Maroc - FINANCIALMIRROR.COM - A La Une - 26/Mar 13:23

Turkey faces ultimate test, markets demand stability

With Turkish assets plunging and the lira collapsing 10% in just 30 minutes on Tuesday, investors have made one thing unmistakably clear: political drama will not be tolerated when confidence is already on a knife edge. Turkish markets have been under pressure since last Wednesday, when Istanbul Mayor Ekrem Imamoglu – viewed as President Recep Tayyip Erdogan’s biggest rival – was arrested. This prompted Turkey’s Finance Minister Mehmet Simsek and Central Bank Governor Fatih Karahan to hold a teleconference call with international investors. “Simsek’s emergency call with global investors is more than a briefing—it’s a last-ditch effort to salvage credibility,”