Recep Arrogante: Matt Dunham / Reuters
Turkish President Recep Tayyip Erdogan urged the country’s citizens not to worry because of a record decline in the exchange rate of the Lira to the dollar. On Friday, August 10, reports Reuters.
“Don’t forget, they have the dollars, but with us, our people, our God. We do a lot of work. Look what happened to us 16 years ago and where we are now,” — said the head of state.
During the auction on 9 August the Turkish Lira to the us dollar renewed its historical minimum against the background of deterioration in Turkish-American relations. So, in April it was worth just over four pounds. On 10 August the Turkish exchange to the dollar was already given six Turkish liras. Since the beginning of the year, the Turkish currency fell by 29 percent.
Last week Erdogan urged Turks to convert their existing foreign currency in Lira to support the Lira.
Relations between Ankara and Washington deteriorated after August 1, the United States imposed sanctions on two Turkish Ministers: of internal Affairs and justice. This was the response of the us authorities on Turkey’s refusal to release the detained in Ankara American pastor Andrew Brunson. The Turkish government suspects him of spying and having links with the Islamic preacher Fethullah gülen, whom Ankara considers a terrorist.
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