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Turkish deputies, party members, members of different political parties, members of non-governmental organizations, Istanbul Metropolitan Municipality (IBB) Mayor Murat Calik and Sisli Mayor Resul Emrah Sahan, in the Chp General Center in the Chp General Center on March 19, 2025.
Evrim Clear | Anatolia | Getty pictures
The Turkish embratled economy has been determined to endure more turbulent and investor flight as protests from high-controversial arrests by President Recep Tayyip Erdogan.
In response to the arrest of Istanbul Mayor Akram Imamoglu, Erdogan’s leading opponent, the party was expected to be candidate for the presidency.
Turkish markets, after the news of the Imanoglu’s arrest, sank the most in the world, the most in the world, the lira hit a record against the dollar. This was reported that the Central Bank of Turkey has been sold in a record amount of foreign exchange – $ 10 billion for bankers calculations Shown by Reuters – Prepare a beleaguered currency that is 15% less than in the last year and is 83% less than in the last five years.
Imamoglu, who He won the mayor of the most populous city of Turkey In April 2024, terrorism and organized crime and supporters were arrested on charges, including crimes rejected. Prosecutors also guaranteed 100 other people, including members of the Republican People’s Party of Journalists, businessmen and IMAMOGLU, and Turkey’s major opposition group (CHP). CHP leaders call the arrest “coup”.
Istanbul Governor’s Office protests and subway and road closure, social media and the Internet in the country were severely restricted. In response, protesters gathered in city barricades and university campuses to express their anger.
Topshot – Istanbul’s new elected mayor Akram Imamoglu, Supporters of the Republican People’s Party (CHP), the municipal building in the municipal elections after the municipal elections, Turkey’s best opposition leader Recep Tayyip Erdogan and his ruling party, he said.
Yasin Akdguuldu | AFP | Well likes
CNBC has contacted the Turkish Interior Ministry for comment. Government officials deny that the arrests are politically motivated and insisted on the independent operation of the courts.
In a Google translated article on Thursday, Turkey’s Interior Minister Ali Yerlikaya has detained 37 people in the classification of the officials and “trying to commit a crime” and “committed crime” and “criminal offense” as part of the classification of the surprise initiative fell.
The 53-year-old mayor of the 53-year-old mayor, who won the position of 2024 through a slip, Erdogan was seen as the most serious opponent for the Turkish presidency. CHP, Imanoglu on March 23, a preliminary election was expected to expand as the group’s presidential candidate during this period.
Critics of the arrests say that Erdogan’s government is still the most obvious violation of democracy.
“Turkey has already been rejected, but this is political freedom,” Independent economist and consultant in Istanbul told CNBC. “Today, Turkey is a history and a new measure in the defamation of Turkey.”
Risk for markets and investment flows
Concern and economic security on stability and economic security in Turkey, the investor’s confidence in the country and the nation’s monetary politicians warned economists after trying to burn Turkey’s inflation.
“Although continuously, it will be a legal rule, and it is likely to damage foreign direct investment flows – Timothey Ash,” Timothey Ash, wrote on Wednesday, when the AKP management could produce a compelling work against Imamoglu.
Turkish President Tayyip Erdogan, United Nations Climate Change Conference (COP28), United Arab Emirates, December 1, 2023, 2023, 2023
Tayer al-Sudani | Reuters
Inflation in Turkey remains high – the latest, 39.05% in February, and the main sticking point planned to work in the campaign against the CHP’s Erdogan. The sale of investors in the sale of the pound can lead to deeper inflation, and the Turkish Central Bank can force the Turkish Central Bank to increase interest rates in 42.5%.
“The investment investor will destroy the trust and lira, and this will return inflation,” Analyst in CNBC control risks and George Dyson, Turkey Specialist George Dyson. Still, Dyson and other analysts, leaving the economic pro-orposition ratios, do not predict the central bank. On the contrary, they, while the bank’s laser focus is fighting inflation, if the weakness of the lira worsens, if the weakness is worse, there may be a new ratio.
Turkey ‘feels’ as geopolitical’
The next Turkish presidential election will take place in 2028, but according to the latest opinion inquiries of the parliament, IMAMOGLA is expected to vote early when preferred.
“The surveys presented to Erdogan, with full control of imamoglu, the advantages of distrust and the media – defeat it – Soner Cagaptay, the Soner Cagaptay, wrote to a post on a voting.
“Why Erdogan preferred the nuclear choice to Imamoglu.”
Recent geopolitical developments have strengthened Erdogan’s hand when we look at the international results. US President Donald Trump’s return to the White House, leaders in other countries, leaders, some political scientists argue.
“Why so far as to date, an explanation is so far, the Turkish government is a reliable geopolitical geopolitical,” said Dyson. “The United States benefits from the moment the EU needs Ukraine and Syria in Turkey and the Turkish government with minimal international returns.”
