Turkey turmoil - short selling banned on Istanbul Stock Exchange ...Middle East

Decides to ease equity ratio requirement when making credit capital markets transactionsRemoves maximum limit for total amount to be used for share buybacks of listed companies

Meanwhile, at the Turkish central bank, The Central Bank of the Republic of Turkey, the governor said the bank pays attention that measures are market friendly

Turkish cenbank told a meeting with bank executives it will do whatever necessary within market rules, meeting participants sayTurkish cenbank seems determined to take every measure whenever necessary, participant says

Via Reuters report:

The central bank declined to comment on the meeting, which tool place hours after Istanbul Mayor Ekrem Imamoglu was jailed pending a trial on corruption charges. Turkish assets sold off sharply last week when he was detained.

Turkey is currently experiencing a period of economic and political turmoil marked by a deepening cost-of-living crisis, a weak lira, and persistently high inflation—officially above 60%—which has eroded household purchasing power.

Meanwhile, there are growing concerns about political freedom, judicial independence, and the centralisation of power under Erdoğan’s long rule. The combination of economic hardship and political tension has sparked discontent among many Turks, while international investors remain wary despite recent signs of policy correction.

This article was written by Eamonn Sheridan at www.forexlive.com.

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