ANKARA (Sputnik) – Turkish President Recep Tayyip Erdogan explained the historic drop in the exchange rate of the national currency, lira, by fluctuations on the money market.

The lira fell to 7.2775 against the dollar on Thursday, reigniting fears about the country’s high external debt and the central bank’s shrinking liquidity.

Erdogan said the national economy had become healthier since his party came to power in 2002 and blamed “enemies abroad” for stoking fears inside the country.



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