To the suprise of nobody the state of emergency, which grants Erdoğan sweeping powers, has been extended another three months. As to be expected, the lira dropped in value against the dollar to about 3.02 TL. The 3 lira threshhold is equated with having a bad economy in the minds of many Turks.
Here is a link to the WSJ. (Hopefully, it won't be behind a pay wall.)
http://www.wsj.com/articles/turkey-extends-state-of-emergency-1475507092
I am not betting on the state of emergency ending any time soon. A megalomaniac like Erdoğan will find it hard to give it up now that he's had a taste of this kind of power. His hardcore followers don't care about the economics because many of them have been working hard to get by their whole lives anyway. A weak lira means nothing to them.
His purge has left the foreign headlines, but it hasn't stopped. Judges and police officers are still being cleared out. All of those teachers remain sacked