Turkish President Recep Tayyip Erdogan accused “economic terrorists” for a conspiracy against Turkey, through the dissemination of false information, and said they would feel the full force of the law after the authorities began an investigation into the suspects.

“There are economic terrorists in social networks”, said Recep Tayyip Erdogan. He also added that judicial and financial authorities in the country are already taking action against them. “We will get those who spread speculation to pay the necessary price”, added he.

The president, who gained power after his reelection in June, said rumors are spread that the authorities could impose capital controls in response to the lira.

The interior ministry said that 346 profiles of social networks have already been identified, containing posts on interest rates, which, according to the agency, have a negative impact on the country’s economy. It is also stated that legal measures will be taken against them, but it does not specify what they will be.

At the same time, the prosecutors in Ankara and Istanbul have launched investigations against individuals suspected of activities threatening Turkish economic security.

Earlier, Turkish Finance Minister Berat Albayrak said that Ankara would begin implementing an economic action plan against the crisis.

The Minister emphasized the importance of budgetary discipline and ruled out taking control or reversing dollar-denominated bank deposits in TRY.

The depreciation of the Turkish lira is largely due to concerns about Erdogan’s influence on the economy, his repeated calls for lower interest rates and the deterioration of relations between Turkey and the United States.

In his speech Monday, the Turkish president confirmed his position that the collapse of Turkish money was not on an economic basis, adding that US sanctions in connection with the detention of US pastor Andrew Brunson in Turkey on charges of terrorism was “a knife in the back” from their NATO ally.