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A comment on /story/33380336. Parent comment

Re: by nonameiguess on Saturday October 29, 2022 @11:14AM (#33384739)
I swear I don't ask to be snarky but out of genuine curiosity, but what prevents you from buying USD or USD-denominated assets like TIPS or TIPS ETFs? Do Turkish banks ban such purchases to prevent capital flight?

Obviously, all other things being equal, whether a retiree gets crushed or not by CPI change is going to differ a lot if that change is 7% versus 83%.

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Re: by terminalcommand on Saturday October 29, 2022 @11:37AM (#33384959)
To be blunt I never thought of this. We can invest in US equities but US government bonds, I never thought of this.

We can buy eurobonds of Turkish Republic if we don't care about liquidity in short to mid term.

However usd is another battle. The government utilizes strange tactics (ranging from making it mandatory to convert export proceeds into TL, offering government backed USD adjusted savings accounts in TL, bringing cash from "unknown" sources (it gets listed as "net faults and misses" under Central Banks balance sheet. So there is inflation but usd doesn't keep up with it always.

We can easily invest in Us and European stock markets through fu ds.

As long as we pay income tax, we can invest in whatever we want, there are no country restrictions.

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