completely different exchange rate). They charge me 8 TRY, for which the bank deduct me for 2.4 EUR + 2.5 EUR exchange fee. Even if I would buy TRY at home, that bottle would cost me less. When was the last time you were in Turkey ?

Strange enough... Why does the issuing bank of your card, in fact, have the right to convert your currency at ITS OWN rate?
In Ukraine, cross-border payments are made at the rate of the National Bank. This applies to any card transactions. For example, I am converting the hryvnia on the map into:
- dollars when buying on Aliexpress
- Turkish lira, when buying goods in Turkey
- in USD or Euro, in DutyFree shops, when I am at the airports
- and even on the site powercoin.it, when I buy numismatic products there - the equivalent amount in hryvnias is deducted from me (the amount in Euro * the rate of the National Bank)

There are more questions for your bank, these are his "tricks"

bakasabo

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Quote from: DrBeer on September 06, 2023, 03:37:04 AM

Just to clarify a little bit:
4. At the same time, if we do not talk about purchases at the bazaar and small shops, a very convenient mechanism of payment is payment by card. It works perfectly, the rate is quite acceptable. I in Turkey often paid for purchases by card, and it was an account with Ukrainian hryvnia, when paying there was an automatic debit in Turkish lira / dollars at the rate of the national bank.

My bank account is in Euro, and paying by card, specially in small shops and at the bazaar was very unprofitable for me. Example - I want to buy a bottle of cola in a small shop. It cost 2 EUR based on the tag. At the cash desk they charge my card TRY with rate 0.25 EUR for 1 TRY, while google shows 0.34, and national bank shows 0.3 (and my bank uses completely different exchange rate). They charge me 8 TRY, for which the bank deduct me for 2.4 EUR + 2.5 EUR exchange fee. Even if I would buy TRY at home, that bottle would cost me less. When was the last time you were in Turkey ?

G_Besar

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Quote from: bluebit25 on September 05, 2023, 03:47:30 AM

In fact, what we observe with the current situation, the unemployment index, employment, output, ... refers to the general context of the economy is very difficult, the position of the United States over the years. Recently, it has been struggling with its strong rise in the mid-terms. From the time of the epidemic, to other notable international issues, many large countries are wanting to separate from US control in the economic aspect. I do not expect the competitive scenario to lead to war settlements, but still hope that economic transformation and change will make the countries harmonious, no matter who's economic status, it would be great if they worked together to help people overcome difficulties.

Generally, each country will only care about the economy in its own region because any country will not always have the heart to see the condition of its people who always live in difficulty. The United States itself also still wants to maintain good relations with many countries, especially countries that have production raw materials that can be used as their capital to continue running factories and companies producing ready-to-use goods.

This means that unemployment, jobs and people's permanent income can still be created when large companies and factories can still operate as usual so that not many people experience difficulties in the economic sector. Because every country will continue to collaborate with related parties in order to continue with better development, even though it is slower because they have to face difficult conditions like now.

DrBeer

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Quote from: bakasabo on September 05, 2023, 02:38:19 AM

Quote from: DrBeer on September 04, 2023, 08:07:24 AM

Quote from: bakasabo on September 04, 2023, 06:29:51 AM

My notice. I got just returned from Turkey. Besides their national currency, Turkish Lira, I saw that vendors, hotels and service providers have switched to Euro. Previous time I have visited Turkey was two years ago, and that time I've made all payments in USD. Now it was Euro everywhere. And that was not only in tourist area. They write prices in Euro, but give you receipts in TRY with a remark like "0.2 EUR = 5.80 TRY".

I'm going to have to disappoint you

For example, since 2018 approximately, when Russia took offense at Turkey, and did not think of anything better as a ban on visits to Turkey by Russian citizens - in Turkey, in the tourist zone payments were accepted in dollars, euros and Ukrainian hryvnia

.
We used to vacation in Turkey all the time, since about 2003, and then the dollar was almost "the second official currency". Now I communicate with friends who are Turkish citizens - the dollar is also accepted. The only nuance - the turnover of EURO has increased, as the number of tourists who used to bring dollars - residents of Ukraine, Russia, Belarus - has decreased. Europeans, it is logical to assume, go with their EURO.

