Political free fall: Turkey faces protests, investor flight after opposition leader's arrest

Turkey’s embattled economy faces more turmoil as protests erupt over the controversial arrest of Istanbul mayor Ekrem Imamoglu, a key opponent of President Erdogan. Markets plummeted, prompting the central bank to sell a record amount of foreign currency to support the declining lira. Imamoglu’s arrest on terrorism and organized crime charges, along with warrants for 100 others, has sparked accusations of a “coup” by opposition leaders, leading to bans on protests and internet restrictions as demonstrators voice their dissent.

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