Turkey: 20 million voted Imoglou – Fears of market reaction

The mayor of the Metropolitan Municipality of Ankara, Mansour Yavas, after completing the intra -party vote in the Republican People’s Party (CHP), said that about 20 million people went to an electoral department to vote in favor of his emergence Imamoglou as a candidate for her presidency Turkey.

“I think about 20 million people went to an electoral department where they were not obliged to go and voted today. The time for early elections in Turkey is already over, “said Mansour Yavas, in the shadow of arrest and detention of Ekrem Imamoglu, who has caused a huge upheaval in the country.

He also said that “if these events had not happened today, there may not have been such a great deal. This means that When you do something illegal, the reaction is too long. With early elections, we hope that it will be an example for Turkey. Why Putting a tricycle on your opponent is not democratic».

At the same time, Constantinople is burning for another night, with serious incidents and police clashes with Imamoglou supporters.

Police officers use pepper spray on a demonstrator wearing dervish clothes, during a protest on the day Istanbul Mayor Ekrem Imamoglu was jailed as part of a corruption investigation, in Istanbul, Turkey, March 23, 2025. REUTERSPolice officers use pepper spray on a demonstrator wearing dervish clothes, during a protest on the day Istanbul Mayor Ekrem Imamoglu was jailed as part of a corruption investigation, in Istanbul, Turkey, March 23, 2025. REUTERS
Reuters / Urit Bektas
Demonstrations in IstanbulDemonstrations in Istanbul
Reuters / Murad Sezer

Police officers use pepper spray on demonstrators during a protest on the day Istanbul Mayor Ekrem Imamoglu was jailed as part of a corruption investigation, in Istanbul, Turkey, March 23, 2025. REUTERSPolice officers use pepper spray on demonstrators during a protest on the day Istanbul Mayor Ekrem Imamoglu was jailed as part of a corruption investigation, in Istanbul, Turkey, March 23, 2025. REUTERS

Meeting under Central Bank amid concerns due to political crisis

The Bureau of the Central Bank of Turkey and bank representatives who are members of the Board of Directors of the Turkish Banking Union met to evaluate the latest market developments, in the shadow of turmoil caused by the political crisis, due to the arrest of Mayor Constantinople.

Economic circles are concerned about how they will react tomorrow, Monday (24/3/25) when the markets are opened.

The announcement issued by the Turkish Banks’ Association states: “The meeting, scheduled for March 21, was chaired by the Central Bank. At the technical meeting, it was noted that with the close cooperation of all competent institutions, all available tools would continue to be used effectively and decisively in the context of market rules to maintain stability. “

Following the arrest of Mayor of Constantinople, Ekrem Imamoglou, caused turmoil in Turkish marketswith the Stock Exchange frequently interrupting the meeting and the Turkish pound’s exchange rate against the euro and the dollar dipping and losing the first day up to 8%, which caused the Central Bank to intervene.

The Central Bank intervened in the market by channel $ 12 billion on the first day of the high exchange rate. According to the calculations, the increase in exchange rate was prevented by selling an additional $ 14 billion on Thursday and Friday. Thus, total sales in three days reached $ 26 billion.

The president of CHP calls on Turkish citizens to boycott the products advertised in pro -government media

The president of the Republican People’s Party (CHP) Ozgur Ozel has called on the supporters of the prisoner of the Istanbul mayor, Ekrem Imamoglu to boycott the products advertised in pro -government media.

Speaking to the crowded daily rally in front of the City Hall of Constantinople, Ozgur Ozel said: “I address all viewers who are currently on television, those who are here with President. […] It is clear from where party media are supplied. However, the central media receive fifty percent of their ads from us. They sell us the products, but they serve the palace. “

Ozgur Ozel then said he would announce the brands one by one in order for consumers to show their power. “You boycott those who ignore this square. Good days are over, my love. Or you will see us or see the bottom. “

Source link

Leave a Comment