Trump threatens to destroy Turkey’s economy, drastic decline in lira value

One dollar equaled 5.8050 lira

One dollar equaled 5.8050 lira

Washington … News Time

On Monday, the Turkish currency’s Lira price dropped nearly 2% against the dollar. This is the largest drop in the value of the lira against the dollar over the past two months. The recent decline in the value of the lira occurred immediately after the threat posed by US President Donald Trump. Trump said in his tweet that Turkey’s economy would be destroyed if Ankara took any military action beyond its limits. Trump’s hint was toward a possible future military operation in northern Syria. According to US agency Bloomberg and British Agency Reuters, amid fears of the far-reaching consequences of Ankara’s upcoming military operation in northeastern Syria, the value of the Turkish lira dropped to $ 5.8050 a pound on Monday. As a result of this progress the value of Sovereign bonds in Turkey has also dropped significantly, the value of these bonds is in US dollars.

Donald J. Trump


As I have stated strongly before, and just to reiterate, if Turkey does anything that I, in my great and unmatched wisdom, consider being off limits, I will totally destroy and obliterate the Economy of Turkey (Ive done before!). They must, with Europe and others, watch over…


8:38 AM – Oct 7, 2019

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On the other hand, the US newspaper The Washington Post has revealed that Trump has refused to offer any kind of support to Erdogan in Turkey’s upcoming military campaigns in some areas in Syria. Trump’s stance came during his telephonic conversation with the Turkish president. A senior US official denied anonymity on the condition that the US president confirms Turkey’s upcoming military intervention. The responsible said that we are not supporting this operation in any way. He added that Trump rejected Erdogan’s request for military assistance in Syria’s operation. According to the newspaper, an American official says the US military knew of the bombing and air strikes by Turkish forces, but it seems that it was all outside the “safe zone”.


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