Turkey’s Erdogan stands by opposition to high interest rates
13 Août, 2018, 06:30 | Auteur: Auguste Feret
The Turkishlira has been targeted by U.S. President Donald Trump himself, and Turkey has prepared an action plan to soothe its volatility against the dollar, Treasury and Finance Minister Berat Albayrak said late Sunday.
The president, who says a shadowy "interest rate lobby" and Western credit ratings agencies are attempting to bring down Turkey's economy, appealed to his countrymen's patriotism.
In the last two years, the Turkish government has increasingly used the detainment of people with USA or dual citizenship to try to force the United States to give into its demands. The decision marked a departure for the USA, which has generally tried to calm global markets during times of financial turmoil in emerging markets, especially when investors are gripped by fear of contagion.
Iran has also suffered a major tumbling of its currency this year partly over the reimposition of U.S. sanctions after Trump abandoned the 2015 nuclear deal.
LMoreover, El-Diwany said that the Turkish market gets an advantage in the exportation markets, which both Egypt and Turkey export the same products for, explaining, "Egypt can not well compete with Turkey in exporting textiles to the same markets, as the Lira is now down, hence prices will be lower than before".
"If they have the dollar, we have Allah", he said.
Without naming countries, Mr Erdogan said supporters of a failed military coup two years ago, which Ankara said was organised by a US-based Muslim cleric, were attacking Turkey in new ways since his re-election two months ago.
President Donald Trump broke the news on social media that he authorized the doubling of existing steel and aluminum duties on imports from Turkey.
The currency has lost more than 45 percent of its value this year, largely over worries about Erdogan's influence over the economy, his repeated calls for lower interest rates in the face of high inflation and worsening ties with the United States.
Sterling shines on Manchester City return
Going forward, things were made particularly hard for him by the absence of a natural left-back to lend him support. Manchester City kicked off the defence of their title with a classy 2-0 victory over Arsenal on Sunday afternoon.
Donald Trump calls former aide Omarosa a 'lowlife'
The author says she now regards Kelly's phrasing as a "very obvious" threat that justifies her secretly recording the meeting. You don't know till it starts bubbling and bubbling", she responded, calling her dramatic reversal the gift of hindsight.
"If you have dollars, euros or gold under your pillow, go to banks to exchange them for the Turkish lira".
Mr Trump intensified his spat with Turkey by imposing the higher tariffs, putting unprecedented economic pressure on a North Atlantic Treaty Organisation ally and deepening turmoil in Turkish financial markets.
Turkey and the United States are now experiencing rocky relations following Washington's imposition of sanctions on Interior Minister Suleyman Soylu and Justice Minister Abdulhamit Gul for not releasing American Pastor Andrew Brunson, who faces terrorism charges in Turkey.
Erdogan repeated his call for Turks to sell dollars and buy lira to shore up the currency, while telling business owners not to stock up on dollars.
President Recep Tayyip Erdogan vowed Saturday to defy USA "threats" over a detained pastor, showing no signs of concessions in a bitter row that has caused the Turkish lira to crash. Gulen has denied the allegation.
The decision was made as tensions mount between the two nations over the imprisonment of Andrew Brunson, a 50-year-old evangelical pastor, and other diplomatic issues.
A delegation led by Turkish Deputy Foreign Minister Sedat Onal failed to secure a deal last Wednesday in talks in Washington on a number of issues including Brunson.
'We are once again facing a political, underhand plot.
The Kiwi sits in a tie for 28th at four-under through three rounds after carding a two-under round of 68 on Sunday (NZ time). Woodland's 36-hole score broke the PGA record by one shot, most recently set by Jimmy Walker and Robert Streb at Baltusrol.
Manchester City and Arsenal faced off in the final fixture of the opening game week of the new Premier League season as Unai Emery was pitted against Pep Guardiola in his first ever competitive game as Arsenal manager.
The network should be more vigilant in enforcing its own rules and acknowledging where it's made mistakes in the past. Twitter is one of the only remaining major social media platforms that hasn't banned Jones or the InfoWars account.
That partnership helped England recover from a top-order collapse that saw them slump to 89 for four at lunch on the third day. England outclassed India by an innings and 159 runs to win the second Test at Lord's on Sunday.
This is also the first year that the trophy will be decided over one game, with the Super Cup previously a two-legged affair. According to the rule governing the game in Spain, only three non-EU players are allowed in each La Liga matchday squad.
Le lieu, surnommé la "piscine" et popularisé par la série "Le bureau des légendes", est hautement protégé, classé secret-défense. Il a immédiatement été interpellé et remis au commissariat du XIXe arrondissement où il a été placé en garde à vue.
The Frenchman will miss out on the trip to Molineux alongside deadline day signings Bernard , Yerry Mina and Andre Gomes . It is the best league in the world. "It's a team that fights with the big guys and I think we can do a great job there".
The Indian batsmen have themselves to blame as much as the top-class bowling from the English fast-bowlers led by James Anderson. But Kuldeep rarely troubled Bairstow, who cover-drove him for four to complete a 76-ball fifty featuring seven boundaries.
Les orages s'accompagneront alors de fortes rafales de vent de l'ordre de 80 à 100 km/h, et même au-delà localement. Une dégradation orageuse se généralisera par les Pyrénées, et débordera rapidement vers les plaines.
Nationally, Statistics Canada says the country added 54,100 jobs in July and the national unemployment rate fell to 5.8 per cent. Camrose-Drumheller is sitting at an unemployment rate of 4.5 per cent up from June's 4.4 per cent.
However, Tottenham were also quick to pile up the pressure on a Newcastle side that looked fairly unstable defensively. Their best fell to new loan signing Salomon Rondon but his shot deflected onto the crossbar when he was played through.
Sark preparing to see meteor shower
Rupinder Brar says the annual Perseid meteor shower will be visible Saturday night, early Sunday morning and Sunday night. Others are brighter and can appear to sail across our sky for several seconds, leaving a glowing smoke trail.
U.S. tariffs hike adds to Turkey's economic problems
On Friday the currency dropped as much as 18% at one point, the biggest one-day fall since a 2001 financial crisis in Turkey. The dollar eased against the safe haven yen to 110.65, but was a shade firmer against a basket of currencies at 96.388.
Hundreds injured in anti-government protest in Romania
Several journalists, including an Austrian public television ORF cameraman, said they were attacked with tear gas by riot police. People shine the lights of their mobile phones during a protest outside the government headquarters in Bucharest .
New changes announced for upcoming Oscars ceremonies
The biggest Academy Awards audience on record came in 1998 when the blockbuster " Titanic " was named best picture. In 2009, it expanded the number of best picture nominees from five to 10 in a bid to open up the competition.
Kavanaugh confirmation hearings set to start on September 4
Burck vetted the initial documents from the Bush Library, the documents were sent only to the Senate Judiciary Committee members. And just because it's an election year, it does not mean that Judge Kavanaugh can not - or should not - be confirmed.
Intense fighting as Taliban presses to take Afghan city
Local television station 1TV says the number of fatalities has risen to more than 100, but there is no official confirmation. Abdul Wakil, who had managed to flee, told Reuters: "There was burning and fire and dead bodies everywhere in the city".