Hi friends, I live in Turkey and our economy is on the steep fall. Our currency has lost two third of its value in the last 3 years. Inflation is officially 20%, unofficially 50% and will keep rising sharply.
I plan to keep buying dollars with my savings to protect my purchasing power to a degree. Although dollar inflation is another fact, it's safer than Turkish lira. People are considering getting credits from bank (with %25 annual interest), buying dollars with it and when it rises then can cover the credit while also making a profit.
But I don't know much about what else I can do? I'm trying to learn stock market in some of my free times but it will take a while until I consider myself adequate in that topic.
I'm open to any videos, books, suggestions on what to do on a collapsing economy.
Thanks.
Submitted November 23, 2021 at 10:44PM by SadChocolatte https://ift.tt/3FGHvZz
