Turkey Seizes 25% of All Foreign Reserves of Companies


Armstrong Economics Blog/The Hunt for Taxes Re-Posted Jan 9, 2022 by Martin Armstrong

I have been warning that governments will do whatever they like as we enter this last 13 years phase into 2032 when this all just collapses. Turkey has seized 25% of all income of exporters in foreign currency reserves requiring them to be converted to lira to boost Turkey’s foreign reserves.

I have been warning that Europe is not just tightening the allowable purchases in cash, they will move to impose currency controls to prevent capital fleeing Europe. This will be coming so be prepared.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.