Recep Tayyip Erdogan accused the United States of causing an economic crisis in Turkey

Turkish President Recep Tayyip Erdogan has accused the United States and other Western countries of causing an economic crisis in Turkey in 2018. crash of the readWhat? it's depreciated by almost 40% against the dollar.

"Behind the manipulations of August 2018 on the Turkish money market, there are several Western countries, mainly the United StatesWhat? they are trying to put pressure on AnkaraErdogan said at a meeting with several media, according to the state agency Anadolu.

A few days ago, Erdogan threatened to "pay the high price" to those who speculate against the Turkish currency.

The strengthening of the dollar promoted by the US Federal Reserve, which raised interest rates, has hit hard several "emerging countries" such as Argentina and Turkey, which have not received any inflow of short-term capital term.

In addition, the USA doubling tariffs on aluminum and steel imported from Turkey. Ankara responded by imposing US $ 533 million on US imports and threatened to boycott US electronics.

The Turkish economy has entered recession for the first time in ten years and inflation, fueled by the fall of the lira, has hit consumers, which could hurt Erdogan party's election expectations in Sunday's municipal elections.

Doubts about the march of the Turkish economy became evident this Wednesday when the The Istanbul Stock Exchange closed 5.67%, the biggest decline since 2016.

Several international funds accuse Turkish banks of not offering them low liquidity for their operations and some badysts see in this situation a government operation to avoid a depreciation of the national currency before the elections.

This Sunday, nearly 58 million Turkish voters are called to the polls to elect their mayors. The conflict concerns the two big cities, Istanbul and Ankara, the economic heart of the country.