Turkish presidential spokesman İbrahim Kalın called the Turkish lira’s fall against the dollar artificial and inflated, and said the government was taking the appropriate measures, state-run Anadolu news agency reported.
The nation’s currency reached a record low against the dollar on Wednesday over worries about persistent inflation and political interference in central bank decision-making. The fall comes ahead of June 24 presidential and parliamentary elections in which opinion polls say the economy is the number one issue for voters.
Government supporters have blamed the lira’s fall on what they say is an international conspiracy against President Recep Tayyip Erdoğan, who has ruled Turkey since 2003.
“Today and tomorrow, all economic institutions, including the central bank will take the necessary steps so that the economy can might have a relief, the dollar might have a relief. Because this rise is not natural, it is artificial and inflated,” Anadolu quoted Kalın as telling Best FM.
"The Turkish economy is strong. If it were weak, it would have collapsed immediately after the July 15 coup attempt,” Kalın added referring to a failed coup attempt in 2016.