August 14, 2018 / 2:18 PM / a year ago

Turkey to ban U.S. products in construction: minister

FILE PHOTO: Labourers work at the construction site of a new office building at the business district of Sisli in Istanbul, Turkey May 24, 2017. REUTERS/Murad Sezer

ANKARA (Reuters) - Turkey will not use U.S. products in construction, the environment and urbanisation minister said on Tuesday, in response to what he called “speculative moves in the U.S. dollar.”

Minister Murat Kurum said the country was going through an economic siege. The lira has lost more than 40 percent of its value against the dollar this year, and has traded at a record low on Monday.

Reporting by Orhan Coskun; Writing by Ece Toksabay; Editing by Dominic Evans

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