UP

Erdogan called Turks to buy lira and sell dollar

Home page World
12 Punto 14 Punto 16 Punto 18 Punto

Turkish President Recep Tayyip Erdogan called on Turks to convert their foreign exchange into the Turkish lira.

"Those who keep foreign currency under their pillow should come and turn that into Turkish lira or gold," Erdogan said in a speech to mark the opening in Ankara of what was billed as Europe's largest automobile showroom complex.

The Turkish currency saw its worst month since the 2008 financial crisis in November, hit by a resurgent US dollar and investor concern about political stability in the wake of July's failed military coup.

The central bank hiked interest rates for the first time in almost three years last week in a bid to stem the currency's decline, despite Erdogan's repeated calls for lower borrowing costs. But the lira has continued to weaken.

Date
2016.12.03 / 09:19
Author
Axar.az
See also

Italy urges a fair tariff deal with the US

Khamenei’s representative in the IRGC dies

Hungary rejects EU sanctions on Israel

Iran denies Putin proposed zero enrichment nuclear deal

Macron reacts to Trump's tariff announcement

Iran says it will work with IAEA

UK's oldest man and WWII veteran, Donald Rose, dies at 110

LeMan magazine editor arrested in Turkiye

EU warns of countermeasures if US 30% tariffs go ahead

One killed in Israeli strike on southern Lebanon town

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla