Turkish president Erdogan is speaking in Bayburt
- It's a national, local struggle
- The dollar cannot block our path
- Converting FX to liras is to be the nation's best response
- All hardships will pass
- Those with FX, gold under the pillow must convert to the lira
- That'd be the nation's answer to the economic war
He's asking the people to convert their foreign currencies into the lira. He's shouting into the mic as though this is some political campaign rally. And he's continuing to reiterate the pledge for citizens to convert their dollars, euros, gold into the Turkish lira.
If that is his best response to the situation, then there is going to be further pain to come after this I reckon.
And USD/TRY now climbs back above 6.00 in response:
