Turkish president blasts USA for playing "games" on economy

Cornelia Mascio
Agosto 20, 2018

"The attack on our economy has absolutely no difference from attacks on our call to prayer and our flag", Erdogan said in an address released Monday on the eve of Eid al-Adha, a four-day Islamic festival scheduled to begin on Tuesday.

Heavy selling in recent weeks has spread to other emerging market currencies and global stocks which has deepened concerns about the economy.

The lira TRYTOM=D3 has tumbled some 40 percent this year, hit by worries about Erdogan's influence over monetary policy and a worsening diplomatic rift with the United States.

A court has rejected another appeal to free Brunson and Turkey has threatened to respond in kind if Washington imposed further sanctions.

He said: "We tell them that we see their game and we challenge them".

Erdogan stopped short of directly naming any countries or institutions, but he has, in the past, blamed the currency sell-off on a shadowy "interest rate lobby", Western ratings agencies and financiers. Treasury Secretary Steven Mnuchin said Thursday that the United States is willing to do so if Brunson isn't released.

Turkish President Recep Tayyip Erdoğan also came out fighting Monday, saying an attack of Turkey's economy was no different from a strike against its flag or the Muslim call to prayer.

Turkey and the USA also disagree over their military interventions in the Syria war, Ankara's plan to buy missile defense systems from Russian Federation and the U.S. conviction of a Turkish state bank executive on sanctions-busting charges in January.

Amid the period of tense relations between Ankara and Washington, several gunshots were fired on Monday from a vehicle at the US Embassy in the Turkish capital, causing no casualties.

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