Finance Minister Berat Albayrak has promised "realistic macro targets" and "right action plans" in the three-year programme to 2021.

Emerging market currencies sank in Asia on Friday, with the Indian rupee at a record low as dealers fear contagion from financial crises in Argentina and Turkey.

The lira has lost nearly 45% of its value since the start of the year against the dollar as investors took fright over a bitter row with the United States.

The lira has lost nearly 40% of its value against the dollar this year, hit by both the diplomatic rift and investor alarm.

The lira gained some support from the announcement late on Wednesday of a Qatari pledge to invest $15bn in Turkey.

The move comes after US President Donald Trump announced that the United States was doubling steel and aluminium tariffs on Turkey.

Relations between the two Nato allies have plummeted in one of their worst crises in decades after the detention of US pastor Andrew Brunson on terror-related charges.

The rupee has been on a downward spiral throughout 2018 after starting the year at 63.67.

With investors already on edge over the China-US trade war, the lira's collapse sparked a sell-off in Europe and New York at the end of last week.

President Tayyip Erdogan on Friday called on Turks to ignore developments in the Turkish lira, saying the country was set to post record growth despite the economic attacks it has been facing.

The sell-off has deepened concern about exposure to Turkey, particularly whether over-leveraged companies will be able to pay back loans in euros and dollars.

Borussia Dortmund coach Thomas Tuchel hopes the return of the Champions League will provide the jolt his inconsistent side need ahead of today’s visit to Benfica in the first leg of their last-16 tie.