Erdogan says Turkey to take new measures on lira weakness

ANKARA (Reuters) – Turkey will take new measures to deal with a slide in the lira and will not refrain from “difficult” steps while remaining within free market economy rules, President Tayyip Erdogan said on Thursday.

In a speech to a traders’ confederation in Ankara, Erdogan said nobody should carry out business in foreign currency apart from exporters and importers. Earlier on Thursday he ruled that property sales and rental agreements must be made in lira, putting an end to such deals in foreign currencies.

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