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TURKEY: Next Stop Is Currency Controls

sermaye-kontrol

 

 

  • Erdogan’s heterodox (unusual) economic policies pushed Turkey into the abyss.

 

  • “Official” inflation is 36%, unemployment is 22%, up to 70% of people complain about poverty.

 

  • All economic indicators will get worse because the depreciation of the Turkish Lira can’t be controlled.

 

  • Currently, Central bank and state Lenders sell FX to defend TL, But, ammunition is running out.

 

  • Next Stop Is “Currency Controls”

 

  • What are currency controls and is there evidence for them?

 

  • The End-Game: Erdogan and Turkey are racing to see who collapses first.

 

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