Last week, the United States imposed sanctions on Turkey's justice minister and interior minister for refusing to release American pastor Andrew Brunson, who had been in custody since 2016 on charges of terrorism and espionage that Washington says are bogus. As interest rates rise in the USA, investors pull their money out of countries that had enjoyed strong economic growth but are perceived as somewhat riskier.
Turkey's Interior Ministry said on Monday that it was taking legal action against more than 300 social media accounts that had posted messages that harmed the lira, local media reported. "We have not made concessions on justice so far, and we will never make any". "You impose sanctions on our Halkbank. and then you expect different treatment from Turkey?" said Erdogan, in a second speech in the same city. "There is no economic reason for the present (currency plunge) situation".
"The aim of the operation is to make Turkey surrender in all areas, from finance to politics", Erdogan told ruling party members in the Black Sea city of Trabzon.
Over the weekend, Erdogan lashed out at the USA, threatening to find new alliances and new markets for the economy's vast financing needs.
In addition, Erdogan also threatened the United States to "start looking for new friend and allies", if the row isn't resolved soon.
The yield on a Turkish government bond maturing in February 2028 surged by nearly a percentage point to highs of 9.347 per cent at the time of writing, according to Tradeweb.
The statement came after Finance Minister Berat Albayrak-Mr.
Albayrak also said a plan has been prepared for banks and the real economy sector, including small to mid-sized businesses, which are most affected by the foreign exchange fluctuations.
DOOM and Rage are now on Xbox Game Pass
The debut of Doom Eternal gameplay at QuakeCon 2018 has been highly anticipated since the game was revealed during E3 2018. In addition to new weapons, the Doomslayer also has new traversal mechanics like dashing and wall climbing.
He dismissed any suggestions that Turkey might intervene in dollar-denominated bank accounts, saying any seizure or conversion of those deposits into lira was out of the question.
The lira currency, which has lost more than 40 percent against the USA dollar this year, pulled back from a record low of 7.24 earlier on Monday after the central bank pledged to provide liquidity, but it remained under selling pressure and its meltdown continued to rattle global markets.
Erdogan rejected speculation that Turkey would seek a rescue package from the International Monetary Found.
"I have just authorized a doubling of Tariffs on Steel and Aluminum with respect to Turkey as their currency, the Turkish Lira, slides rapidly downward against our very strong Dollar!" Turkey stepped in and provided Qatar with essential goods.
It had already plummeted more than 20% last week as a political clash with the United States intensified and investors fretted about the Turkish government's lack of action to tackle the problems plaguing its economy.
On Friday, Erdogan called on its citizens to convert their hard currency and gold into lira to prop up the plunging currency with a "domestic and national stance".
The Turkish currency pulled back slightly Monday morning from its overnight record low of 7.24 to the dollar as the market awaits the announcement on Monday of the government plan to rescue the beleaguered currency.
Turkey is reviewing its exit strategies from the current economic crisis. Erdogan himself was elected prime minister in 2003 on the back of a major crisis two years earlier, but has traditionally always had Washington's staunch support. Stocks have fallen modestly in the US and Europe since last week, but analysts do not see a big risk of financial turmoil.
Russian Federation has its own problems, also under sanctions from the US.
Retired Admiral James Stavridis, an ex-NATO supreme allied commander, urged Washington and Ankara to do all they can to improve relations.
Erdogan has in recent years built closer ties with countries in Latin America, Africa, and Asia.
A delegation led by Turkish Deputy Foreign Minister Sedat Onal failed to secure a deal last Wednesday in talks in Washington on a number of issues including Brunson.
He added that continuing the discussions on the two leaders' summit in Pyongyang will help improve the inter-Korean ties. The two leaders will discuss the North's denuclearisation and how to establish peace on the Korean peninsula.
Rockstar clearly shows their intent to create more than gameplay and story, focusing equally upon immersion and realism. They'd shake it off but one can only imagine you could do the same with a horse or wagon in Red Dead Redemption 2 .
Besides his other duties, he was qualified to tow aircraft, said Gary Beck, Horizon Air's president and chief executive officer. The thief was able to taxi the plane down the runway and takeoff without clearance from air traffic controllers.
A NASA spacecraft zoomed toward the sun Sunday on an unprecedented quest to get closer to our star than anything ever sent before. Looking on at the launch was astrophysicist Eugene Parker , who first theorised the existence of the solar wind in 1958.
In fact, Gale and the film's director, Robert Zemeckis, have promised to do everything in their power to block a reboot. Fox noted that Back to the Future co-creator Bob Gale is "the gatekeeper" to the franchise.
This is what we do in Brazil and are trying to do here, playing with skill and movement. "We know we have to improve". We have a lot of players with quality up front, players like Eden Hazard and Pedro.
Firefighters search for victims after dozens of people fell into the sea during a concert in Vigo, northwestern Spain . People attending the concert said the crowd was enjoying the concert when they heard the boardwalk breaking.
Woods, the best of the rest, hit his best ever closing round in a Major (a -6 round of 64) and still finished two adrift. Koepka and Johnson have paired together, as have Thomas and Fowler, who could also team with Johnson.
Apparently, Bethesda thought about that too and crafted a way to deal with the problem before the game is launched. However, they will drop all the junk that they are carrying, which is the resource that is used for crafting.
Saudi Crackdown On Canada Could Backfire
At the same time, Saudi's treatment towards human rights activists and towards anyone showing any dissenting viewpoints has earned it the label of an aggressor.
Arsenal target Rabiot turns down new PSG contract offer
Substitute Weah, the son of former PSG forward and Liberia President George Weah, got his maiden league goal late in the match. PSG were without their World Cup winners - including Kylian Mbappe - for German manager Tuchel's first league game in charge.
Brooks Koepka wins PGA Championship
His best shot over a final round of 4-under 66 was a lasered 4-iron to the 16th green that landed 6 feet away and set up a birdie. He scrambled for a par there when he really needed a birdie and was three back once he reached the 18th fairway.
Did red tide kill this 26-foot-long whale shark in Florida?
Fish populations generally bounce back after a Red Tide , but the toxic bloom is also wreaking havoc among more sensitive animals. That was the message from Kelli Levy, Environmental Management director, during an August 7 County Commission meeting.