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Apple stopped sales in Turkey after the lira crashed 15% in a day

reuters.com

11–20 of 251 posts

Re: Apple stopped sales in Turkey after the lira crashed 15% in a day

#12
post #8
post #3

Why don't they just sell in Euro/USD? That's what people did a few decades ago a bit further north, when the local currency wasn't trusted (even if it was rather stable). But yeah, inflation in Eastern Europe is pretty bad, and if you voted for a bunch of dumb assholes who don't care about you or the nation, you're multifucked.

How did Turkey find its way to Eastern Europe?

It bridges Europe and Asia and geographically considered a part of both, according to wiki.

Re: Apple stopped sales in Turkey after the lira crashed 15% in a day

#13
post #3

Why don't they just sell in Euro/USD? That's what people did a few decades ago a bit further north, when the local currency wasn't trusted (even if it was rather stable). But yeah, inflation in Eastern Europe is pretty bad, and if you voted for a bunch of dumb assholes who don't care about you or the nation, you're multifucked.

you are thinking about the Ottoman times here?

Re: Apple stopped sales in Turkey after the lira crashed 15% in a day

#15
post #8
post #3

Why don't they just sell in Euro/USD? That's what people did a few decades ago a bit further north, when the local currency wasn't trusted (even if it was rather stable). But yeah, inflation in Eastern Europe is pretty bad, and if you voted for a bunch of dumb assholes who don't care about you or the nation, you're multifucked.

How did Turkey find its way to Eastern Europe?

It shares land borders with Bulgaria and Greece.

Re: Apple stopped sales in Turkey after the lira crashed 15% in a day

#16

Maybe they should sell it in Bitcoin and automatically trade for dollars

Right, because although the Lira is the most volatile currency, a 15% one day move is a black swan. For bitcoin, it happens every couple of months.

Re: Apple stopped sales in Turkey after the lira crashed 15% in a day

#19
post #17

Maybe they should sell it in Bitcoin and automatically trade for dollars

Why do it in Bitcoin when you can do it in Lira ?

at least there is consensus on the exchange rate, even if it fluctuates wildly
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