Erdogan said about the futility of economic pressure on Turkey

11 August 2018, 07:12 | Policy
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Turkish President Recep Tayyip Erdogan said that there are no prospects of putting economic pressure on the country, in particular, by destabilizing the financial system.

Head of State urged population to ignore anti-Turkish campaigns initiated by Turkey's enemies. "They are held (against Turkey - Ed.. ) different campaigns. Do not pay attention to them. If they have dollars, then we have our people, right and God, "said President Erdogan, addressing citizens in the city of Rize. Trend reports with reference to the Turkish media.

On Friday, the rate of the Turkish lira against the US dollar against the background of worsening of the Turkish-American relations has once again updated the historical minimum, having reached 5.96 lire per dollar.

Earlier record lira minimum reached after last Friday the US trade representative announced that Washington considers the justification of Turkey's participation in the system of preferences for the import of certain goods in the US (Generalized System of Preferences (GSP). In the US last year, under the GSP program, Turkey supplied goods worth $ 1.7 billion, or about 17% of all Turkish exports to the United States.

It was also noted that Turkey introduced additional duties on goods from the US worth 1.78 billion dollars.

The previous record low of the Turkish national currency, which overcame the psychological threshold of 5 lira for the dollar last week, was achieved after the US Treasury imposed sanctions against Turkish Minister of Justice Abdulhamit Gyul and Interior Minister Suleiman Soile in connection with the case of US pastor Andrew Brunson. They are banned from entering the US, and their US assets are subject to freezing.




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