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The Turkish lira has plunged over 10% to record lows, and Turkish stock market index is down nearly 6%
The crash comes after the arrest of Istanbul Mayor, a major opposition figure and potential presidential contender. His detention follows the revocation of his university diploma, a move that could bar him from running against President Erdoğan
As you can see, markets don’t lie. Investors always flee when a country appears unstable, and autocratic regimes often face capital flight as trust erodes. When politics turns unpredictable, money moves elsewhere
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The crash comes after the arrest of Istanbul Mayor, a major opposition figure and potential presidential contender. His detention follows the revocation of his university diploma, a move that could bar him from running against President Erdoğan
As you can see, markets don’t lie. Investors always flee when a country appears unstable, and autocratic regimes often face capital flight as trust erodes. When politics turns unpredictable, money moves elsewhere
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
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