The dollar was trading at 41 liras and the euro at 45 liras.

According to the exchange rates of the Turkish lira at 10:00 am on Wednesday 19-03-2025 rapidly and unexpectedly lost value.

The dollar rose to 41 pounds; The dollar was trading at 36 pounds on Tuesday.

The price of the euro has reached 45 pounds, compared to 40 pounds yesterday.

Meanwhile, the Istanbul Stock Exchange fell 6.7 percent, losing more than 700 points.

Turkish opposition media linked the depreciation of the lira to the arrest of Istanbul Mayor Akram Imamoglu.

Imamoglu was arrested at his home on Wednesday morning. Meanwhile, arrest warrants have been issued for about 100 others and operations continue.

Republican People\'s Party (CHP) leader Özgür Özel said the authorities want to prevent Akram Imamoglu in this way. Until he can run for the presidency of Turkey.

Turkish state media reported that Akram Imamoglu and 99 others have been arrested and prosecuted on charges of corruption and the use of public funds for self-enrichment.