Economics
Turkey Opposition Slams Central Bank Over Turmoil Intervention
Recep Tayyip Erdogan has repeatedly blamed the opposition party for unleashing the volatility in recent days.
Photographer: Oliver Bunic/BloombergThis article is for subscribers only.
Turkey’s main opposition party accused the central bank of providing cover for the government in helping to manage the financial fallout from last week’s detention of the mayor of Istanbul.
The monetary authority approved the sale of an estimated $25 billion in foreign currency after Turkish authorities detained Ekrem Imamoglu, the main political rival of President Recep Tayyip Erdogan. That helped support the lira, which had plunged to a record low.