TURKEY: Next Stop Is Currency Controls



  • 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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Published By: Atilla Yeşilada

GlobalSource Partners’ Turkey Country Analyst Atilla Yesilada is the country’s leading political analyst and commentator. He is known throughout the finance and political science world for his thorough and outspoken coverage of Turkey’s political and financial developments. In addition to his extensive writing schedule, he is often called upon to provide his political expertise on major radio and television channels. Based in Istanbul, Atilla is co-founder of the information platform Istanbul Analytics and is one of GlobalSource’s local partners in Turkey. In addition to his consulting work and speaking engagements throughout the US, Europe and the Middle East, he writes regular columns for Turkey’s leading financial websites VATAN and www.paraanaliz.com and has contributed to the financial daily Referans and the liberal daily Radikal.