It fell to a record low this morning, and has now dropped 18 per cent today to 6.5 lira to the dollar, compared with 5.5 lira last night, as a deepening monetary crisis and diplomatic relations with the USA deteriorated.
"I am once again calling on those in America: it is a pity that you choose a pastor over your strategic partner in North Atlantic Treaty Organisation", he said.
"Shame on you, shame on you", he said, directing his remarks at Washington. Trump, who had secured the release of a Turkish woman activist being held by Israel and just days earlier he had been exchanging fist bumps with Erdogan at a North Atlantic Treaty Organisation summit in Brussels, took it as a personal affront.
He was speaking at a rally in the Black Sea town of Unye.
"We have not made concessions on justice so far, and we will never make any".
Turkey is now under a 25 percent tariff on imported steel and 10 percent on aluminum, which went into effect in March.
Neil Wilson, chief markets analyst at trading platform markets.com, said that the financial markets faced their most serious threat since the debt crisis that engulfed Eurozone states following the financial meltdown.
Erdogan had raised eyebrows Thursday when he appeared to invoke divine intervention, saying: "If they have dollars, we have our people, we have our right and we have Allah!"
Donald Trump took to Twitter yesterday to boast about the value of the dollar against the lira. If there are euros, take these out. Erdogan's speech caused the value of the lira to drop even further. "This will be the response to those who have declared an economic war".
"We've stood with neighbours before, and will again now".
"Unfortunately, our efforts to reverse this unsafe trend proved futile".
"Unless the United States starts respecting Turkey's sovereignty and proves that it understands the dangers our nation faces, our partnership could be in jeopardy", he wrote.
The Brunson dispute triggered the collapse in the Turkish currency as investors feared US financial sanctions.
The entire Turkish public is against US policies that disregard Turkey's legitimate security demands.
Ties between the countries have been strained as Washington has urged Ankara to release Andrew Brunson, an American pastor being held under house arrest on terrorism charges.
Meanwhile, Ankara is wanting the extradition of Fethullah Gulen, a Pennsylvania-based cleric who is blamed by Mr Erdogan for masterminding the 2016 coup. "Turkey has been trending towards authoritarianism & becoming more anti-American".
The 64-year-old also highlighted the major difficulty in battling the Kurdish insurgency which has full USA support for fighting Islamic State fighters in northern Syria.
"Mr Erdogan is pragmatic", commented Ms Neuteboom.
Erdogan said Turkey is not afraid of outside "threats".
"Our relations with Turkey are not good at this time!" hewrote.
Our relations with Turkey are not good at this time!".
In a separate opinion piece in the pro-government newspaper Daily Sabah, Erdogan's spokesman Ibrahim Kalin said Turkey's efforts to solve the crisis with diplomatic methods have been dismissed by the Trump administration, warning that Washington might completely lose Ankara as an ally.
"Turkey expects other member countries to abide by global rules", the country's trade ministry said in a statement.
Spurs' fighting spirit delights Mauricio Pochettino
Tottenham held on for victory as they started the second-straight PL campaign with a victory at Newcastle . Tottenham's second goal was simple in its construction and should have been comfortably dealt with.
England v India: second Test, day two
On the stroke of lunch, the impressive Shami picked up his second wicket with a ball that kept low and cannoned into Root's pads. Anderson finished with five for 20, but he hailed the contribution of Chris Woakes , who took two wickets including the key...
I would never imagine that I could pull this out in a single tournament. "I'm always going to go to the ball", Tsitsipas said. Tsitsipas saved another match point before converting his fifth set point at 13-11 when Zverev sprayed a return wide.
Along with players, executives, celebrities and specific MI alums in the National Football League could also receive the shoes. When 13 players were caught having re-sold their school-issued shoes, North Carolina self-reported itself to the NCAA.
The incident closed the Seattle airport to arrivals and departures for a short time, but flights have since returned to normal. Read out by family friend Mike Mathews, the statement said: "He was a faithful husband, loving son and a good friend.
However, consumer spending has remained stubbornly lacklustre, with companies still stingy on wage hikes despite healthy profits. President Donald Trump plans to impose on imports of steel and, possibly, autos and auto parts.
The Romanian broke the 15th-seeded Barty in the opening game and broke again for a 4-1 lead en route to taking the first set. She then raced through the second set 6-1 with minimum fuss. "I think I played smart tennis today, " Halep said.
The U.S. and Mexico are nearing an accord on content and salaries for auto manufacturing, and the issue remains their top focus. The peso advanced as much as 0.2% to 18.4130 per U.S. dollar, trading near a three-month high in afternoon trading.
Kanye stops for a moment and thinks about his answer before Kimmel announces that they would be cutting to commercial break. He did not answer when Kimmel asked if the rapper thought Trump cares about black people, or any people at all.
But people with moderate or average salt intake need not reduce their sodium intake, says a new study. Higher sodium intake was associated with lower rates of myocardial infarction and total mortality.
Woods may not have been happy with his putting but had to be pleased with the performance of his back. You get away with more. "The golf course is playing soft, it's gettable, you have to make birdies".
The car-sized Parker Solar Probe is scheduled to blast off on a Delta IV Heavy rocket from Cape Canaveral. If the probe doesn't launch on Sunday, the window for a successful launch doesn't close until August 23.
Pound continues its slide on no-deal Brexit fears
The pound has lost more than 10 percent since April and is down nearly 15 percent since the Brexit Referendum in June 2016. Against the euro, the pound has held up far better as demand for dollars has kept the euro on the back foot.
Anti-government protest in Romania turns violent
As the protest continued well into the night, riot police used a water cannon and increasingly sprayed tear gas into the crowd. Video footage posted on social media show police beating some nonviolent protesters holding their hands up.