Turkish Presidential spokesman Ibrahim Kalın
"Turkey totally eliminated the environment that led to speculation on Turkish lira," Turkish presidential spokesman Ibrahim Kalın said Thursday.
"Channels of currency speculation and perception operations on Turkish lira have been shut down," Kalın said after a Cabinet meeting at the presidential complex in capital Ankara.
Kalın said Turkey sees "speedy recovery process" in economy after measures taken over the last two days.
"Turkey does not favor tension with anyone and it does not pursue an economic war with anyone," he added.
The spokesman added Ankara will diversify "alternatives" and "options" in trade, energy and investment.
Kalın said Germany, France, Russia, Qatar and Kuwait and others expressed solidarity with Turkey.
"Especially the leaders of two important European countries [Germany and France] stated that having a strong Turkish economy and preserving economic stability [in Turkey] are not only vital for Turkey, but also for the world economy," he added.
Palestinian President Mahmoud Abbas on Thursday expressed solidarity with Turkey during a phone call with President Recep Tayyip Erdogan.According to Turkish presidential sources, who spoke on condition of anonymity due to restrictions on talking to the media, said Erdogan and Abbas had a phone call Thursday evening.The leaders also discussed current issues, the sources added.US cannot see who its true friend is: Turkish FMAlbayrak says Turkey will come out of volatility strongerIraqi cleric urges support for Turkey amid row with USMacron tells Erdoğan Turkey's economic stability important for France
'Palestine stands with Turkey'
Foreign Minister Mevlüt Çavuşoğlu on Thursday reiterated his criticism of U.S.'s current political stance against Turkey."The U.S. does not know, it cannot see who its true friend is,” Çavuşoğlu told reporters during his closing speech at the 10th Ambassadors' Conference in the capital Ankara."We will never be happy with having issues with the U.S. We can easily solve problems with the U.S. but not with its current mindset," he said.Cavusoglu’s remarks came after U.S. President Donald Trump said Turkey "has not proven to be a good friend" during a Cabinet meeting Thursday."Turkey has not done any wrong to the U.S., not even once. When anyone faces any charges, regardless of the person’s citizenship, that person will have to go through the judicial process," he said.Albayrak says Turkey will come out of volatility stronger"We are not making a cowboy film. We are two great countries that need have good relations but we will learn to respect each other," Çavuşoğlu added.On Aug. 1 relations between Ankara and Washington nosedived when the U.S. imposed sanctions on two Turkish Cabinet ministers after Turkey refused to release an American pastor who faces terrorism-related charges in Turkey.Iraqi cleric urges support for Turkey amid row with USLast week, Trump ramped up his attack on Ankara by doubling tariffs on Turkish aluminum and steel imports to 20 percent and 50 percent, respectively.In response, Turkey raised tariffs on several U.S.-made goods, including alcohol and tobacco products and vehicles.Macron tells Erdoğan Turkey's economic stability important for FranceÇavuşoğlu also said that he will attend the informal meeting of EU Ministers of Foreign Affairs, also known as Gymnich, on Aug. 30 in Vienna.He added Turkey wants to develop relations with the EU, and that the country is "a part of the family".
