Re:Apple stopped sales in Turkey after the lira crashed 15% ...
by seanmcdirmid on Saturday November 27, 2021 @05:52PM
(#29364412)
If you can convince someone in Turkey to lend you money at a cheap rate, then you can pay it back later in inflated currency. Of course, banks generally jack up interest rates when inflation gets high, but sometimes they are forced not to (and it is usually the ruling class that is allowed to take advantage of those loans).
In general, you can only make money on these things either via information asymmetry or flat out corruption.
In general, you can only make money on these things either via information asymmetry or flat out corruption.