Turkish senior official warns of perception operation | Turkey

Erdogan slams US for preferring terrorists as partner

Analysts at TD Securities explained that the currency crisis in Turkey is still unfolding.

Calling for Islamic solidarity, President Erdogan said on Monday that Washington has the dollar and "we have our God".

"I here declare that we have seen your plot and we are challenging it", said Erdogan, apparently referring to the United States.

"When they fail to make us what they want on the field, they don't hesitate to use the economy as a weapon, just like diplomacy, just like military power, just like social and political instability", Erdoğan said.

"Emerging markets as a whole do not look attractive at the moment as they have large foreign debts", Yusuke Tanaka, senior dealer at Mitsubishi UFJ Trust and Banking, told AFP.

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Turkey has held the cleric since 2016 and has alleged that he was involved in a failed coup attempt that year.

"The negative development is likely to continue in the coming months since the Turkish lira has fallen sharply against the euro", VDMA said, pointing to U.S. President Donald Trump's decision to impose new sanctions and higher tariffs on Turkey.

Organizers in Senegal launched a campaign on social media Monday to support Turkey and its economy.

"We, as the Turkish Airlines, stand by our state and our people. Necessary instructions on the issue have been issued to our agencies", Yahya Ustun, spokesman for the country's flag-carrier, wrote on Twitter.

Much of the Turkish lira's plight may be homegrown, but it shares some key vulnerabilities with other emerging countries whose currencies are now also plunging as fear of contagion spreads, analysts say.

Federal Bureau of Investigation says ex-Trump campaign chairman hid over 30 offshore accounts
Gates was hired by Manafort to serve as deputy campaign chairman and later had a role on Mr Trump's inaugural committee. Ellis for rebuking the prosecution earlier in former Trump campaign chairman Paul Manafort's fraud trial.

"If they have the iPhone, there is Samsung elsewhere".

"We can only say "goodbye" to anyone who sacrifices its strategic partnership and a half-century alliance with a country of 81 million for the sake of relations with terror groups", he said."You dare to sacrifice 81-million Turks for a priest who is linked to terror groups?"

But the lira posted gains on forex markets for the first time after days of losses, giving the currency much needed respite.

The lira tumbled by 12 percent on Monday, Aug. 13 but recovered to a loss of 7 percent, leading some economists to warn it could trigger the next financial crisis.

The lira has lost about a fifth of its value against the greenback since Friday.

The BBC Turkey correspondent Mark Lowen says Mr Erdogan's boycott could stoke tensions with the U.S. further - and Turks are waiting nervously for Mr Trump's response.

Treasury and Finance Minister Berat Albayrak, son-in-law of Erdogan, will speak with about 1,000 foreign investors on Thursday via a teleconference, the private NTV broadcaster said.

The country's economic trouble has been heightened by a dispute with the USA that has centered on the continued detention of an American pastor who is on trial for espionage and terror-related charges.

Brunson, important to Trump and his Vice President Mike Pence as a Christian known in the evangelical community, then went on to become the stated reason for United States sanctions on Turkey that tanked its economy.

Talking in a meeting in the Black Sea city of Trabzon, Erdogan said the current fluctuations in the exchange rate could not be explained by logic. A delegation from Washington, D.C., reportedly left Turkey last week without making progress on Brunson's case, raising the threat of further sanctions from Trump.

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