Envoys from countries including the US, Germany and France called for release of businessman and philanthropist Kavala.
The lira fell as much as 1.5 percent to a record low of 9.6625 per dollar on Friday.
Turkey’s central bank delivered a massive interest rate cut on Thursday, sending the lira to a new record low.
Ten foreign diplomats had issued a rare joint statement calling for the release of a philanthropist jailed since 2017.
Ankara blasts the European Commission report as based on ‘unfair criticisms and baseless claims’.
The connection would happen through an underwater cable that carries electricity across the Mediterranean sea.
Ankara summons envoys over joint call for release of Osman Kavala, who has been jailed without conviction since 2017.
No casualties reported as magnitude 6 earthquake struck cities across several countries in the Eastern Mediterranean.
Expectations of an interest rate cut later this week, despite high inflation, are pressuring the lira.
Turkish president says the US proposed the sale of F-16 fighter jets in return for its investment in the F-35 programme.
In farewell visit to Turkey, outgoing chancellor says security and independence of both countries depend on each other.
Over the past two decades, Turkey has sought to present itself as an alternative external power in the continent.
The lira fell as much as 1.1 percent to a fresh all-time low of 9.1883 per dollar on Thursday.
Two of the officials let go had opposed the last interest rate cut which sent the lira to a new all-time low.