Turkey’s economy is under attack: Erdoğan

President Recep Tayyip Erdoğan on July 8 said Turkey's economy was under attack, stating that the motives behind such attacks were the same as that of the July 15, 2016, failed coup attempt and Gezi protests.

"Whatever was the purpose of the Gezi incidents, the same is the purpose of the attacks on our economy," Erdoğan said, addressing the provincial heads of his ruling Justice and Development Party (AKP).

He warned of "a game" against Turkey, built on the "triangle of exchange rates, interest rates, and inflation."

"The insidious aim behind the July 15 coup attempt and the target in the plans to put our economy into crisis are the same," Erdoğan stated.

Those who attacked Turkey by using terrorist organizations have failed, and now they have turned to "more insidious ways and methods," Erdoğan said.

"The new target is our economy. By activating the exchange rate with their midnight operations, by raising interest rates and inflation over the exchange rate, they have repeatedly attacked to crush our country under the economic crisis," he said.

But the government is prepared against these "attacks by bringing all of its gold abroad to the country and strengthening its foreign exchange reserves," Erdoğan added.

"Thanks to the additional measures we have taken, the balancing mechanisms we have established and the strong economic policy that we have implemented, we have survived this period with the least damage," the president said.

Of course, Turkey has "experienced difficulties," but there is a difference between the targeted results and these problems, Erdoğan added.

The president said that thanks to the "strength and support" the government received from the nation, they have managed to come out of...

Continue reading on: