Turkish Lira and Stock Market Plunge Following Arrest of Istanbul Mayor and Erdogan Rival
The Turkish lira plummeted to a record low against the U.S. dollar, and the country’s stock market experienced a sharp decline after the sudden arrest of Istanbul Mayor Ekrem Imamoglu. A prominent opposition figure and a key rival of Turkish President Recep Tayyip Erdogan, Imamoglu was detained on charges he strongly denies, sparking political turmoil […]
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