Cross-border retail has become routine for many who find everyday purchases in Greece cheaper. Read more at straitstimes.com. Read more at straitstimes.com.
The central bank said on Nov 7 it expects inflation to close this year above 30 per cent,
How do they do this? 30% inflation means they are printing money. How do they manage to create the demand for Lira that they can buy Euros for cheap? Usually people would want to buy Euros and the value for Lira would fall.
I think this is an example of purchasing power vs currency swap value.
How do they do this? 30% inflation means they are printing money. How do they manage to create the demand for Lira that they can buy Euros for cheap? Usually people would want to buy Euros and the value for Lira would fall.