Turkish lyre, on the stock market after the mayor Istanbul and Erdogan’s competitor arrested

Turkish Lira They fell to a record low to the dollar, and the country’s stock index in the country decreased by 7% after the unexpected arrest of the Istanbul Mayor Imomoglu, Turkish President Recep Tayyip Erdogan’s opposition and the leading figure of the opposition party – on the charges he denies.

According to Refinitiv, the lyre traded up to 40.96 to the US dollar before moving to 38.74 to 12:47 pm in Istanbul, and a green launch by 5.53% for a long -excited Turkish currency. A You are 100 floor index Earlier in the morning, there were losses after decreased by 7%.

Imomoglu who won on the Merce of the inhabited city of Turkey In April 2023, he was arrested on charges, including terrorism and organized crime, reports state -owned mass media, which referred to the Istanbul Main Prosecutor. The news agency reports that the prosecutor’s office also issued orders for 100 other people.

The popular 53-year-old mayor was considered as the next candidate for the opposition party in the Turkish president. The Republican People’s Party Imomoglu (CHP), the main opposition party of Turkey, was to hold the primary elections on March 23, during which Imomoglu is supposed to appear as a presidential candidate.

In a statement, the CHP, on the contrary, dismissed the allegations of Imomoglu, calling the coup.

“Decision decision on behalf of people using the power to replace people or interfere with this coup,” said CPP Chairman Ozgur Ozel, in a message transferred to Google on the X Social Media platform.

“Currently, there is a force to prevent the nation to determine the next president. We are facing a coup against our next president.”

CNBC contacted the Turkish presidency for comments.