PS Here's another example - a friend's mother sells Turkish things. She travels independently and buys in Turkey. She settlements with manufacturers in dollars, and no one refuses to accept them

Maybe this is just local thing in Antalya and Kemer. As a european, I used to take dollars also with me all the time we visit Turkey. This time I was focused more on vacation, so I barely took US dollars with, because I did not plan to leave hotel at all. Was surprised to see EUR everywhere. Maybe this is just local Turkish smart move, as they charge 1 USD = 1 EUR rate.

P.S. I have planned not to spend much and did not take much USD - paid in EUR instead. My plan has failed...

Quote from: Hispo on September 04, 2023, 06:29:37 PM

I don't know about you, but in my eyes it kind of bizarre how a country can switch between currencies in such a drastic manner. I can understand the impact of inflation and how it can force people to adopt a new de facto foreign coin, but if they switched from dollars to Euros because the influx of tourists, then it makes me believe Turkey must be a country which heavily depends on tourist, rather than international exportation of goods, because in the international market the USD is still the standard, specially in western ones.

It is ok for Turkey to make currency switch, as tourism is their third biggest income source.

Just to clarify a little bit:
1. and most importantly, multicurrency in common usage does have "regional peculiarities". Self - tourist area. From Bodrum to Alanya. At least in these areas I have been to often. The second is the "shopping centers of Turkey".

2- Regarding EURO. Yes, there is a nuance - "confidence" in the Euro in the Turkish market, I'm talking again about the tourist zone, did not appear immediately. And initially the priority was given to the dollar. And I agree, in the early 2000 and until about 2010 I saw Europeans more often paying in dollars than in euros.

3.Historically, from Eastern Europe or ex-USSR countries almost always carried dollars.

4. At the same time, if we do not talk about purchases at the bazaar and small shops, a very convenient mechanism of payment is payment by card. It works perfectly, the rate is quite acceptable. I in Turkey often paid for purchases by card, and it was an account with Ukrainian hryvnia, when paying there was an automatic debit in Turkish lira / dollars at the rate of the national bank.

justdimin

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Quote from: Etranger on September 05, 2023, 05:31:06 AM

Quote from: Hispo on September 04, 2023, 06:29:37 PM

I don't know about you, but in my eyes it kind of bizarre how a country can switch between currencies in such a drastic manner. I can understand the impact of inflation and how it can force people to adopt a new de facto foreign coin, but if they switched from dollars to Euros because the influx of tourists, then it makes me believe Turkey must be a country which heavily depends on tourist, rather than international exportation of goods, because in the international market the USD is still the standard, specially in western ones.

I don't see any problem in the fact that the country is tourist-oriented. In many countries, income from tourism is one of the main parts of the budget. Take the Emirates, Austria or Switzerland as an example. And when tourism is a significant part of earnings, the country makes the conditions for tourists as comfortable as possible. And the ability to pay in a currency familiar to the majority of tourists is a very good and smart move. After all, firstly, it increases the flow of tourists, and secondly, the exchange rate is set to the benefit of the host party.

Definitely something that is nice for a nation, also the meaning is nice as well. Like for example if you make money from industry, that means people prefer to buy stuff from you, if you make money from financial stuff, it means people like to make money with you, but if you make the most money from tourism, that means people love to visit your nation and love seeing your nation, which means your nation is worthy of seeing, that's a good meaning, it must mean good things.

Doesn't mean the nation must be rich, people at bora bora are not richer than most people at New York, but it's still preferable destination to be in rather than a crowded city. That's the point of the tourism income and it's a good one.

bakasabo

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Quote from: laurenB7742 on September 05, 2023, 04:01:41 AM

Quote from: bakasabo on September 04, 2023, 06:29:51 AM

My notice. I got just returned from Turkey. Besides their national currency, Turkish Lira, I saw that vendors, hotels and service providers have switched to Euro. Previous time I have visited Turkey was two years ago, and that time I've made all payments in USD. Now it was Euro everywhere. And that was not only in tourist area. They write prices in Euro, but give you receipts in TRY with a remark like "0.2 EUR = 5.80 TRY".

