Turkish Lira, the stock market decreased after the arrest of the mayor of Istanbul and Erdogan's competitor


Istanbul municipality mayor Ikrim Eamoglu on May 19 anniversary speaks of Ataturk's celebrations of youth and sports held in the Maltepe Hadath area on May 19, 2023 in Istanbul, Türkiye.

Hakan Akgon Gety pictures

Turkish Lira He decreased to the lowest record against the dollar, and the country's standard stock index decreased by up to 7 % after his sudden arrest of Istanbul's mayor, Akram Eamoglu – a competitor to Turkish President Recep Tayyip Erdogan and the pioneering opposition party's personality – on the charge he saved.

A lira was circulated to 40.96 in US dollars, according to Refinitiv data, before moving to 38.74 by 12:47 pm in Istanbul, with 5.53 % of the long Turkish currency. the You are a 100 -storey index Loss of losses after up to 7 % decreased in the morning.

Imamoglu, from He won the municipality of the city most overcrowded in Türkiye In April 2023, charges including terrorism and organized crime were arrested, according to the government media outlet, which was martyred in the office of the Prosecutor in Istanbul. The news agency reported that the prosecutors also issued orders to 100 other people.

The 53 -year -old famous mayor was seen as the next opposition party candidate for the Turkish presidency. The Republican People's Party in IMAMOGLU (CHP), the main opposition party in Turkey, was scheduled to appear in preliminary elections on March 23, when it was widely expected to appear as a group presidential candidate.

In a statement, the Republican People's Party categorically rejected the charges against Imamoglu, describing the move as a coup.

“Making decisions on behalf of people, or using force to replace people's will or block a coup,” said Ozgur Ozl, Chairman of the CHP board, in a post from Google on the social media platform.

“There is currently a power to prevent the nation from identifying the next president. We are facing a coup attempt against our next president.”

CNBC contacted the Turkish Presidential Office to comment.

Leave a Reply

Your email address will not be published. Required fields are marked *