Turkey's lira fell to its weakest level in five weeks against the dollar on Wednesday after protests broke out across the country, unnerving investors amid weakness in global markets.
(Read more: Global stocks slide as Crimea referendum looms)
Protesters clashed with police in a number of Turkish cities late on Tuesday after the death of a 15-year-old boy who was hit in the head by a tear-gas canister during anti-government demonstrations last summer.
The prospect of renewed protests in Turkey has unsettled investors in the run-up to local elections on March 30, while economic uncertainty in China and the United States and political tensions in Ukraine have also dampened the mood.
(Read more: Ukraine worries? This economy is at risk too)