Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 17/11/2018 06:32 
14.09.2018 13:43 News >> Erdogan: 'Currency Fluctuations Politically-Induced'

Erdogan: 'Currency Fluctuations Politically-Induced'

Surge in USD/TRY exchange rate in August 'evidence of attempted economic assassination', President Erdogan says.

Recent currency fluctuations in Turkey have political reasons, Turkish President Recep Tayyip Erdogan said Friday.

"This issue is totally directed by political motives," Erdogan told a meeting of his Justice and Development (AK) Party's provincial leaders in the Turkish capital Ankara.

The recent fluctuations have also shown that no country in the world was secure politically and economically, Erdogan.

Erdogan was referring to a recent surge in USD/TRY rate which he has said was as an economic attack by the Trump administration under a pretext of an ongoing legal case involving a U.S. citizen with strong suspected links to terrorist activities targeting Turkey's peace and stability.

Erdogan described the surge in USD/TRY rate in August as an "evidence of an attempted economic assassination".

Washington has imposed sanctions on two Cabinet ministers for not releasing pastor Andrew Brunson, who faces terrorism-related charges in Turkey.

The U.S. sanctions were political in nature as Turkey has rejected the U.S. administration's "disrespectful demands", Erdogan said.

He also called Turks abroad to buy gold and Eurobonds to generate additional public income.

On Thursday the Turkish Central Bank raised its one-week repo rate by 625 base points, from 17.75 percent to 24 percent.

The president underlined: "The Central Bank raised the interest rates considerably. Now, we will see the results of [the bank's] independence." -



        Latest News
Pentagon Sends Congress Report On Turkey's F-35 Program 7 minutes ago...
Pentagon may have an 'unclassified update' about report next week, says spokesman.
Update - Cıa: Khashoggi Killing Ordered By Saudi Crown Prince -23 minutes ago...
Conclusion reached by examining multiple intelligence sources, Washington Post cites anonymous sources.
Infographıc - From Denial To Confession İn Khashoggi Killing -23 minutes ago...
Saudi Arabia initially claimed Khashoggi left diplomatic building alive and they had 'no responsibility' in incident.
Cıa: Khashoggi Killing Ordered By Saudi Crown Prince 22 minutes ago...
Conclusion reached by examining multiple intelligence sources, Washington Post cites anonymous sources.
Trump: China Wants To Make A Deal -8 minutes ago...
‘I think we'll have a deal. We'll find out very soon,’ President says.

 
      Top News
Corrects - Turkey Donates 80,000 Blankets İn Ethiopia Corrects - Turkey Donates 80,000 Blankets İn Ethiopia
Uk: New Cabinet Ministers Announced After Resignations Uk: New Cabinet Ministers Announced After Resignations
US Judge Orders White House To Return Acosta Pass US Judge Orders White House To Return Acosta Pass
Turkey's Borsa Istanbul Closes Week On Rise Turkey's Borsa Istanbul Closes Week On Rise
Turkey 'Neutralizes' 68 Terrorists İn Past Week Turkey 'Neutralizes' 68 Terrorists İn Past Week
Baghdad, Erbil Agree To Resume Kirkuk Oil Exports Baghdad, Erbil Agree To Resume Kirkuk Oil Exports
Clashes Stop İn Yemeni Port City Clashes Stop İn Yemeni Port City
Update - Ypg İs 'Syrian Offshoot' Of PKK Terror Group: US Envoy Update - Ypg İs 'Syrian Offshoot' Of PKK Terror Group: US Envoy
Update 2 - Saudi Arabia Charges 11 İn Relation To Khashoggi Murder Update 2 - Saudi Arabia Charges 11 İn Relation To Khashoggi Murder
Coalition Shelling Kills 17 İn Syria's Deir Ez-Zour Coalition Shelling Kills 17 İn Syria's Deir Ez-Zour