US cannot see who its true friend is: Turkish FM
Turkish President Tayyip Erdoğan's spokesman said on Wednesday he expected problems with the United States to be resolved but Washington must stop trying to influence Turkey's judiciary.İbrahim Kalın stated that Turkey didn't want an economic war with the U.S., but that staying silent when it was being attacked was out of the question.Ibrahim Kalın also told a news conference that Turkey would exercise its rights if the U.S. does not deliver F-35 jets to Ankara. The lira, which has rallied after hitting a record low of 7.24 to the dollar, would continue to recover, he said.World leaders slam Trump’s sanctions, express support for Turkey"There were no talks planned between President Erdoğan and President Donald Trump", Kalın added.Kalın also said a news conference that Turkey will take a positive stance towards trading in national currencies to escape from U.S. dollar pressure.Ibrahim Kalin also expressed Turkey's “deep disappointment” over the U.S. stance on the detention of American pastor Andrew Brunson and said “If we are to mention any disappointment, we can say that Turkey is experiencing a deep disappointment in terms of its national interests,” to reporters at a weekly press briefing at the Presidential complex in capital Ankara.Turkey's doubling tariffs on US products will amount to $533 mln: Trade MinisterHis remarks came after the White House spokeswoman expressed Washington’s “frustration” regarding the Brunson case.Sarah Sanders said: “Certainly the President has a great deal of frustration on the fact that Pastor Brunson has not been released, as well as the fact that other U.S. citizens and employees of diplomatic facilities have not been released.“And we’re going to continue to call on Turkey to do the right thing and release those individuals,” she added.Criticizing the U.S. administration, Kalin said: “As they are taking relations with Turkey to a breaking point for one pastor, we have yet to see either the Obama or the Trump administration take any concrete steps towards Turkey’s rightful and urgent national security matters.”Turkey limits installment plans for credit cards, loansTurkey and the U.S. are currently experiencing rocky relations following Washington’s imposition of sanctions over the detention of American pastor Andrew Brunson, who is under house arrest in Turkey over terrorism charges.Brunson's charges include spying for the PKK -- listed as a terrorist group by both the U.S. and Turkey -- and the Fetullah Terrorist Organization (FETO), the group behind the defeated coup attempt in Turkey of July 2016.
Turkey doesn't want economic war with US, but wont stay silent: presidential aide
The Turkish Embassy in Lebanon on Wednesday thanked the Lebanese people for launching solidarity campaigns for the Turkish lira, which has recently lost ground against the dollar amid a raft of newly-imposed U.S. sanctions.“We thank the brotherly and friendly people of Lebanon for launching campaigns…in support of Turkey against the economic attacks the country is facing,” the embassy said in a statement.Merchants in several Lebanese cities, including capital Beirut, have launched campaigns to support the Turkish economy, offering discounts to customers who make purchases in Turkish lira.Turkey limits installment plans for credit cards, loansTurkey-U.S. are currently experiencing rocky relations since Washington imposed sanctions on Turkey’s interior and justice ministers last week after Ankara refused to release an American pastor who faces terrorism-related charges in Turkey. Last Friday, U.S. President Donald Trump doubled tariffs on aluminum and steel imports from Turkey.Turkish court rejects US pastor’s appeal for release for second timeIndonesia expresses support for Turkey, ErdoğanTurkish private sector's foreign long-term loans drop
Turkish Embassy thanks Lebanese for lira support
The use of installments for credit card shopping and loans in Turkey will be governed by new regulations under a decree published in the Official Gazette on Wednesday.The term of installment payments for credit cards cannot exceed 12 months for purchases of goods and services, says the decree.For electronic appliances, the period is three months, as well as six months for expenditures on computers, travel, logistics, and accommodation, and nine months for spending on health, social services, and taxes.Banking watchdog puts new limits on FX swapsIn addition, purchases of telecommunications, alcoholic beverages, cosmetics, food, meals, fuel, jewelry, office equipment, gift cards, and expenses abroad cannot be split into installments.According to the Official Gazette, vehicle loans can last no longer than 48 months, consumer loans 36 months, and computer/cellphone loans six months.The regulation enters into force on Sept. 1 and is carried out by Turkey's Banking Regulation and Supervision Agency's (BDDK).On Aug. 2, the BDDK released draft proposals to support financial stability and macroeconomic equilibrium in Turkey.Turkey raises tariffs on US-origin productsThe proposals aim to encourage conscious consumption and cautious borrowing, the agency said.Mehmet Ali Akben, head of the BDDK, told Anadolu Agency: "The proposals aim to bring down inflation, the current deficit, imports and household indebtedness."
Turkey limits installment plans for credit cards, loans