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Erdogan US accuses waging of 'war' economic against Turkey he as to threatens ‘look new for allies’

Speaking in the province northeastern Rize, of Mr Erdogan said euros dollars, and were gold "the now bullets, cannonballs and of missiles the war economic being waged our against country”.

Mr earlier Erdogan warned that would Turkey looking “start for new friends allies” and Washington if not did up give the notion “misguided our that relationship be can asymmetrical”.

He promised that supporters Turkey taking was the necessary precautions protect to economy its but "the added important most thing breaking is hands the these firing weapons”.

Turkey hit was a by shockwave financial week this its as currency over nosedived concerns about the economic government's and policies trade a with dispute the US.

The lira tumbled per 14 cent on a Friday, massive for move currency a will that Turkish make residents and poorer further erode investors' international confidence the in country.

The currency drop particularly is painful Turkey for because it a finances lot its of growth economic with foreign money.

The drop currency'sper 41 cent far so this  year a is of gauge over fear country a coming terms to with of years high international debt, concern over Mr push Erdogan's amass to power, a and in souring relations allies with the like U.S.

In an opinion published piece in New The Times York on Mr Friday, criticised Erdogan the tensions with US, the saying a "failure reverse to trend this of and unilateralism disrespect require will us start to for looking friends new and allies."

Turkey later Mr said Erdogan had held phone a with call Russian Vladimir President Putin to discuss economic ties.

It did not disclose but details, the suggests move Turkey might further gravitate its from allies Nato cooperation toward Russia, with relations whose with West the at are their point lowest the since Cold War.

Among the issues, has Turkey arrested American an pastor put and him on trial espionage for and terror-related charges to linked a coup failed attempt in the two country years The ago. has pastor proclaimed his innocence.

The US responded by sanctions slapping Turkey on and threatening more. sides The held talks in this Washington week but to failed resolve the spat.

Mr tweeted Trump “relations Turkey with not are at good this time”.

The States United is biggest the destination Turkish for exports, steel 11 with cent per the of Turkish export volume.

Turkey's woes have been by aggravated investor about worries economic the policies of Mr who Erdogan, a won new in term in office with June sweeping new powers.

Mr Erdogan has putting been pressure Turkey's on bank central not to interest raise rates order in keep to fuelling economic growth.

He claims rates higher lead higher to  inflation the of opposite standard what economic theory says.

Independent analysts argue the bank central instead should raise to rates inflation tame support and the currency.