Turkish President Erdogan said the country had been taking necessary measures regarding the economy in the wake of a slide in the lira currency exacerbated by the dispute with Washington, but that it was important to keep a firm political stance. Erdogan suggested Turkey would stop procuring US-made iPhones and instead buy Korean Samsung or Turkish-made Vestel.
It was unclear how the Turkish president planned to implement the boycott. He also renewed a plea for Turks to convert their dollars into the Turkish lira in order to bolster the currency.
Sputnik: What do you make of the actions by Turkey & America?
Sadik Unay: As you know Turkey and the United States have been going through a diplomatic bottleneck over the course of recent months.
It had to do with strategic divergence in Syria and many other issues. So it came to a point recently when seemingly trivial issue, like the trial of Pastor Brunson became a tipping point and mutual steps were taken in searing commercial relations and now every day we are hearing different responses from Ankara and Washington DC.
Sadik Unay: All these diplomatic developments are having a great impact on the slide of the lira. This was largely a result of the messages and tweets coming from Trump himself.
Also the fact that the American administration is explaining that they will be imposing sanctions against Turkey.
I think the diplomatic spat between the two capitals and the expectation that the Americans might use their leverage on international investors, investing money in Turkey might be used as a political weapon against Ankara is encouraging the decline in the Lira.
Sputnik: Do you see any way that both sides can return to talks rather than actions?
If when the Turkish Lira is losing value as it did over the course of the last month, if the US President, sending tweets expressing his satisfaction and pleasure of this development, then it’s hardly comfortable to restore confidence and normal functioning of diplomatic relations.
Views and opinions expressed in this article are those of Sadik Unay and do not necessarily reflect those of Sputnik.
The views and opinions expressed in the article do not necessarily reflect those of Sputnik.