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Aug 14 2018

Turkish opposition nationalist leader calls for unity in financial crisis

The leader of the Turkish right-wing nationalist opposition Good Party called on Tuesday for all parties to unite and work together to face a financial crisis triggered by U.S. sanctions and tariffs, the left-wing Birgün newspaper reported.

The Turkish lira lost 32 percent value in August alone, following the U.S. announcement earlier this month that it will apply sanctions on two Turkish ministers and double tariffs on steel and aluminium in response to Turkey’s ongoing detainment of U.S. pastor Andrew Brunson.

"I call on all political parties to cooperate in solving the problems of the nation. And as the first step, I invite the Turkish parliament, the bastion of our national sovereignty, to convene with the agenda of national economy against what the leading power calls the financial war that threatens our national sovereignty,” Good Party leader Meral Akşener said.

The Good Party leader stressed the importance of the independence of the central bank and called for switching to the Turkish lira in all public projects and tenders.

Turkish President Recep Tayyip Erdoğan cemented his control over the economy after winning elections in June, which ushered in a new executive presidential system that grants the president the power to appoint central bank officials.