Erdogan urges Turks to sell foreign currency in 'economic war'
"If you have dollars, euros or gold under your pillow, go to banks to exchange them for Turkish lira. It is a national fight," Erdogan said in comments broadcast on national television.
"This will be the response to those who have declared an economic war," blaming Turkey's woes on what he described as an "interest rate lobby" seeking to push the country to higher rates.
The currency extended its losses to trade at 6.2 to the dollar, a loss of 11.5 percent on the day.
"Do not worry!" He said Turkey was not afraid of "threats" and added Turkey had "alternatives" for economic cooperation in many places "from Iran, to Russia, to China and some European countries". (AFP)
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