Erdogan tells Turks to buy crumbling lira as Trump turns the screws


ISTANBUL/WASHINGTON (Reuters) – President Tayyip Erdogan told Turks on Friday to sell their gold and U.S. dollars to support the country’s currency which plunged after U.S. President Donald Trump escalated a feud with NATO ally Turkey by doubling tariffs on metals imports.

The Turkish lira TRYTOM=D3 has long been falling on worries about Erdogan’s influence over monetary policy and worsening relations with the United States.

On Friday the currency dropped as much as 18 percent at one point, the biggest one-day fall since a 2001 financial crisis in Turkey.

Reverberations spread through…



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