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Suspension of trading on the Istanbul Stock Exchange due to a sharp drop in its main index

2021-03-22T08:49:48.584Z

Istanbul-Sana The Istanbul Stock Exchange suspended trading for a short period today, after its main index fell by more than 6 percent



Istanbul-Sana

The Istanbul Stock Exchange suspended trading for a short period today, after its main index fell by more than 6 percent in the wake of the dismissal of the central bank governor.

According to Agence France-Presse, trading was halted for 35 minutes before it resumed, due to the main index falling by 6.65 percent, and this was done under a mechanism that automatically suspends trading in the event of sharp fluctuations in stock prices.

Today, the Turkish lira fell by more than 17 percent against the dollar, after the decision to dismiss the governor.

Yesterday, Turkey appeared on the brink of a new wave of economic turmoil, after the President of the Turkish regime, Recep Tayyip Erdogan, dismissed the governor of the Central Bank, Naji Iqbal, from his post and replaced him as a former deputy from his Justice and Development Party.

The Turkish currency continues to deteriorate due to the deteriorating political and economic conditions in the country as a result of the Erdogan regime's policies and repressive measures that have led to a decline in tourism and investments and a decrease in the country's foreign exchange earnings.

Source: sena

All business articles on 2021-03-22

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