Turkish police stop protest against rising cost of living

The Crypto Daily - Movers and Shakers - May 5, 2021

More than 30 people were detained, according to Associated Press journalists at the scene. The protest comes amid rising inflation that has severely eroded Turks’ purchasing power, high unemployment and a steep decline of the Turkish currency — the lira — that followed a series of interest rate cuts.

The protesters, mostly members of left-wing groups, were starting to gather in Istanbul’s Kadikoy district, located on the Asian side of the city, when police intervened. Demonstrators were chanting slogans calling for President Recep Tayyip Erdogan’s government to resign. Police used shields to break up the crowds and dragged some of the protesters away, provoking jeers from onlookers. There were similar protests in Ankara and other Turkish cities, the Birgun newspaper reported.

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