Voters in Istanbul will head back to the polls on Sunday to choose a mayor, after Turkey’s election authority scrapped the results of a March vote in which President Tayyip Erdogan’s ruling AK Party lost to the main opposition.
Since then, his profile has risen throughout the country and beyond as a possible chief antagonist to Erdogan, who only three months ago appeared to have an unassailable grip on power. His opponent, the AKP’s Binali Yildirim, 63, was a former Turkish prime minister and longtime transport minister under Erdogan, who led the Islamist-rooted AKP from 2016-2017, and was handpicked by the president for the mayoral race.
After a partial recovery, the currency has slid again since just before the March election and is down 11 percent against the dollar so far this year. The decision to annul the mayoral vote and schedule the June re-run prompted one of the sharpest selloffs. The weakness has also hit Turkish stocks and bonds.
For Imamoglu, a second and definitive win could be the start of a fresh political career which could see him present a challenge to Erdogan.In recent years there has been repeated media speculation that prominent AKP politicians might break away to establish a new political party. Some analysts say a defeat for the AK Party in the Istanbul rerun could speed up such preparations, although party officials deny there is any emerging split.
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