(Reuters) The lira weakened against the dollar on Tuesday after U.S. President Donald Trump said he would give Turkey no concessions in return for the release of a detained American pastor, the latest salvo in a worsening rift between the NATO allies.

In an interview with Reuters on Monday, Trump criticized Ankara over the detention of the evangelical Christian pastor, Andrew Brunson, and said he was not concerned that his tough stance against Turkey could end up hurting European and emerging market economies.

Brunson, who is originally from North Carolina and has lived in Turkey for two decades, has been detained for 21 months on terrorism charges, which he denies. The pastor has become an unwitting flashpoint for the diplomatic tension, which has accelerated the crisis in the lira.

Trump said that, after he helped persuade Israel to free a detained Turkish citizen, he thought Turkish President Tayyip Erdogan would then release Brunson.

“I think they’re making a terrible mistake. There will be no concessions,” Trump told Reuters.

The lira weakened to 6.0925 against the U.S. currency by 1111 GMT, from a close of 6.0865 on Monday, when Turkish markets began a holiday to mark the Muslim Eid al-Adha festival that continues for the rest of this week.

Trade was thinner than usual and probably mainly offshore, with local markets closed for the holiday. The currency has lost 40 percent of its value against the dollar this year. However, selling on Tuesday was limited due to a broadly weaker dollar.

Turkish government officials did not comment on Trump’s remarks when they spoke after prayers to mark the start of the festival.

ALSO READ  US may impose sanctions against Turkey over S-400 'threat' to F-35

Devlet Bahceli, leader of a nationalist party allied with Erdogan’s AK Party, told reporters: “We have no business with those who love Brunson more than us”.

 

Advertisements
Share this article:
  • 38
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
    38
    Shares
The International News Desk reports on issues and events world wide.

Notice: All comments represent the view of the commenter and not necessarily the views of AMN.

All comments that are not spam or wholly inappropriate are approved, we do not sort out opinions or points of view that are different from ours.

This is a Civilized Place for Public Discussion

Please treat this discussion with the same respect you would a public park. We, too, are a shared community resource — a place to share skills, knowledge and interests through ongoing conversation.

These are not hard and fast rules, merely guidelines to aid the human judgment of our community and keep this a clean and well-lighted place for civilized public discourse.

Improve the Discussion

Help us make this a great place for discussion by always working to improve the discussion in some way, however small. If you are not sure your post adds to the conversation, think over what you want to say and try again later.

The topics discussed here matter to us, and we want you to act as if they matter to you, too. Be respectful of the topics and the people discussing them, even if you disagree with some of what is being said.

Be Agreeable, Even When You Disagree

You may wish to respond to something by disagreeing with it. That’s fine. But remember to criticize ideas, not people. Please avoid:

  • Name-calling
  • Ad hominem attacks
  • Responding to a post’s tone instead of its actual content
  • Knee-jerk contradiction

Instead, provide reasoned counter-arguments that improve the conversation.

newest oldest most voted
Notify of
n.md.148
Guest
n.md.148

the oppressor and funder of terrorism will have zilch concession in h**l too

Daeshbags Sux
Member
Member
Master
Upvoted
Rookie Mentor
Commenter
Daeshbags Sux

I hope you get that most of terrorists operating in Syria are Turkey/Qatar/Iran proxies…
Iran is even in both camps since Iran funds/arms Hamas which itself do so onto al-Nusra and ISIS (which Iran founded), meanwhile Iran also backs UNSC-banned (at the unanimity) Hezbollah…
A bit complicated for simpletons for sure, but this is a 2350 years old strategy 😉

Daeshbags Sux
Member
Member
Master
Upvoted
Rookie Mentor
Commenter
Daeshbags Sux

“The currency has lost 40 percent of its value against the dollar this year.” => This is NOT related to any souring relations between USA and Turkey : When you borrow near half a trillion $ for mega-projects at usury interest rates because no serious bank is willing ‘coz your economy can’t back such a gigantic sum and moreover, you act like an idiot towards economical partners like the EU when your main source of revenues are EU tourists… Erdogan should consider stop snorting cocaine… Although… it’s a bit too late now : Turkey is in a debt trap and… Read more »

Member
Newbie
Tommy Jensen

Turkey in the pocket of IMF, ECB, Citybank, Goldmann Sachs……………..LOL.
Bye bye S-400, bye bye South Stream, bye bye F-35, bye bye new airplanes.
The Turks are back cleaning boots on Americans, dreaming of Europe.