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.

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