01:22 GMT +321 September 2019
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    Turkey's President Recep Tayyip Erdogan, addresses supporters of his ruling Justice and Development Party (AKP) during a rally in Istanbul, Sunday, June 17, 2018

    Erdogan: Attack on Turkish Economy is No Different From Attack on Flag

    © AP Photo / Presidency Press Service
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    Amid the rapid fall in lira's price, the Turkish president said on Monday that those who seel to make Turkey give up through exchange rate will soon see they are mistaken.

    Erdogan said on Monday that the attack on the economy is no different from the attack on the national flag or a call to prayer, adding that Turkish people are able to overcome all the hurdles the country is facing.

    READ MORE: Erdogan's Calls to Sell Currency Unlikely to Rescue Turkish Lira — Researcher

    "There is no difference between attacking our economy and attacking our flag. The goal is the same: to bring Turkey and the Turkish people to their knees, to enslave them. We are a people who prefer coming to blows over bowing our heads. Very soon those who believe that they will manage to force Turkey to surrender using the exchange rate will understand that they were mistaken," Erdogan said in a pre-recorded address to the Turkish people ahead of the start of the four-day holiday.

    He noted that the enemies of the country have "failed to destroy Turkey with the help of terrorism and domestic traitors, it will not be possible to do so using the exchange rate."

    Erdogan has blamed the crash of the lira on the US claiming a political, underhand plot had sent the value of country's currency falling to record lows.

    Earlier, Turkey's national currency lost almost 20 percent of its value, after the United States has imposed sanctions on two Turkish government ministers and doubled tariffs on Turkish steel and aluminum imports over the continued detention of American pastor Andrew Brunson on espionage and terror-related charges.

    Turkey retaliated with some $533 million of tariffs on US imports — including cars, tobacco and alcoholic drinks — and threatened to boycott US electronic goods, above all iPhones.

    Related:

    Erdogan’s Neoliberal Policies at Root of Turkish Economic Crisis - Writer
    Erdogan’s Calls to Sell Currency Unlikely to Rescue Turkish Lira – Researcher
    Turkish Lira Rallies Against Dollar as Erdogan Vows to Ditch US Gadgets
    Tags:
    economy, Turkish lira, Recep Tayyip Erdogan, Turkey
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