Turkey: Erdoğan calls on compatriots to support the lira

The Turkish lira has clearly lost its value. Recep Tayyip Erdoğan called on the Turks to exchange cash stocks in euro and US dollars in lira.

Turkey: Erdoğan calls on compatriots to support the lira

In view of dramatic fall in value DerLira, Turkish President Recep Tayyip Erdoğan has dazuaufgerufen his compatriots to exchange ir dollar and euro savings in HeimischeWährung. "My brors, who have dollars or euros under ir pillows, go and put your money in lira. We'll toger thwart this conspiracy, "said Erdoğan at EinerWahlkundgebung in Eastern Turk city of Erzurum. In comparison zumDollar and euro, lira has lost more than 20 percent in value since beginning of year.

Within last four weeks, lira lost 16 percent of its value compared to US dollar. After a renewed drop in exchange rate on Wednesday, Dietürkische National Bank attacked with a eighth. The weak currency is a problem for head of state in electoral campaign, Weilviele voters interpret it as a sign of weakness of Turkish government.

Erdoğan has already announced that he intends to pursue a größereKontrolle on monetary policy on 24 June following parliamentary and presidential elections. The president, Dersich again for his n with much larger Machtbefugnissenausgestattetes office, has declared himself "opponent VonZinsen".

The Turkish government sees no economic reasons behind DemVerfall of lira, but EineVerschwörung domestic and foreign financial forces that want to destabilise dietürkische economy and advocate devoting Erdoğan's.

Date Of Update: 28 May 2018, 12:02

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