You mean, you traveled in Turkey and during that time you had to use Euros for all your bills, not USD? Or is it just that some services have switched to using Euro? It would be great if you could ask the people around you why they switched to Euro instead of USD, but I guess you didn't ask them.

Many people still cannot accept that the dominance of the USD is gradually weakening and they still affirm that the USD is still stronger than ever. Yes, the USD is still the global reserve currency, still dominates the world, but it is no longer as popular as it was many years ago. The process of de-dollarization is actually happening.

At the hotel (food, activities and etc) and in nearby places (sightseeing, shops (not with souvenirs, but local shops with food, market) I have used only Euro, and all the price tags were in Euro (except a shop with food). Several years ago, I had to buy US dollars and use them for purchases in Turkey. This time I have used Euro everywhere. At some places they even gave me GBP coins as change... I could understand that Euro is around only in tourist areas, but I happened to face EUR signs everywhere. That is why I thought that USD is slowly going away from Turkey, when it particularly was like their second currency. I cant now ask why there was Euro all around me, as I have already left Turkey.

pawel7777

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Quote from: slapper on September 05, 2023, 10:15:12 AM

The power-play is about leading in decentralized tech, not cheap manufacturing or growth. Unless national economies catch up, the decentralized economy will leave them behind.

Isn't that a bit of an oxymoron though? How does a nation lead in decentralised technology? Being decentralised means it operates outside of any borders or local laws and it's not controlled by any party, so where's the benefit of it from governments' point of view?
Unless I'm missing something big here, the only advantage is, when you legalise and regulate the use of decentralised systems, you could then tax your citizens on related gains (as opposed to putting them behind bars), but that's hardly a "power-play" from the geopolitics perspective.

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Quote from: Mauser on September 05, 2023, 08:33:21 AM

Quote from: Shortmaster on August 24, 2023, 06:38:29 AM

The Putin x ping chuina and non of the bricks countries are not serious and looking funny until USA controls the gold price together with UK and controls the markets with USD trading currency mostly.

Even china and Putin knows they are fools and it's all circus

It's time to say how the things Are really happening in the world

Russia is no competition to the USA anymore, since the breakup of the USSR the main competitor to the USA is China. China has been doing a great job in building up their country in the last 20 years, they have very strong growth rates. The question is now if China is every going to overtake USA as the world power. At the moment it doesn't look like it, there are many problems in China which will prevent them reaching the same growth rates as in the past. The closer China gets to the USA the harder it will be to keep up strong growth. It was one thing to be the cheap manufacturer of the world to lift their population out of poverty, and something completely different to become a fully developed nation. Also there is a lot of trade wars happening between the two which is going to be a problem for China to get all the technological knowhow they need to advance. The USA is already shifting to other countries for cheap production and manufacturing, for China it's going to be hard to switch.

Geopolitical relations between the US and China are changing. However, decentralized cryptocurrencies change the landscape. China has banned Bitcoin, while the US is hesitant about regulations.

Russia may appear behind post-USSR in the traditional economic sector, but in cryptocurrencies, they're stupid for lacking in blockchain adoption. China's crypto hegemony and trade disputes may slow tech growth. The US has supported Bitcoin developments despite its conservatism.

The power-play is about leading in decentralized tech, not cheap manufacturing or growth. Unless national economies catch up, the decentralized economy will leave them behind.

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Quote from: Shortmaster on August 24, 2023, 06:38:29 AM

The Putin x ping chuina and non of the bricks countries are not serious and looking funny until USA controls the gold price together with UK and controls the markets with USD trading currency mostly.

Even china and Putin knows they are fools and it's all circus

It's time to say how the things Are really happening in the world

Russia is no competition to the USA anymore, since the breakup of the USSR the main competitor to the USA is China. China has been doing a great job in building up their country in the last 20 years, they have very strong growth rates. The question is now if China is every going to overtake USA as the world power. At the moment it doesn't look like it, there are many problems in China which will prevent them reaching the same growth rates as in the past. The closer China gets to the USA the harder it will be to keep up strong growth. It was one thing to be the cheap manufacturer of the world to lift their population out of poverty, and something completely different to become a fully developed nation. Also there is a lot of trade wars happening between the two which is going to be a problem for China to get all the technological knowhow they need to advance. The USA is already shifting to other countries for cheap production and manufacturing, for China it's going to be hard to switch.

