Scenes of policemen in riot gear trying to quell protests arrived from Istanbul, as more people took to the streets of Turkey, shocked by the reader’s record fall.
Officers wearing helmets and shields are seen cordoning off the streets of Istanbul, as lighter-clad police infiltrated the crowds and forcibly removed protesters, in footage from video agency Ruptly of RT.
There was a massive police presence as people flooded the streets of the Turkish city on Wednesday, denouncing the government’s handling of the financial crisis. While many participated in the protests, thousands more lined up at gas stations due to rapidly rising fuel prices. Many others bought US dollars in panic. Others have invested money in electronics, while some companies have halted sales in the country amid soaring inflation.
READ MORE: Apple suspends sales in Turkey
The turmoil resulted from the Turkish lira falling to record levels, losing up to 45% of its value this year – about half of which occurred this week. On Tuesday alone, it lost 15% against the US dollar, but recovered as much as 7% on Wednesday. President Recep Tayyip Erdogan defended rate cuts – part of his government’s “”economic war of independence. “
Do you like this story? Share it with a friend!