Monday, 18 Nov 2019

Turkish lira Falls To Record Levels. Erdogan Accuses USA Of Being Behind It

Istanbul, Turkey, The Turkish lira continued its sharp drop to reach 640 lira against 100 dollars this morning, which have not been reached before.

NINA correspondent said, "Commodities, fruits and vegetables have not been affected by the devaluation of the Turkish lira and have maintained their levels in prices. Most commercial markets have attached banners to deal by US dollar and euro and more than the value in the banking offices to attract customers, especially tourists, most of whom have been replaced by dealing directly with commercial markets rather than banking offices."

"Most Turkish economists believe that the measures that the US administration continues to take against Turkey and the latest imposing new taxes on its imports of iron and steel from Turkey, which is the sixth country of American purchases of these two materials, are behind this decline in the value of the Turkish lira. "He said.

For his part, Turkish President Recep Tayyip Erdogan accused the United States of being behind the plot to target the Turkish lira through its economic measures aimed at the Turkish will and try to change its principle positions.

In a televised speech last night, he called on the Turkish people to save their currency by national action to strengthening their assets in the hard currency in the banks and facing the challenges that the Turkish citizen faced with spirit the tanks of the intruders more than two years ago.

Source: National Iraqi News Agency

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