Turkey’s
president has blamed the crash of the lira on the United States,
claiming a “political, underhand plot” had sent the value of his
country’s currency tumbling to record lows.
Recep Tayyip Erdogan accused
Donald Trump
of waging “economic war against the entire world”, after the American
leader escalated a diplomatic feud by doubling tariffs on steel and
aluminium.
“The aim of the operation is to make Turkey surrender in all
areas, from finance to politics,” the Turkish president told supporters
in the Black Sea city of Trabzon.
The lira has lost more than 40 per cent of its value against dollar
this year, amid worsening ties between Turkey and the US and concerns
over Mr
Erdogan’s influence over the economy.
The fall turned to meltdown on Friday, when the lira dropped 14 per cent, rattling global markets.
Speaking in Trabzon, Mr Erdogan dismissed suggestions that
Turkey was facing a financial crisis like those seen in Asia two decades
ago.
"What is the reason for all this storm in a tea cup?
There is no economic reason,” he said. ”This is called carrying out an
operation against Turkey.”
“We will give our answer, by shifting to new markets, new
partnerships and new alliances, to the one who waged an economic war
against the entire world and also included our country.
“Some close the doors and some others open new ones.”
Mr Trump
announced additional sanctions on Turkish metals last week as relations between the two nations continued to sour over Ankara's detention of a US pastor.
"Our relations with Turkey are not good at this time,"
tweeted the US president, two days after talks between American and
Turkish officials about pastor Andrew Brunson, 50, ended without any
obvious progress.
Note EU-Digest: this whole confrontation between the US and Turkey has mainly to do with the mid-term US election and boosting the Evangelical support for the Republicans. Specially if Trump is able to bring Pastor Andrew Brunson back to the US, from Turkey, where he is under house arrest for supposedly collaborating with what the Erdogan government called "terrorists".
Read more: Turkish president Recep Tayyip Erdogan blames lira crash on Donald Trump 'plot' | The Independent