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Erdogan again blames external forces for the fall of Turkish lira

Written by The Frontier Post

ANKARA (TASS): Turkish President Recep Tayyip Erdogan on Friday again accused outside forces of weakening the Turkish lira.

“This rate will fall. We will not leave our people and our farmers at the mercy of the rate. There are foreign agents who are attacking us. Whatever they do, we will not abandon our economic program,” the Turkish leader said during a speech in Izmir , the broadcast was conducted on his official Twitter page .

Earlier, President Recep Tayyip Erdogan has already accused with similar accusations of some external forces, but never specified what he means.

Since the beginning of the year, the Turkish currency has devalued by 70%, which was one of the largest drops in its value in recent years. In January, the dollar was given about 7.3 lira.

Bidding on Tuesday began at 11.38 lira per dollar, and on Wednesday morning the Turkish currency fell to 13.15 per dollar.

At the same time, at the peak of volatility on Tuesday, the rate dropped to the level of 13.5 lira per dollar.

On Thursday, the national currency stabilized at around 12 lira per dollar.

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