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Showing posts with label Currency drop. Lira. Show all posts
Showing posts with label Currency drop. Lira. Show all posts

May 7, 2019

Turkey - Democracy at stake: Turkey orders Istanbul re-vote, posing questions for democracy

Turkey will hold fresh elections for the mayor of Istanbul after the ruling party of president Recep Tayyip Erdogan said the first vote, in which an opposition MP beat Erdogan's candidate, contained errors.

Markets saw it as further confirmation of the country's slide into one-man rule, with the lira dropping against the US dollar. The decision could "severely damage" Turkish voters' "trust", the Council of Europe in Strasbourg said.
 
Read more at: Turkey orders Istanbul re-vote, posing questions for democracy