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Quote from: Hispo on September 04, 2023, 06:29:37 PM

I don't know about you, but in my eyes it kind of bizarre how a country can switch between currencies in such a drastic manner. I can understand the impact of inflation and how it can force people to adopt a new de facto foreign coin, but if they switched from dollars to Euros because the influx of tourists, then it makes me believe Turkey must be a country which heavily depends on tourist, rather than international exportation of goods, because in the international market the USD is still the standard, specially in western ones.

I don't see any problem in the fact that the country is tourist-oriented. In many countries, income from tourism is one of the main parts of the budget. Take the Emirates, Austria or Switzerland as an example. And when tourism is a significant part of earnings, the country makes the conditions for tourists as comfortable as possible. And the ability to pay in a currency familiar to the majority of tourists is a very good and smart move. After all, firstly, it increases the flow of tourists, and secondly, the exchange rate is set to the benefit of the host party.

laurenB7742

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Quote from: bakasabo on September 04, 2023, 06:29:51 AM

My notice. I got just returned from Turkey. Besides their national currency, Turkish Lira, I saw that vendors, hotels and service providers have switched to Euro. Previous time I have visited Turkey was two years ago, and that time I've made all payments in USD. Now it was Euro everywhere. And that was not only in tourist area. They write prices in Euro, but give you receipts in TRY with a remark like "0.2 EUR = 5.80 TRY".

You mean, you traveled in Turkey and during that time you had to use Euros for all your bills, not USD? Or is it just that some services have switched to using Euro? It would be great if you could ask the people around you why they switched to Euro instead of USD, but I guess you didn't ask them.

Many people still cannot accept that the dominance of the USD is gradually weakening and they still affirm that the USD is still stronger than ever. Yes, the USD is still the global reserve currency, still dominates the world, but it is no longer as popular as it was many years ago. The process of de-dollarization is actually happening.

bluebit25

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In fact, what we observe with the current situation, the unemployment index, employment, output, ... refers to the general context of the economy is very difficult, the position of the United States over the years. Recently, it has been struggling with its strong rise in the mid-terms. From the time of the epidemic, to other notable international issues, many large countries are wanting to separate from US control in the economic aspect. I do not expect the competitive scenario to lead to war settlements, but still hope that economic transformation and change will make the countries harmonious, no matter who's economic status, it would be great if they worked together to help people overcome difficulties.

Inwestour

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Quote from: Hispo on September 04, 2023, 06:29:37 PM

I don't know about you, but in my eyes it kind of bizarre how a country can switch between currencies in such a drastic manner. I can understand the impact of inflation and how it can force people to adopt a new de facto foreign coin, but if they switched from dollars to Euros because the influx of tourists, then it makes me believe Turkey must be a country which heavily depends on tourist, rather than international exportation of goods, because in the international market the USD is still the standard, specially in western ones.

It depends on the region, Turkey has well-developed industrial regions and there are those that are completely dependent on tourists. It is precisely the tourist regions that will accept any currency that tourists bring with them, there is no big difference whether it is dollars or euros, they will simply write the rate at which they accept a certain currency for payment, if this rate does not suit you, you can exchange dollars or euros to lira in exchangers and pay with lira.

DrBeer

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Quote from: Hispo on September 04, 2023, 06:29:37 PM

Quote from: DrBeer on September 04, 2023, 08:07:24 AM

Quote from: bakasabo on September 04, 2023, 06:29:51 AM

My notice. I got just returned from Turkey. Besides their national currency, Turkish Lira, I saw that vendors, hotels and service providers have switched to Euro. Previous time I have visited Turkey was two years ago, and that time I've made all payments in USD. Now it was Euro everywhere. And that was not only in tourist area. They write prices in Euro, but give you receipts in TRY with a remark like "0.2 EUR = 5.80 TRY".

