Turkish finance minister: Government taking action after stock exchange, lira fall

Turkish Minister of Finance and Treasury Mehmet Simsek stated against the backdrop of market decline and the fall of the national currency - the lira that the government is taking measures for the 'healthy functioning of markets,' Report informs via Turkish media.

"Everything necessary is being done for the healthy functioning of markets. We resolutely continue to implement the economic program," he noted.

The Istanbul Prosecutor General's Office announced the detention of the city's opposition mayor Ekrem Imamoglu in a case involving an organization engaged in corruption, bribery, and graft. In addition to him, more than 100 people are accused of corruption, bribery, and collaboration with terrorists.

After this news, the Istanbul Stock Exchange index fell by 6.87% at the opening, and the Turkish lira hit a historic low. Furthermore, access to several social networks - X, YouTube, TikTok, and Instagram - was restricted in Türkiye.

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