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Turkey’s Simsek: Shock from coup ‘largely done’, but risk for inflation
ANKARA, July 21 Turkey’s ruling AK Party gave a free hand for years to a religious movement led by US -based Muslim cleric Fethullah Gulen it now accuses of orchestrating a failed military coup, Deputy Prime Minister Mehmet Simsek said on Thursday. Investors are anxious about the reach of the government crackdown following the coup.
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Simsek’s comments come after Turkey announced Wednesday a nationwide three-month state of emergency after a failed coup which martyred hundreds and injured more than 1,500 people last week.
But he reiterated the government’s accusation that the Gulen Movement, which is led by US-based Muslim cleric Fethullah Gulen, was behind the coup attempt.
A boy waves a Turkish national flag as supporters of Turkish President Tayyip Erdogan attend a pro-government demonstration on Taksim square in Istanbul, Turkey, July 20, 2016. Will they quit selling goods to us?
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The USD/TRY rate had broken the psychological barrier of 3 Turkish liras to reach 3.05 late Friday following the airing of the statement from the coup plotters on state broadcaster Turkish Radio and TV Corporation (TRT).