Erdogan says the West, US is manipulating foreign exchange rates ahead of Turkey's nationwide local elections
Exchange rate fluctuations are an operation by the West, particularly the US, to paint Turkey into a corner, President Erdogan said on Thursday, March 28, 2019.
Such attempts to manipulate exchange rates are a political imposition before the looming local polls, he added. Erdogan also said interest rates were Turkey's main issue and inflation would begin to fall as interest rates were cut.Turkey's central bank on Thursday sought to reassure investors over its foreign currency reserves after the sharpest drop in the local lira since a spat with the United States triggered a currency crisis last year.
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