FILE PHOTO: Turkish Treasury and Finance Minister Berat Albayrak speaks during a presentation to announce his economic policy in Istanbul, Turkey August 10, 2018. REUTERS/Murad Sezer
ANKARA (Reuters) - Turkey's finance minister promised to protect the lira on Tuesday, after it fell to a record low against the dollar this week, and said the U.S. currency had "lost credibility" because it had been exploited as a political tool.
Treasury and Finance Minister Berat Albayrak said he expected the lira to strengthen, and that Turkey would continue to take measures within free market rules to decrease foreign exchange risks to companies.
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