Word: lira
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...visited it. By the time I'd got home, the agent called to announce a teeny change: the price was actually $5,000. By the time I called back to tell her we might still be interested, the price had risen to $5,500. Not even the Turkish lira inflates as quickly as rent for a Shanghai apartment. In the end, we finally settled on a unit in a 1930s apartment building built during Shanghai's last great boom. Once, the Grosvenor House was one of the most prestigious buildings in town, known for its sweeping garden and Art Deco...
...getting the economy right," says Yavuz Canevi, chairman of Turk Economy Bank and a former Central Bank governor. "If Turkey manages to open negotiations with Brussels by December, this would transform Turkey's international position dramatically." That is an optimistic view that voters, with their devalued lira and lack of faith in political parties, may be too weary to enjoy. As with past earthquakes, much damage has been done - but a great deal of pressure has also been released...
Gone are the days when mathematicians, authors, musicians and patriots graced the mark, franc, lira and guilder, highlighting the achievements of the greatest persons produced by their motherlands. The euro features bridges in different architectural styles, symbolizing communication within Europe and with the rest of the world, and windows and gateways, which stand for openness and cooperation...
...former World Bank official was called home to Turkey in February and named Economy Minister. Confronting crippling debt, corruption and a lira that had lost nearly 50% of its value, Dervis, 52, set about implementing a recovery plan backed by nearly $16 billion from the IMF and the World Bank. Recent figures show the economy still faces daunting obstacles, but Dervis' actions, notably in bank reform, led a U.S. Treasury Department official last month to declare Turkey's reform efforts "remarkable...
...cost, you wonder? Not one lira. We did it all for free...