Talk:Refah tragedy
Latest comment: 9 years ago by Rcbutcher in topic Conversion of compensation amount to current terms please
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A fact from Refah tragedy appeared on Wikipedia's Main Page in the Did you know column on 30 May 2011 (check views). The text of the entry was as follows:
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Conversion of compensation amount to current terms please edit
"The Turkish government paid 4,000 Turkish lira (TL) in compensation...". This is meaningless without conversion to modern currency e.g. US$ equivalent today. Rcbutcher (talk) 06:22, 3 April 2015 (UTC)
- I agree. In 1940s $1 was equal to 1.11 TL. But this is not very informative . We should also know the devaluation of US$ in the last 70 years. Nedim Ardoğa (talk) 12:03, 3 April 2015 (UTC)
- Do you have a reference for that conversion rate in 1940 ? I converted 4000 TL to $3604. I then used an online calculator that gives $60,000 today. That's about a year's salary for a midranking naval officer today. How much did a midranking Turkish naval officer earn in 1941 ? Rcbutcher (talk) 13:06, 3 April 2015 (UTC)
- I don't know much about monetary politics. But you should realize that in 1940s exchange rates were under government control. Maybe in the free market the rate would be different. Anyway I don't know the salary of a seaman in 1945. But the highest civil servant salary was about 550 TL. Thus 4000 TL was not unbelievable. Nedim Ardoğa (talk) 18:41, 3 April 2015 (UTC)