Turkish banks pay 55% interest.

[ack]

This could be a good investment for everyone. I hope you'll consider it.

 

[void]

if I remember correctly it was 2016 when Venezuelan stock market grew 115% p.a. - wonder if there is a common denominator....

 

[pomegranate]

This could be a good investment for everyone. I hope you'll consider it.

sure... time to learn about Interest Rate Parity

 

[ack]

Turkey and Venezuela cannot be equated. The Turkish economy is getting stronger again. The wrong interest rate cuts have been abandoned. There is a new understanding of the economy.

 

[scooterguy]

This could be a fun gamble for some. I hope you'll consider it.

There, fixed your original post.

 

[ack]

There, fixed your original post.

We will see what Moody's will say about Turkey's outlook on Friday evening.

 

[orangeye]

How would you invest in banks like this and get 55% in return of your investment?

 

[ack]

How would you invest in banks like this and get 55% in return of your investment?

By opening a 32-day time deposit account. I convert my deposits into Turkish lira and receive income at the end of each month. Most of the banks in Turkey are reliable international banks.

 

[JohnnyDoe]

Just go to Monaco, bet on red or black and you have a 48.65% chance of making 100% in 20 seconds.

 

[uranium]

By opening a 32-day time deposit account. I convert my deposits into Turkish lira and receive income at the end of each month. Most of the banks in Turkey are reliable international banks.

Sell usd, buy turkish lira, make 50%.
Boom turkish lira down 50% because of inflation!

 

[Marko Krassus]

Great thread, great comments, would read again _b_b

 

[Meta]

Actually, by a funny coincidence TRY lost exactly 55% to USD in the last year =) The rate was 18.66 lira to a dollar on Dec 16 2022, it's 29.13 today according to Google.
Exchange $100 to lira a year ago, get 1866 lira. Deposit it for 55%, get 2892 lira today. Exchange it back to USD...
Ta-da-dam...
$99.27 =)