As the diplomatic row between the US and Turkey escalates, the Turkish community in the US watch closely the fluctuations in Turkish currency lira which has lost about 40 percent of its value against the dollar since the start of this year.

Western economists insist the Turkish president Recep Tayyip Erdogan should increase interest rates to stop the lira from falling further. But Erdogan argues this will only cause more inflation.
Western economists insist the Turkish president Recep Tayyip Erdogan should increase interest rates to stop the lira from falling further. But Erdogan argues this will only cause more inflation. (Reuters)

The United States is threatening to impose more economic sanctions (pressure) on Turkey in the escalating diplomatic dispute between the two countries. 

Many people in America's Turkish community are concerned as they watch closely the fluctuations in the value of Turkey's currency, the lira, against the dollar. 

Lira has lost about 40 percent of its value against the dollar since the start of this year.

TRT World's Nicole Johnston reports.

Source: TRT World