President Erdogan has previouly blamed an unspecified “interest-rate lobby” for manipulating the Turkish lira

Turkish media have blamed the “Jewish lobby” for the sudden drop in the value of the country’s currency, based on a tweet from an Israeli academic.

The Turkish lira has fallen by 20 per cent against the dollar this year and President Erdogan has repeatedly blamed an unspecified “interest-rate lobby” for manipulating the currency.

Turkey’s press is almost exclusively controlled by the state or pro-Erdogan businessmen after a crackdown on critical media. It seized upon a tweet by Edy Cohen that the crisis in the Turkish currency began shortly after the Israeli ambassador to Turkey was ordered to temporarily leave. Dr Cohen is a specialist in Nazi propaganda in the Arab world at Bar-Ilan University.

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