19.03.2025 12:01
Following the detention of Istanbul Metropolitan Municipality Mayor Ekrem İmamoğlu, there was a sharp fluctuation in exchange rates, with the dollar and euro reaching new historical peaks. In an assessment regarding the turmoil in the markets, Treasury and Finance Minister Mehmet Şimşek stated, "Everything necessary for a healthy functioning is being done. The economic program we are implementing continues with determination."
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As part of two separate investigations conducted by the Istanbul Chief Public Prosecutor's Office regarding terrorism and organized crimes against the Istanbul Metropolitan Municipality (IMM), 84 people, including IMM President Ekrem İmamoğlu, were detained.
DOLLAR AND CURRENCY SOARED
The detention decision for İmamoğlu created a seismic effect in the markets and brought another significant record in exchange rates. Gram gold started the day at 3,587 lira. The dollar/TL exchange rate traded at 40.58 lira, renewing its historical peak.
EURO REACHED 44 LIRA
Additionally, it is observed that the Euro/TL is also experiencing a rapid increase. Euro/TL accelerated its rise, reaching up to 44 lira.
ANOTHER RECORD CAME FROM GOLD
Gram gold started the day at 3,580 lira. During the day, the lowest level seen was 3,572 lira, while the highest level reached was 4,068 lira. Currently, it is finding buyers at 3,792 lira.
FIRST COMMENT FROM MINISTER ŞİMŞEK
Following the seismic events in the markets, the Minister of Treasury and Finance, Mehmet Şimşek, provided an assessment on the matter. In a statement from his X account, Minister Şimşek said, "Everything necessary for the healthy functioning of the markets is being done. The economic program we are implementing continues with determination."
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