President Erdoğan expresses gratitude to those who converted dollars to Turkish Liras

ISTANBUL

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Turkish President Recep Tayyip Erdoğan has expressed his gratitude to people who joined campaigns to shore up the struggling lira, but added that it was insufficient, state-run Anadolu Agency has reported.

“I appreciate my people’s choice of converting their foreign currency into liras. But this is insufficient. I think people should stress this issue more,” he said Dec. 9.   

Erdoğan blamed the “interest rate lobby” and urged people not to give credence to it.

“My nation should not give credence to the interest rate lobby, because they are in a rush for something. Its [the interest rate lobby’s] incomes are unearned from people’s money and deposits, and then it brags about what it has done,” Erdoğan said.