{"id":123387,"date":"2025-03-19T10:41:52","date_gmt":"2025-03-19T10:41:52","guid":{"rendered":"https:\/\/npasyria.com\/en\/?p=123387"},"modified":"2025-03-19T10:41:54","modified_gmt":"2025-03-19T10:41:54","slug":"turkish-lira-hits-record-low-as-istanbul-mayor-arrested","status":"publish","type":"post","link":"https:\/\/npasyria.com\/en\/123387\/","title":{"rendered":"Turkish lira hits record low as Istanbul mayor arrested \u00a0"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>DAMASCUS, Syria (North Press) \u2013<\/strong> The Turkish lira fell on Wednesday to a record low against the U.S. dollar, surpassing the 40-lira threshold for the first time ever.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The lira depreciated by 9.9 percent, with the exchange rate reaching 40.3541 per dollar, marking an unprecedented decline in the currency\u2019s value.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In response to the market turmoil, trading was temporarily halted at the Istanbul Stock Exchange after its main index dropped by 6.87 percent.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The sharp decline comes amid heightened political tensions following the arrest of Istanbul Mayor Ekrem \u0130mamo\u011flu on charges related to leading a criminal network involved in corruption and bribery.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0130mamo\u011flu, who has served as Istanbul\u2019s mayor since 2019, is considered a potential candidate for Turkey\u2019s 2028 presidential elections.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Authorities in Istanbul have imposed a ban on protests and public gatherings until March 23, according to Turkish media citing official sources.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Meanwhile, internet users across Turkey have reported access issues, with restrictions affecting multiple social media platforms, including YouTube and TikTok.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>By Ahmad Othman<\/strong><\/h3>\n","protected":false},"excerpt":{"rendered":"<p>DAMASCUS, Syria (North Press) \u2013 The Turkish lira fell on Wednesday to a record low against the U.S. dollar, surpassing the 40-lira threshold for the first time ever. The lira depreciated by 9.9 percent, with the exchange rate reaching 40.3541 per dollar, marking an unprecedented decline in the currency\u2019s value. In response to the market [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":123388,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"pgc_sgb_lightbox_settings":"","footnotes":""},"categories":[39,8],"tags":[],"class_list":["post-123387","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-home","category-middle-east"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Turkish lira hits record low as Istanbul mayor arrested \u00a0<\/title>\n<meta name=\"description\" content=\"DAMASCUS, Syria (North Press) \u2013 The Turkish lira fell on Wednesday to a record low against the U.S. dollar, surpassing the 40-lira threshold for the first\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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