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Turkey's Erdogan calls on Turks to convert foreign currencies to lira
(MENAFN) In an attempt to sure up the foundering currency, Turkey's President Recep Tayyip Erdogan has called on citizens to convert their dollar and euro savings into lira.
The Turkish lira has lost some 20% of its value this year, hit by investors' concern about the strengthening influence of Erdogan on monetary policy.
"We're aware of the game being played against us and we're fighting it with the tools we have in hand," Erdogan said.
"Being a Turkish national means, you should first protect your own currency. Here is my request to my people. Do not believe in rumours and protect your own currency."
The ailing Turkish economy has emerged as a key issue as Turkey heads into presidential and parliamentary elections next month.
The Turkish lira has lost some 20% of its value this year, hit by investors' concern about the strengthening influence of Erdogan on monetary policy.
"We're aware of the game being played against us and we're fighting it with the tools we have in hand," Erdogan said.
"Being a Turkish national means, you should first protect your own currency. Here is my request to my people. Do not believe in rumours and protect your own currency."
The ailing Turkish economy has emerged as a key issue as Turkey heads into presidential and parliamentary elections next month.
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