Turkish Finance Minister Mehmet Simsek and Central Bank Commander Fatih Karahan will hold a teleconference with international investors on Tuesday, the Treasury announced after the arrest of the Mayor of Constantinople.

Last Wednesday, police arrested Imamoglou, the main political opponent of President Tayyip Erdogan, while on Wednesday, a court imprisoned him in terms of corruption trial, triggering the biggest demonstrations in Turkey for over a decade.

The Ministry of Finance and the Central Bank have confirmed that communication with investors will take place at 13:00 GMT (3pm Greece) to “evaluate the latest developments in the Turkish economy”.

Imoglou’s imprisonment led to the pounds of the pounds, the shares and the bonds and sparked reactions from the opposition party, European leaders and hundreds of thousands of protesters, who condemned actions against him as politicians.