Turks Abandon the Lira for Dollars as Currency Crisis Deepens

ISTANBUL—A forex disaster here is battering Turks’ confidence in their government’s capacity to manage the economy, resulting in droves of people today to acquire U.S. dollars and sending crowds of people today into the streets to oppose President Recep Tayyip Erdogan’s procedures.

Riot police lined the streets in components of Istanbul as the place braced for a third night time of scattered protests over Mr. Erdogan’s incapability to quit a precipitous drop in the Turkish lira. The lira’s depreciation has undermined nearly two decades of financial gains that experienced lent Turks a feeling that they had been ascending into the world’s club of leading economies.