[pepsionice]

His son-in-law is lined up and figured to take over in four to six years (provided Erdogan is still in power).

If the lira would drop down to ten to the US dollar....I might go and buy into several thousand dollars worth. In a couple of years, some coup will occur and things will be resolved....with the lira going back to 2 or 3 per dollar.

[servantboy777]

With a new regime, they would print new lira denominations and make the old obsolete...leaving you with a bunch of paper. Happened in Iraq. Gotta few guyz at work purchased crap loads of Iraqi Dinars....worthless!

[rb22982]

Could easily get wiped as well, or be significantly devalued to pay off Erdogan debt, or just barely go back up in value. It could be a decent speculative bet, but I wouldn’t bet money you need on it.

[Oatka]

If the lira would drop down to ten to the US dollar... I might go and buy into several thousand dollars worth. In a couple of years, some coup will occur and things will be resolved....with the lira going back to 2 or 3 per dollar.

IMO, you will lose your shirt. The standard routine on a new govt taking over after an inflationary binge is to move the decimal point the required number of positions to the right and print the "new, improved" bills.

[Vermont Lt]

They would be “new” lira. The old ones would not work anymore.

That’s how this works.

Why do you think they want to get rid of cash. They did that in India last year (different situation, but same result.)