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What’s more, around 100,000 civil servants, military and police have also been sacked for allegedly having links with the exiled US cleric accused of masterminding the coup.
Itky share price trial#
No one has yet been convicted, but the trial of around 200 military officials accused of plotting and orchestrating the failed coup is now under way. Almost 12 months on more than 110,000 people have been arrested, but just 50,000 on specific charges, according to Turkey’s Ministry of Interior. Since then, a state of emergency has been in place within the country. Last July’s failed military coup – which resulted in the deaths of almost 250 people – against state institutions has been one of the biggest sources of mistrust among foreign investors in Turkey. Foreign investors have also shunned the market, which was once looked upon favourably due to its rapidly growing domestic demand for goods and services, as well as its geographical positioning straddling Europe and Asia.īut sentiment could be on the turn. Concerns about government stability, terrorist-related attacks and a rising US dollar following the election of Donald Trump sent the lira tumbling. iShares II plc MSCI Turkey (ITKY) Sell: 843.00p Buy: 847.50p. Measured by key economic terms, by the end of last year Turkey had plunged to its lowest point since the financial crisis. How has iShares MSCI Turkey ETFs stock price been impacted by COVID-19 (Coronavirus).
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