Apr 01 2019percent stronger against the dollar as of 3. in Istanbul after earlier dropping more than 2 percent. Early results showed the opposition winning the capital Ankara and taking control of Mediterranean coastal cities from Erdogan's alliance. Erdogan's comments on the reform process and free market principles were market friendly, said Inan Demir, an economist at Nomura International Plc in London. said the drawdown was unsustainable and recommended investors sell the lira. The results of the local elections are more than a piece of cake for Turkish President and AKP Chairman Tayyip Erdogan. The dominance of the ruling party is thus limited only to the conservative Central Anatolia.