Erdogan says he expects attacks on Turkish economy to continue

August 13, 2018 7:32 AM EDT

Turkish President Tayyip Erdogan addresses businessmen in Trabzon, Turkey August 12, 2018. Murat Kula/Presidential Palace/Handout via REUTERS

ISTANBUL (Reuters) - President Tayyip Erdogan said on Monday he expected attacks on Turkey's economy to continue but predicted the lira would return to "rational levels" soon, after the Turkish currency hit a record low of more than 7 to the U.S. dollar.

Erdogan, who has described the lira's fall as the consequence of a plot rather than economic fundamentals, also said that spreading false news about the economy was treason and recent U.S. actions were a stab in the back against Ankara.

(Reporting by Humeyra Pamuk and Ali Kucukgocmen; Editing by Dominic Evans)



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