Turkish Lira to 2018 lost about 40%.
Turkish President Recep Tayyip Erdogan urged its citizens to sell foreign currency to support the Lira, which has lost its value. He said this during a speech in the town of Unye (Turkey), writes the Chronicle.info with reference to “Radio Liberty”.
Reports about the fall of the Lira by 18% appeared after the President of the United States Donald trump ordered to double tariffs on imports from Turkey of steel and aluminum. The reason for this was “the case of Branson”, the American pastor, who is now on trial in Turkey on charges of terrorism.
The US has repeatedly demanded the release of American and threatened sanctions against Ankara. In particular, were already imposed personal sanctions on the Turkish Ministers of justice and internal Affairs.
During his speech Erdogan expressed regret that, in his words, the United States showed readiness to exchange its strategic ally in NATO Turkey by Andrew Branson.
It is noted that this is only one side of the controversy. The US and Turkey have different views on the procurement system of air and missile defense in Russia and the situation in Syria.
According to the publication Reuters, Turkish Lira to 2018 lost about 40%, mainly due to the concern about the impact of Erdogan on the economy, his repeated calls for lower interest rates in the face of high inflation and deteriorating relations with the United States.