Turkey says has action plan to ease market concerns; lira firms from record low


  • World
  • Sunday, 12 Aug 2018

Turkish President Tayyip Erdogan addresses members of his ruling AK Party in Rize, Turkey August 11, 2018. Murat Kula/Presidential Palace/Handout via REUTERS

ISTANBUL (Reuters) - Turkey has drafted a economic action plan and will start implementing it on Monday morning to ease investor concerns, Finance Minister Berat Albayrak said on Sunday, after the lira plunged to a new record low in early Asia Pacific trade.

In an interview with Hurriyet newspaper published online, Albayrak described the lira's weakness as "an attack," echoing President Tayyip Erdogan - who is his father-in-law - and said the action plan was ready.

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