Turkish Foreign Minister Mevlut Cavusoglu accused on Monday the United States of acting against their alliance regarding fundamental security issues. Addressing ambassadors in Ankara, he added that Washington should learn that it will not achieve any results by threatening Turkey. The US will not achieve aims by exerting pressure and imposing sanctions on Turkey, he continued. Cavusoglu therefore, called on Washington "remain loyal to ties based on traditional friendship and NATO alliance" with Turkey. Turkey has been hit by financial turmoil, with the lira plunging over deepening concerns about the governments economic policies and a diplomatic spat with the United States. Angered by the continued detention of an American pastor, the US government imposed sanctions on two cabinet ministers and threatened more. It also doubled tariffs of steel and aluminum imports. Cavusoglu said: "We support diplomacy and negotiations but it is not possible for us to accept impositions." Earlier on Monday, Turkeys Central Bank announced a series of measures to help banks manage their liquidity, after the countrys finance chief said the government had readied an "action plan" to ease market concerns that led to a slump in the value of Turkish currency. The bank released a statement saying it would "provide all the liquidity the banks need." The currency tumbled to a record low of around 7.20 lira against the dollar late on Sunday after President Recep Tayyip Erdogan warned of drastic measures if businesses withdraw foreign currency from banks. The lira recovered to 6.61 following the Central Banks announcement.
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