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Turks Protest TRY Weakness - Calling on the AKP to Resign; Opposition Slams Erdogan Policy

TURKEY

LOCAL NEWS

  • Turks protest in Istanbul and Ankara's eastern neighbourhoods, calling for the AKP to resign after the lira depreciated almost 15% yesterday. Police arrested a number of protesters, but social concern over the economic trajectory is increasing rapidly
  • Opposition chorus grows in response to falling lira, calling for action against Erdogan and saying that the current situation amounts to treason. Future Party & CHP leaders met yesterday to discuss the situation, calling on the MHP to open the door to an early election in Turkey – which have been strongly dismissed by the ruling alliance so far.
    • Deva party also condemned Erdogan's actions saying the population is becoming impoverished by his actions. IYI party says the presidential system has brought the country to a point of bankruptcy. HDP is set to hold a meeting on the matter today
  • Apple temporarily suspends sales in Turkey after lira crash, without giving any statement
  • Health Min says no lockdowns planned in Turkey with cases holding around 25,000/day and rising steadily. Calls on citizens to get vaccinated

Data:

  • 0700GMT: Nov Capacity utilisation, 78% prior
  • 0700GMT: Nov Real Sector confidence SA, 111.3 prior
  • 0700GMT Nov Real Sector Confidence NSA, 109.6 prior
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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