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The source said: “The two leaders underlined the importance of further strengthening economic and trade relations and boosting mutual investments between France and Turkey.”

The unnamed source added that they had agreed that their finance ministers – Berat Albayrak and Bruno Le Maire – would meet “as soon as possible,” and that Mr Macron had told Mr Erdogan that Turkey’s economic stability was “important” for France.

Turkey has been hit by a currency crisis fuelled by a heated row with the United States. The two NATO allies have been at loggerheads for months over a host of diplomatic issues, namely Turkey’s refusal to release an American pastor and differences over their handling of the Syrian conflict.

Earlier this month, Washington imposed tough economic sanctions on Turkey’s justice minister and interior minister for not releasing Andrew Brunson, an evangelical Presbyterian pastor from North Carolina.