“Some are threatening us with economy, sanctions, exchange rates, interests and inflation. We see your game and we challenge it," referring to US, Erdogan said at the Justice and Development (AK) Party's congress in the capital Ankara.
Turkish presidential spokesperson Ibrahim Kalin criticised NY Times for their "blatant attempt" to "justify and whitewash PKK terrorism."
Both Moody's and S&P downgraded Turkey, highlighting a weakening lira and high debt levels.
Turkish Finance Minister Berat Albayrak and his French counterpart Bruno Le Maire, on a phone call, agreed to act together against US sanctions against Turkey.
Ankara is looking for support from new friends as the lira recovers from plunging to its lowest value against the dollar, amid a spat with the US over the detention of a pastor charged with terror-related offences.
The Turkish economy is facing challenges, however, part of this is speculation aimed at weakening the country.
Turkish President Erdogan is increasingly finding support from various countries for his challenge of the dollar’s global authority.
A higher Turkish court has rejected an appeal for the release from detention of the American pastor Andrew Brunson, who is facing terrorism-related charges and is currently under house arrest in the Aegean province of Izmir.
The net international investment position was minus $403.4B in June, says Turkish Central Bank
Mevlut Cavusoglu’s remarks came after US President Donald Trump said Turkey "has not proven to be a good friend" during a Cabinet meeting Thursday.
Turkey's President Erdogan and his French counterpart Emmanuel Macron agreed on a meeting between the two countries' finance ministers "as soon as possible."
US policy is increasingly marred by erratic behaviour masquerading as well thought out policy and the Turkish political establishment can see through it.
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