Currency rates continue to rise following CHP's 'absolute nullity' ruling

Following the 'absolute nullity' ruling on the CHP's 38th Regular Convention, Turkish financial markets saw currency rates continuing their upward trajectory. According to Cumhuriyet, despite markets remaining closed for 9 days due to Eid al-Adha, the surge in dollar and euro exchange rates persisted.

This situation, combined with political uncertainty, has created anxiety among investors. Currency movements occurring before entering an extended holiday period pose a risk factor for investors holding open positions.

While the absolute nullity ruling has brought both legal and political debates in Turkey, the effect of this development on markets will be evaluated more clearly after the holiday. Stock exchanges and banks will remain closed throughout Eid al-Adha.