Baku. 14 September. REPORT.AZ/ President of Turkey Recep Tayyip Erdogan has commented on sharp depreciation of Turkish Lira (TRY) against foreign currencies, including USD and EUR, Report informs.
According to the Turkish media, the head of state called it an ‘economic conspiracy’.
"We were expecting the exchange rates of currencies, which were increasing before the elections, to fall an acceptable level, but we faced quite an opposite situation. The exchange rate increased illogically, not depending on economic factors. Increase of USD exchange rate, which was TRY 3.8 before the New Year, TRY 4 in March and April, TRY 4.12 in May, TRY 4.06 a day after elections, to TRY 7 is a result of ‘economic conspiracy’. Negative decisions regularly made by the US about Turkey targeted our economy. No political instability, military and emergency situation was recorded in Turkey in August. Since we did not respond to US demands against our sovereignty, such a situation proves that this is a political issue. However, it should be borne in mind that Turkey is a legal state, not a tribal," he said.
Erdogan also noted that the US attacks caused troubles in the countries such as India and China.