I'm going to have to disappoint you

For example, since 2018 approximately, when Russia took offense at Turkey, and did not think of anything better as a ban on visits to Turkey by Russian citizens - in Turkey, in the tourist zone payments were accepted in dollars, euros and Ukrainian hryvnia

.
We used to vacation in Turkey all the time, since about 2003, and then the dollar was almost "the second official currency". Now I communicate with friends who are Turkish citizens - the dollar is also accepted. The only nuance - the turnover of EURO has increased, as the number of tourists who used to bring dollars - residents of Ukraine, Russia, Belarus - has decreased. Europeans, it is logical to assume, go with their EURO.

PS Here's another example - a friend's mother sells Turkish things. She travels independently and buys in Turkey. She settlements with manufacturers in dollars, and no one refuses to accept them

I don't know about you, but in my eyes it kind of bizarre how a country can switch between currencies in such a drastic manner. I can understand the impact of inflation and how it can force people to adopt a new de facto foreign coin, but if they switched from dollars to Euros because the influx of tourists, then it makes me believe Turkey must be a country which heavily depends on tourist, rather than international exportation of goods, because in the international market the USD is still the standard, specially in western ones.

They don't switch. We know that Turkey is not only a tourist country, but tourism is part of Turkey

And as in any tourist country - it has a peculiarity, it has a large flow of potential buyers with different currencies. More precisely with a large flow of major currencies and the desire to buy Turkish goods for them. This Dollar and Euro, also use not often but use the Russian ruble and Ukrainian hryvnia.
I'll tell you - for example in Thailand, the Dominican Republic, Mexico, and many other countries ... - I freely paid in dollars, if we're talking about cash. But I agree that it is not peculiar to all countries - for example, in European countries it is very difficult to pay with non-local currency. For example in Prague - only Czech krona, although the country is also very touristy. Do you have cash dollars/euros ? There is a money changer in the street, go change and pay in Czech krona. In Ukraine I also have hryvnia, the national currency, and all payments are made in cash. There are exchange offices everywhere - no problems.

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Quote from: DrBeer on September 04, 2023, 08:07:24 AM

Quote from: bakasabo on September 04, 2023, 06:29:51 AM

My notice. I got just returned from Turkey. Besides their national currency, Turkish Lira, I saw that vendors, hotels and service providers have switched to Euro. Previous time I have visited Turkey was two years ago, and that time I've made all payments in USD. Now it was Euro everywhere. And that was not only in tourist area. They write prices in Euro, but give you receipts in TRY with a remark like "0.2 EUR = 5.80 TRY".

I'm going to have to disappoint you

For example, since 2018 approximately, when Russia took offense at Turkey, and did not think of anything better as a ban on visits to Turkey by Russian citizens - in Turkey, in the tourist zone payments were accepted in dollars, euros and Ukrainian hryvnia

.
We used to vacation in Turkey all the time, since about 2003, and then the dollar was almost "the second official currency". Now I communicate with friends who are Turkish citizens - the dollar is also accepted. The only nuance - the turnover of EURO has increased, as the number of tourists who used to bring dollars - residents of Ukraine, Russia, Belarus - has decreased. Europeans, it is logical to assume, go with their EURO.

PS Here's another example - a friend's mother sells Turkish things. She travels independently and buys in Turkey. She settlements with manufacturers in dollars, and no one refuses to accept them

Maybe this is just local thing in Antalya and Kemer. As a european, I used to take dollars also with me all the time we visit Turkey. This time I was focused more on vacation, so I barely took US dollars with, because I did not plan to leave hotel at all. Was surprised to see EUR everywhere. Maybe this is just local Turkish smart move, as they charge 1 USD = 1 EUR rate.

P.S. I have planned not to spend much and did not take much USD - paid in EUR instead. My plan has failed...

Quote from: Hispo on September 04, 2023, 06:29:37 PM

I don't know about you, but in my eyes it kind of bizarre how a country can switch between currencies in such a drastic manner. I can understand the impact of inflation and how it can force people to adopt a new de facto foreign coin, but if they switched from dollars to Euros because the influx of tourists, then it makes me believe Turkey must be a country which heavily depends on tourist, rather than international exportation of goods, because in the international market the USD is still the standard, specially in western ones.

It is ok for Turkey to make currency switch, as tourism is their third biggest income source.

Topic: People keep talking how weak dollar and how bad usa economy getting - page 2. (Read 1049 times)