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The Istanbul Stock Exchange indices fell 7% an hour before the close of Monday, coinciding with the continued decline of the lira against the dollar

By 17:20 Moscow time, the main Istanbul BIST100 stock index fell by 5.5% to 1969.43 points, and before that the index had recorded a decline of 7.11%.

The decline of the Istanbul Stock Exchange is accompanied by the decline of the Turkish currency, which amounted to 17.83 pounds to the dollar, and the currency has witnessed a sharp decline in the last period in light of the Turkish Central Bank cutting interest rates despite the high inflation.