Turks abandoned their local currency savings for U.S. dollars and other foreign-currency deposits over concerns about the country’s faltering economy, propelling the Turkish lira to its worst slide in years
ISTANBUL—A currency crisis here is battering Turks’ confidence in their government’s ability to manage the economy, causing droves of people to buy U.S. dollars and sending crowds of people into the streets to oppose President Recep Tayyip Erdogan’s policies.
Riot police lined the streets in parts of Istanbul as the country braced for a third night of scattered protests over Mr. Erdogan’s inability to stop . The lira’s depreciation has undermined nearly two decades of economic gains that had lent Turks a sense that they were ascending into the world’s club of top economies.
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