On Friday, Turkish financial markets experienced volatility, with the lira trading at 43.6150 to the U.S. dollar as global equities continued to suffer losses. The lira’s decline followed a previous close at 43.5415, while the BIST 100 index fell 2.17% to 13,589.12 on Thursday.
In addition to financial developments, Turkish President Tayyip Erdogan is scheduled to attend a commemoration for the victims of the 2023 earthquake in the southern regions, demonstrating the nation’s ongoing reflection and recovery from recent tragedies.
Diplomatically, Turkey is aiming to play a stabilizing role in the Middle East as President Erdogan emphasized efforts to defuse U.S.-Iran tensions. Meanwhile, Foreign Minister Hakan Fidan is set to meet EU’s Commissioner for Enlargement, Marta Kos, in discussions likely to impact Turkey-EU relations.
(With inputs from agencies.)