The Turkish lira just crashed following reports of an “uprising in the military.”
The currency is down by 5.2% at 3.0200 per dollar as of 4:36 p.m. ET.
Reports say that Turkey’s military has staged a coup, closing two major bridges that lead into Istanbul and establishing a major presence on the streets of Istanbul and Ankara.
The military is telling people that a “curfew has been imposed” and to “go home.”
Prime Minister Yildirim told reporters that “This is an attempt” at an uprising.