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Turkey's Erdogan says lira weakness a plot, cannot be explained by logic

Reuters  |  ISTANBUL 

(Reuters) - Turkish Erdogan said on Sunday the current level of the lira and fluctuations in the exchange rate could not be explained by logic, and its recent plunge showed a plot against

Speaking to a crowd of supporters in the coastal city of Trabzon, Erdogan repeated his call to Turks - for the third day in a row - to sell euros and dollars to shore up lira.

The lira has lost about 40 percent 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 deteriorating ties with the

(Reporting by Humeyra Pamuk; Editing by Mark Potter)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, August 12 2018. 20:10 IST
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