The currency devaluation trick is : tzun zu "appear weak If you are strong " art of war
Turkey been keeping rates low in order to invest in military and now turkey is one of most powerful country in Europe.
Everybody was talking about turkey when lira was falling... But nobody did not pay attention to the fact that If country lowering the currency they might be up for something.
Now russia currency aswell falling for the same reason wich is keeping rates low and currency value low so this way they can finance war and military.
If we look at 3 countries Poland, Turkey , Russia their monetary policy show's clearly they use lower rates to finance their military.
Now all the world talking about weak russian currency but nobody don't pay attention If country currency is that much low then this country might be very dangerous for other countries.
The lower rates can give huge financial power.
Topic: Turkey lira was close to devaluation now russian currency - page 2. (Read 256 times)
Jump to: