Turkish President Tayyip Erdogan is speaking in Ankara and was noted saying that there is no economic basis behind the recent exchange rate developments.
Key quotes:
“¢ Turkey is under siege in the economy and other areas.
“¢ Attacks on Turkey are expected to continue.
“¢ US trade actions are against WTO principles.
“¢ The US is attempting to stab Turkey in the back.
“¢ Turkey’s economic fundamentals are sound, are in place.
“¢ Says that lira would settle at a rational level soon.
“¢ No retreat from the free market economy.
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