August 31, 2018 / 8:36 AM / 8 months ago

Turkey's Erdogan says lira targeted in operation, volatility will pass

FILE PHOTO: Turkish President Tayyip Erdogan attends a news conference in Ankara, Turkey, August 14, 2018. REUTERS/Umit Bektas/File Photo

ANKARA (Reuters) - President Tayyip Erdogan said on Friday the Turkish lira was being targeted in an operation but that Turkey will overcome the attack and the currency volatility will pass.

In a speech at a military graduation ceremony, Erdogan said Turkey was taking the necessary measures in response to the lira slide and it was starting to see concrete results from these steps.

Reporting by Tuvan Gumrukcu and Gulsen Solaker; Writing by Daren Butler; Editing by David Dolan

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