Erdogan’s victory increases the value of the Turkish lira and the stock exchange


The stock market and the Turkish lira increased, as investors believe that Recep Tayyip Erdogan’s victory in the presidential election will bring political stability to the country.

The lira strengthened this morning by 1.5 percent to 4.5920 lira per dollar versus 4.6625 lira per dollar at the end of Friday.

The changes that will bring the presidential system in Turkey, which citizens defined last year in the referendum refer to the legislation, the powers of the president, the judiciary, civilians, the military and the Constitutional Court.

The number of MPs from 550 will increase to 600, while with this system the post of prime minister dies.