Turkish police have opened an investigation into 271 social media accounts, accusing them of sharing “manipulative content” about the historic collapse of the lira, it said in a statement Thursday.
Police accused those accounts criticizing the currency collapse of “inciting the public to hatred and hostility by manipulating fluctuations in foreign exchange rates”, sharing “disinformation” and “fraudulent” and “inviting people to take to the streets to commit acts of physical violence”.
Protests in several cities
It is noteworthy that demonstrations took place on Tuesday and Wednesday in several Turkish cities to protest against the historical collapse of the lira, and demanded the resignation of the government.
Citizens also criticized the ruling Justice and Development Party for its failed economic policies, chanting slogans “the resignation of the Justice and Development Party.”
To the lowest level
The currency fell back towards a record low on Tuesday, spurred by concerns about the economy after President Recep Tayyip Erdogan defended recent sharp interest rate cuts despite widespread criticism and calls for a pullback. The lira has lost 43% of its value this year, and more than 22% since the beginning of last week alone.
Although Erdogan has defended the central bank’s monetary policy and vowed to win the “economic war of independence”, there is widespread criticism from those calling for action to reverse the decline in the currency, including leading economists.