Plot being conducted against Turkish economy: Minister

“As we all see, there has been a plot against the Turkish economy, aiming at showing the economy and economic figures to be in a worse situation than they actually are by exaggerating [negative] economic developments,” he said. 

He said there was no economic reason for the Turkish Lira to lose value against the U.S. dollar. 

There is also no deterioration in the macroeconomic indications, he said, while adding that GDP growth has slowed down somewhat, but in line with recent developments in the global economy. 

Canikli also said there had been a dramatic decrease in the country’s current account deficit.  

The recent changes in euro-dollar parity have been affecting almost all currencies, including the lira, but nothing more, the minister said.

“It will not take longer for the lira to lose value. The biggest stopper will be foreign investors as some 65 percent of our stock exchange transactions are made with the lira. The loss in the lira hits them the most,” he said.