Turkey’s president says country will defy economic threats

Erdogan said his country would stand against the US. (Reuters)
Updated 18 August 2018
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Turkey’s president says country will defy economic threats

  • The lira’s value dropped 38 percent against the dollar since the beginning of the year and sunk as low as 7.24 this week
  • Turkey is reeling from a massive sell-off of its currency as Washington imposed sanctions and threatened new ones

ISTANBUL: Turkey’s president has said his country will stand strong against an “attempted economic coup” amid heightened tensions with the US.
Recep Tayyip Erdogan on Saturday told thousands of supporters in Ankara that the country was being “threatened by the economy, sanctions, foreign currency, interest rates and inflation.”
He said: “we tell them that we see their game and we challenge them.”
Turkey is reeling from a massive sell-off of its currency as Washington imposed sanctions and threatened new ones if an American pastor under house arrest isn’t released.
The lira’s value dropped 38 percent against the dollar since the beginning of the year and sunk as low as 7.24 this week.
On Friday, ratings agencies Standard & Poor and Moody’s downgraded Turkey’s credit rating further to “junk” status.


US to leave 200 troops in Syria for a period of time - White House

A small peacekeeping group of about 200 will remain in Syria. (US Army photo)
Updated 22 February 2019
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US to leave 200 troops in Syria for a period of time - White House

  • The decision was announced after Trump spoke by phone to Turkish President Tayyip Erdogan

WASHINGTON: The United States will leave “a small peacekeeping group” of 200 American troops in Syria for a period of time after a US pullout, the White House said on Thursday.
President Donald Trump in December ordered a withdrawal of the 2,000 American troops in Syria on the defeat of the last remnants of the Islamic State militancy there.
But he has been under pressure from some advisers to adjust his policy to ensure the protection of Kurdish forces who supported the fight against Islamic State and who might now be threatened by Turkey.
“A small peacekeeping group of about 200 will remain in Syria for a period of time,” White House spokeswoman Sarah Sanders said in a brief statement.
The decision was announced after Trump spoke by phone to Turkish President Tayyip Erdogan.
A White House statement said that the two leaders agreed, regarding Syria, to “continue coordinating on the creation of a potential safe zone.”
They noted that acting Secretary of Defense Patrick Shanahan and Chairman of the Joint Chiefs General Joseph Dunford would be hosting their Turkish counterparts in Washington this week for further talks, the White House said.