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techkenyot.com December 10, 2018


Turkish president: United States set deadline to release detained pastor

12 August 2018, 10:26 | Glen Norman

Turkish lira Dow Jones drops 200 points after Turkey currency fears

Turkish lira update market drop

Zarif's remarks came a day after Trump ramped up his attack on Turkey by doubling USA tariffs on Turkish aluminum and steel imports to 20 percent and 50 percent, respectively.

"If you have dollars, euros or gold under your pillow, go to banks to exchange them for the Turkish lira".

Turkey's President has slammed the crash of the lira as a "political plot" amid a row with the USA and Donald Trump.

Terming the recent USA tariffs on Turkey as an "economic war", the Turkish president said: "We've seen your game and we will challenge it".

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The Turkish Trade Ministry called the move "illegal", pointing to the World Trade Organization (WTO) rules. The currency is currently down 13.5% against the United States dollar, after a brief 20% fall, resulting from a Trump tweet that declared, "Aluminum will now be 20% and Steel 50%", and concluded: "Our relations with Turkey are not good at this time!" "The entire Turkish public is against United States policies that disregard Turkey's legitimate security demands", Kalin, also a spokesperson for Erdogan, wrote for the pro-government Daily Sabah newspaper. The sanctions target Turkey's minister of justice and minister of interior, whom the White House said played leading roles in the arrest and detention of 50-year-old Brunson. He denies the charges. In response to Turkey's tightening embrace of Russia, Congress slapped a hold on delivery of F-35s to the Turkish air force, for fear that the Russians would be invited to examine the world's most advanced stealth warplane.

A Turkish delegation returned from a meeting with Trump administration officials in Washington on Thursday with no apparent progress on a conflict over an American pastor who has been detained in Turkey for almost two years.

Turkey, home to the Incirlik air base which is used by United States forces in the Middle East, has been a North Atlantic Treaty Organisation member since the 1950s.

"If you advance upon us by the dollar, we will look for other means to carry on our business", he added. "Relations with countries who behave like this have reached a point beyond salvaging", said Erdogan, who warned of "economic war".

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A Financial Times report said the European Central Bank was anxious that Turkish citizens would start defaulting on their loans.

"They have been trying to achieve what they failed to do through provocations and a coup attempt with money now", he said.

Jay Sekulow, an attorney for Trump who is also representing Brunson's family, told talk-show host and political commentator Sean Hannity's radio program on Friday: "We're close to getting a resolution in that case".

Without naming countries, Mr Erdogan said supporters of a failed military coup two years ago, which Ankara said was organised by a US-based Muslim cleric, were attacking Turkey in new ways since his re-election two months ago.

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