A senior Iranian official says the Turkish economy's dependence on foreign capital is to blame for a drop in the value of its currency.
Mohsen Rezaee, the secretary of Iran’s Expediency Council, made the comment on his Instagram page.
“The Turkish currency has considerably dropped in value. This is while Turkey is neither under sanctions, nor being threatened, and it is even a NATO member,” he wrote on Monday.
“The sudden decrease in the value of the Turkish Lira showed that making economy dependent on foreign assets could wrest control of a country’s economy from its statesmen and pose risks,” he noted.
He underlined it is not only Iran that needs to strengthen its economy.
Rather, as he added, all countries in the Middle East region need to adopt policies to make their economies stronger.
Turkey is trying desperately to halt a collapse in its currency that could trigger an economic crisis just as the country prepares to vote in an election.
Turkish inflation reached 10.85 percent and the economy has been plagued by fears of overheating despite impressive growth.
Doha could close the political office of Hamas as part of a broader review of…
Tel Aviv could offer to share control over the Gaza Strip with the US and…
The Iranian foreign minister has called on the Egyptian government to facilitate the transfer of…
The Organization of Islamic Cooperation’s conference kicks off in Gambia’s capital Banjul.
A group of mourners took to Imam Reza’s shrine in the northeastern Iranian city of…
An Israeli military incursion into Gaza's southern city of Rafah could lead to a "bloodbath",…