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   HistoPol (#HP) 🥥 🌴 (histopol@mastodon.social)'s status on Thursday, 14-Dec-2023 00:15:07 JST HistoPol (#HP) 🥥 🌴

   in reply to

   @mina

   In foreign exchange markets, countries going against the international markets live on borrowed time.

   Even larger economies with a strong(man) leadership have to give up eventually.

   Take the #Turkish lira as an example:

   The 5 year chart shows the devaluation over 5 years from 5 liras to 29 liras per US dollar.
   Things will probably go in a similar way for the #Argentine peso, despite the drop from 37 to 366 in the last 5 years.

   https://www.xe.com/currencycharts/?from=USD&to=TRY&view=5Y

   @dw @energiepirat @SilviaMarton