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.
What Brooks Koepka said after winning the 2018 PGA Championship
Woods and Koepka played nine holes of a practice round on Wednesday, and the 14-time major champion knew what he was up against. Eastern tee time, begins the day at 8-under and is one of 10 golfers within range of Brooks Koepka , the leader at 12-under.
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.
"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.
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.
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.
En conséquence, certaines récompenses (qui restent à déterminer) seront remises durant les pauses commerciales. Un montage des remises de ces prix techniques sera ensuite dévoilé plus tard au cours de la soirée.
Manchester City English Premier League opening weekend featured match in the video below, courtesy of NBC Sports . It seemed the goal might open the floodgates, but Cech was in solid form and kept the score down to just one.
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".
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.
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.
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".
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.
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.
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 .
Tiger Woods is making weirdest PGA Championship charge
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.
Grieving Orca Whale Releases Dead Calf After More Than Two Weeks
But on Saturday experts confirmed she had dropped the calf. "Her tour of grief is now over and her behavior is remarkably frisky". But by the time a team from the Centre for Whale Research arrived to take pictures of the newborn, it sadly was no longer alive.
India look for lifeline on fourth day
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.