Turkish lira weakens as us warns of new sanctions over detained pastor #

It seems like you're referring to a recent news article about the Turkish Lira (TRY) weakening in value due to the threat of new sanctions from the United States (US) over the detention of an American pastor.

Here's a brief summary:

The Turkish Lira (TRY) has been experiencing a significant decline in value against the US Dollar (USD) in recent days, with the exchange rate reaching a record low. This weakness is largely attributed to the escalating tensions between Turkey and the US over the detention of Andrew Brunson, an American pastor who has been held in Turkey since 2016 on charges of espionage and terrorism.

The US has been urging Turkey to release Brunson, and on August 10, 2018, the US Treasury Department announced that it would impose sanctions on Turkey's Justice Minister and Interior Minister over the pastor's detention. This move has led to a significant decline in the value of the Turkish Lira, as investors have become increasingly concerned about the potential impact of further sanctions on the Turkish economy.

The Turkish government has been resisting international pressure to release Brunson, and the situation remains unresolved. The weakening of the Turkish Lira has significant implications for the country's economy, as it could lead to higher inflation, reduced purchasing power, and increased costs for imports.

It's worth noting that the Turkish Lira has been experiencing a decline in value over the past year, largely due to concerns over the country's economic stability and the impact of US sanctions. The current situation is likely to exacerbate these concerns and may lead to further economic instability in Turkey.