Wednesday, 26 September, 2018

Turkey lira slumps to record lows over United States sanctions

US ‘addiction to sanctions knows no bounds’ – Iranian foreign minister Youth Union of Turkey stage an anti-US protest outside the Parliament AFP
Charlie Simmons | 04 August, 2018, 18:30

Turkish President Tayyip Erdogan greets his supporters as he leaves from a mosque following the Friday prayers in Ankara.

While Turkish FM Mevlut Cavusoglu had agreed to resolve the situation in a meeting with Pompeo, he also says that the threatening language and sanctions from the USA won't get them anywhere.

Cavusoglu told Turkish press that the meeting was "constructive", but also spoke out against the sanctions. "They agreed to continue to try to resolve the issues between our two countries", she said.

Speaking on Friday ahead of the meeting, Pompeo said that U.S. sanctions on Turkey showed America is "very serious" about Brunson's release. "But we have agreed to work together, closely cooperate and keep the dialogue in the coming period".

United States media reported there had been a deal with Turkey to free Brunson after Washington's ally Israel released a Turkish woman held on terror charges.

A money changer counts Turkish lira banknotes at a currency exchange office in Istanbul, Turkey August 2, 2018.

Within hours Turkey vowed to retaliate "without delay" but since then the tone of comments from Ankara has moderated and so far it has taken no such step. He says Turkey is now "on notice".

"I hope they'll see this for what it is, a demonstration that we're very serious", Pompeo said in Singapore of the sanctions.

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Brunson, jailed in December 2016, is now under home detention.

Turkish President Recep Tayyip Erdogan announces short-term "100-day action plan" to be executed under the new presidential system that focuses on reforms in areas including defence, economy, education and foreign policy.

"Pretty straightforward", Pompeo said. "These are innocent people".

"We are going to work to see if we can find a way forward; I am hopeful that we can", he said.

It is unclear who that would affect, due to differing Cabinet roles in the United States than in Turkey, or if the intended officials even have any holdings in Turkey.

The FETO and its US-based leader Fetullah Gulen orchestrated the defeated coup of 2016, which left at least 250 people dead and almost 2,600 wounded. He is facing a 35-year sentence if convicted of the charges of "committing crimes on behalf of terror groups without being a member" and espionage.

Brunson was accused of helping supporters of Fethullah Gulen, the USA -based cleric who Turkish authorities say masterminded the 2016 coup attempt against Erdogan in which 250 people were killed.

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