Economic Indicators

Bloomberg reporters in Turkey acquitted over 2018 currency crisis article

2022.04.29 13:52

Bloomberg reporters in Turkey acquitted over 2018 currency crisis article

ISTANBUL (Reuters) – A Turkish court on Friday acquitted 33 people, including two Bloomberg reporters and other journalists from local media, of spreading false information about the economy in an article and tweets at the height of a currency crisis in 2018.

The case followed a criminal complaint filed in August 2018 by the BDDK banking watchdog over an article by Bloomberg about the effects of a sharp decline in the lira and how authorities and banks were responding.

Fercan Yalinkilic and Kerim Karakaya were on trial over the article, while others defendants in the case, including journalists Sedef Kabas and Merdan Yanardag, as well as economist Mustafa Sonmez, were tried for their tweets about the economy.

Turkey’s lira plummeted in 2018 on concerns over President Tayyip Erdogan’s influence on monetary policy and deteriorating ties between Ankara and Washington. In August 2018, it fell to 7.24 against the dollar, its lowest at the time.

At the end of last year, another currency crisis sparked by a series of rate cuts requested by Erdogan saw the lira fall as low as 18.4 before rebounding. The currency crisis stoked inflation, which hit 61% in March.

The defendants had always denied the charges.

The court ruled on Friday that the defendants’ actions did not constitute a crime and acquitted 33 defendants.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 83,930.49 5.41%
ethereum
Ethereum (ETH) $ 2,327.69 6.79%
tether
Tether (USDT) $ 0.998824 0.04%
xrp
XRP (XRP) $ 2.19 5.93%
bnb
BNB (BNB) $ 610.54 2.12%
solana
Solana (SOL) $ 134.68 6.86%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.20253 4.25%
cardano
Cardano (ADA) $ 0.644815 5.68%
staked-ether
Lido Staked Ether (STETH) $ 2,325.72 6.95%
tron
TRON (TRX) $ 0.226975 1.87%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 83,796.45 5.46%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,781.71 7.39%
chainlink
Chainlink (LINK) $ 15.21 0.71%
litecoin
Litecoin (LTC) $ 126.41 10.00%
avalanche-2
Avalanche (AVAX) $ 21.78 0.85%
sui
Sui (SUI) $ 2.87 3.03%
stellar
Stellar (XLM) $ 0.28558 3.64%
the-open-network
Toncoin (TON) $ 3.49 1.84%
shiba-inu
Shiba Inu (SHIB) $ 0.000014 1.83%
leo-token
LEO Token (LEO) $ 9.05 1.18%
hedera-hashgraph
Hedera (HBAR) $ 0.195726 1.56%
usds
USDS (USDS) $ 0.999773 0.02%
polkadot
Polkadot (DOT) $ 4.74 2.45%
mantra-dao
MANTRA (OM) $ 7.07 8.51%
weth
WETH (WETH) $ 2,328.87 6.75%
hyperliquid
Hyperliquid (HYPE) $ 19.47 3.64%
ethena-usde
Ethena USDe (USDE) $ 0.999073 0.01%
bitcoin-cash
Bitcoin Cash (BCH) $ 294.05 0.73%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,467.95 6.95%
bitget-token
Bitget Token (BGB) $ 3.96 8.08%
uniswap
Uniswap (UNI) $ 7.86 5.60%
monero
Monero (XMR) $ 212.94 1.55%
whitebit
WhiteBIT Coin (WBT) $ 26.23 2.60%
near
NEAR Protocol (NEAR) $ 3.00 0.24%
pepe
Pepe (PEPE) $ 0.000008 0.35%
aptos
Aptos (APT) $ 5.86 3.98%
dai
Dai (DAI) $ 0.999786 0.00%
ondo-finance
Ondo (ONDO) $ 0.972884 3.36%
internet-computer
Internet Computer (ICP) $ 6.36 0.31%
aave
Aave (AAVE) $ 202.21 1.35%
bittensor
Bittensor (TAO) $ 352.63 7.96%
susds
sUSDS (SUSDS) $ 1.04 0.03%
ethereum-classic
Ethereum Classic (ETC) $ 18.73 0.95%
okb
OKB (OKB) $ 45.03 2.60%
gatechain-token
Gate (GT) $ 20.93 2.05%
official-trump
Official Trump (TRUMP) $ 13.19 0.51%
mantle
Mantle (MNT) $ 0.751424 6.33%
tokenize-xchange
Tokenize Xchange (TKX) $ 30.34 8.08%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 83,935.49 5.54%