TURKEY Asks Corporates to Hand Over FOREIGN CURRENCY. Desperate Measure & Forex now DANGEROUSLY LOW

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Added 2 years ago by admin

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In this video I provide you with an update on the Crisis in Turkey. FOREIGN CURRENCY levels are now dangerously low. All CORPORATES have now been asked to hand over their currency in exchange for a Government Guarantee. This is a last ditch DESPERATE MEASURE by the authorities to gather in as much FOREX as possible. With the Lira still very weak, winter upon us and only $12BN of FOREX in reserve time is running out for Turkey.....

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Chapters:
0:00 Intro
2:33 Deposit Protection Scheme
5:51 Foreign Currency
8:05 Concerns
12:43 Summary & Conclusion

#Turkey
#TurkeyCrisis
#Energy
#Lira
#Inflation
#Evergrande
#Global Financial Crisis