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Earlier in the day, Turkish President ErdoÄŸan reiterated his view that the TRY meltdown was caused by the U.S. intent to wage an economic war against Turkey with an aim to force Turkey to surrender in all areas from finance to politics.

On the other hand, a spokesman for the main opposition party, CHP, stated that the lira’s collapse was due to a weak economy and added that the country needed to “stand shoulder to shoulder” and remain strong.