"As of 16:24 (Moscow time), the system of suspension of trading after the fall of the markets by a certain amount, connected with the main index of the Istanbul Stock Exchange, was triggered," RIA Novosti reported.
As noted, all transactions on the market of all shares of the Istanbul Stock Exchange have been temporarily suspended.
Earlier, Turkish President Recep Tayyip Erdogan announced an increase in the minimum wage in Turkey in 2022 to 4250 lira from 2825. This happened against the backdrop of a record fall in the lira.
On December 16, the Central Bank of Turkey lowered the discount rate from 15% to 14%.
After that, the lira fell to 15.6 per dollar, which became a new anti-record.
The international rating agency Fitch has downgraded the long-term foreign currency issuer default rating of Turkey from “stable” to “negative” at “BB-”.