[size=36]The Turkish lira fell after Trump threatened to destroy the country's economy[/size]
The Turkish lira witnessed the biggest drop in nearly a month against the US dollar on Monday, as the US president, Donald Trump, threatened to destroy Turkey's economy.
The Turkish lira fell amid fears of the implications of the upcoming Ankara operation in northeast Syria to 5.8050 points for one US dollar, recording a decline of 1.94% to 16:27 GMT.
These developments also resulted in a significant decline in the price of Turkish sovereign bonds in US dollars.
The US president threatened earlier in the day to "destroy and demolish" Turkey's economy in the event of any move would be considered "beyond the permissible limits" in Syria.
The threat came as the United States began withdrawing its troops from northeastern Syria near the Turkish border, coinciding with the latter's preparations for a military operation to clear the territory of Kurdish People's Protection Units (YPG) active in the US-backed Syrian Democratic Forces coalition in the war. Ankara considers it a terrorist organization and an arm of the Kurdistan Workers' Party (PKK).