Amid an intensifying row with Washington, Turkish President Recep Tayyip Erdogan on Sunday called the crash of the lira a “political plot” and said his country would seek out new markets and allies, AFP reported.
“The aim of the operation is to make Turkey surrender in all areas from finance to politics. We are once again facing a political, underhand plot. With God’s permission we will overcome this,” Erdogan told members of his party gathered in the Black Sea city of Trabzon.
The Turkish lira fell over 16% to new record lows against the greenback as tensions with Washington increased over a number of issues including the detention of an American pastor and US cooperation with Syrian Kurds fighting ISIS.
“We can only say ‘good-bye’ to anyone who sacrifices its strategic partnership and a half century alliance with a country of 81 million for the sake of relations with terror groups,” Erdogan said. “You dare to sacrifice 81-million Turkey for a priest who is linked to terror groups?”
US President Donald Trump announced on Friday that he was doubling steel and aluminium tariffs on Turkey, which drove down the lira.
Crocodile tears won’t work.
If Turkey of 81 million people going into abyss means, its all due to greedy and primitive thinking of e-dragon
Erdogan blames plunging lira on American ‘political plot’
He is speaking the truth. He was warned about sanctions because he bought the Russian S 400 air defence system instead of the much costlier, and less effective, US patriot system. So now he is paying the price.
One thing for sure is that he wants out of the American alliance and domination by that country. If they can sink his economy at will then the Americans are a real threat facing that country not some trumped up supposed enemy like Russia
.If I were Erdogn the first thing I would do is close Incerlik to NATO Forces. Then if the sanctions percist drop out of NATO. Even Trump, thick as he is, knows that the alliance can`t afford the loss of the second biggest military in NATO.
With friends and allies like the USA who needs enemies?
The unstable Erdogan——–no leader worth his or her salt really trusts this dude———-he has lost all credibility along time ago——-he is a Islamist and will turn Turkey into another failed state like Pakistan!!
Kevin connolly, Pakistan is not a failed state, instead pay attention to US which is rapidly loosing its influence as a sole super power among other countries. Pakistan’s economic crisis has been created by US , through it’s so called war on terror which not only paralysed Pakistani economy but also introduced into Pakistan the suicide bombing resulting deaths of hundreds of thousands of Pakistanis that never happened in Pakistan before US invasion. It was a costly war which Pakistan fought and is still fighting just to safegaurd US interests. And that too at the cost of a big price. No wonder Pakistan is going to bounce back from the US created Hell, once she quits the US so called war. I think you don’t have any idea how we got our so precoius freedom. We sacrificed countless lives to achieve a free country and we will never let it fall until we have a last drop of blood in our body. So, relax man! don’t be hasty in framing such a silly statement.
Long live Pakistan!. Happy independence day to all Pakistanis across the Globe. PAKISTAN ZINDA BAAD.
It’s not so much that the Indian Rupee is dropping, it’s the US$ appreciating against most other currencies.
The same thing happened to Thai Baht in the 90s which was caused by USA whn they attacked the THB