President Tayyip Erdogan's political opponents said on Sunday that his call to expel the ambassadors of 10 Western allies was a bid to divert attention from Turkey's economic difficulties, while diplomats hoped the expulsions might yet be averted.
in early Asian trade, weakening 1.6% to 9.75 per dollar in a move that bankers attributed to Erdogan's comments. It has lost almost a quarter of its value so far this year.
Erdogan said the envoys had failed to respect Turkey's judiciary and had no right to demand Kavala's release. While the International Monetary Fund projects economic growth of 9% this year, inflation is more than double that, and the lira has fallen 50% against the dollar since Erdogan's last election victory in 2018.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Erdogan's critics say demand for expulsions is distraction from economy woesPresident Tayyip Erdogan's political opponents said his call to expel the ambassadors of 10 Western allies was an attempt to distract attention from Turkey's economic difficulties, while diplomats hoped the expulsions might yet be averted.
Read more »
Biden revises proposal to have IRS monitor bank accounts more closely. Here's how it would workBiden administration revises controversial IRS rules for bank-account reporting. Here’s how they will work
Read more »
Turkey's Erdogan threatens to expel U.S. ambassador and 9 othersTurkish President Erdogan orders 10 foreign ambassadors who called for the release of a jailed philanthropist, including the U.S. envoy, to be declared persona non grata.
Read more »
Government policies are stoking demand and strangling supply. So why is the Fed surprised by the inevitable inflation?OPINION: Policy makers should not have been caught off guard by surging prices and shortages of goods and labor. Here’s why.
Read more »
Erdogan orders removal of 10 ambassadors, including US envoyTurkish President Recep Tayyip Erdogan said Saturday that he had ordered 10 foreign ambassadors who called for the release of a jailed philanthropist to be declared persona non grata. The envoys, including the U.S., French and German representatives in Ankara, issued a statement earlier this week calling for a resolution to the case of Osman Kavala, a businessman and philanthropist held in prison since 2017 despite not having been convicted of a crime. Describing the statement as an “impudence,” Erdogan said he had ordered the ambassadors be declared undesirable.
Read more »
In 911 call from 'Rust' movie set, crew member says 'we need some help'A film crew member has died and another was injured after actor Alec Baldwin discharged a prop firearm on the set of the movie 'Rust' in New Mexico on Thursday. Follow here for the latest news updates.
Read more »