Lira has lost more than 5% in relation to the dollar, which becomes the world’s weakest currencies in similar ownership.
Turkish financial markets are experiencing shocks following the restraint of the Istanbul Ekrem Imamoglu mayor, which is considered the main opponent of President Recep Tayyip Erdogan. It was written by Bloomberg on Wednesday, March 19.
It was noted that investors began to widely sell properties, which led to the collapse of shares and lira.
The Borsa Istanbul 100 opening index fell 6.9%, which is why the suspended bidding is suspended. After recovery of the passage, 4.6%reduced.
The profitability of the 10-year government bond increased by 175 main points by 29.94%. Lira has lost more than 5% in relation to the dollar, which becomes the world’s weakest currencies in similar ownership.
Until recently, investors in the world have positively evaluated the Turkish ownership, which relies on improving the economic situation and closer relationships with the European Union. However, political uneasy has destroyed this optimism.
Remember that the mayor of Istanbul is confined as part of the investigation of possible connections to corruption and terrorism. This happened shortly before he was appointed a presidential election candidate in 2028.
Investors are widely selling shares of Indian companies
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.