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The participants of the rally face the Turkish anti -defeat police when they use tear gas and water guns during the demonstration after the Mayor Istanbul’s arrest in Ankara on March 21, 2025.
Odem Altan | AFP | Gets the image
More than 1,100 people have been arrested in Turkey’s nationwide protests since the demonstrations began on March 19, Turkish authorities said on Monday, as political and economic instability was deprived of the nation 85 million after the Mayor Istanbul’s Mayor Imomoglu.
The fact that ahead for Turkey is very uncertain, but analysts expect a long period of volatility for the Turkish lyre and foreign stocks that the country will need to be burned to keep it afloat.
Last week, Central Bank officials spent $ 12 billion in foreign reserves to support lyre, Reported about Financial Times As of March 21, after the currency reached a record low over 40 to the dollar. Initially, the markets plunged into the news of arrest, and Turkey banned short sales and casual ransoms on Sunday, trying to strengthen the stock.
“Protests note the most significant and common reaction of the public over the ten years, which makes it difficult to predict the trajectory of events,” Wolfan Picks wrote on Monday.
“It is obvious that even at this early stage is that political uncertainty is far from over,” he said. “Once again, the political agenda of President Erdogan has caused serious damage to Turkey’s economic worldview.”
Imomoglu was arrested by the strongest political competitor to Turkish President Recep Tayyip Erdogan a few days before he was supposed to be nominated by the presidential candidate. He and his supporters dismiss the allegations, saying they are politically motivated.
Meanwhile, the wider repression of Erdogan in the activity of the opposition is increased. Since the detention of Imomoglu, Turkey has imposed restrictions on Istanbul travel to stop protests, closure of bridges and throttle online, and Turkish state media have not recognized protests in their coverage.
Horde Tunok, an independent economist and a consultant based in Istanbul, said CNBC that the country is approaching the return point.
“Turkey is on the verge of becoming a dictatorship. The reaction of the people to what is happening since March 18 will determine the fate of the country’s future,” Tunka said. “No leader, democratic or not, cannot muggle the will sooner or later.”
According to Reuters, Erdogan, for his part, broke the participants of the rally, saying that his government did not “give up” “vandalism” or “street terror” ahead of more planned demonstrations.
