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The Central Bank of the Republic of Turkey (CBRT) (Turkish: Türkiye Cumhuriyet Merkez Bankası or TCMB) is the central bank of Turkey and is founded as a joint stock company with the exclusive right to issue banknotes in Turkey. CBRT’s current powers and duties are defined by a specific law (CBRT law) accepted on January 14, 1970. Traditional Turkish coffee The culture of Turkey is a diverse one, derived from various elements of the Ottoman Empire, European, and the Islamic traditions. ... Turkey is a successor state of the Ottoman Empire, a multi-ethnic empire consolidated by gradual conquest during medieval and early modern times (1300-1700). ... Turkey is a secular, republican parliamentary democracy. ... January 14 is the 14th day of the year in the Gregorian calendar. ... 1970 (MCMLXX) was a common year starting on Thursday. ...

History

The Imperial Period

In the Ottoman Empire, the treasury operations, fund transactions and trade in gold and FX were executed by the Treasury, the Mint, private corporate or individual lenders, and jewelers. In 1847 the Ottoman Government allowed Galata Bankers to found the "Bank of Dersaadet", a bank in charge of the external payments of the Empire. Nine years later the "Ottoman Bank" was established jointly with French and English capital and in 1863 partly assumed the functions of contemporary central banking after becoming a state bank under the name of "Imperial Ottoman Bank". The capital consisted of 135,000 shares of which 80,000 were bought by the English partners, 50,000 by the French partners, and the remaining 5,000 were allocated to Ottomans. The Imperial Ottoman Bank, not only had the exclusive right to issue banknotes, but also acted as the Treasurer of the State (it collected state revenue, made the necessary public payments and even discounted T-Bills). Motto: دولت ابد مدت Devlet-i Ebed-müddet (The Eternal State) Anthem: Ottoman imperial anthem Borders in 1680, see: list of territories Capital Söğüt (1299-1326) Bursa (1326-1365) Edirne (1365-1453) Constantinople (Istanbul) (1453-1922) Language(s) Ottoman Turkish Government Monarchy Sultans  - 1281–1326 Osman I  - 1918–1922 Mehmed VI... FX may mean: effects, as in special effects, sound effects FedEx: IATA airline designator Foreign exchange, a banking term for changing money from one currency into another FX, a company based in Japan that manufactures high-quality bootleg anime DVDs FX, a hardware enthusiast variant of the AMD Athlon 64... 1847 was a common year starting on Friday (see link for calendar). ... Galata or Galatae is a district in Istanbul, the largest city of Turkey. ... Motto: (Royal) (French) God and my right Anthem: God Save the Queen  United Kingdom() – on the European continent() – in the European Union() [] Capital London Largest Most populous conurbation Greater London Urban Area Official languages English Government  -  Monarch Elizabeth II  -  Prime Minister Tony Blair Formation  -  24 March 1603   -  Acts of Union... 1863 (MDCCCLXIII) is a common year starting on Thursday of the Gregorian calendar (or a common year starting on Saturday of the Julian calendar). ... Treasury securities are government bonds issued by the United States Department of the Treasury through the Bureau of the Public Debt. ...

The Republican Period

Ottoman Bank’s privileged status had been extended by the Republican government until 1935. Meanwhile preparations to establish a central bank had also started. The Bank opened officially on January 1, 1932 equipped with a right to issue banknotes for a period of 30 years. This privilege was extended indefinitely in 1994. With the introduction of economic development plans in Turkey in 1960s, several changes were made in the Central Bank Law. For this reason, a new Central Bank Law that was enacted in 1970, redefined the duties and responsibilities of CBRT so as to implement the money and credit policy within the framework of development plans. In the second half of 1980s, CBRT opened interbank money market, FX money market and started to perform open market operations. The Republic of Turkey is a country located in Southwest Asia with a small part of its territory (3%) in southeastern Europe. ... 1935 (MCMXXXV) was a common year starting on Tuesday (link will take you to calendar). ... January 1 is the first day of the calendar year in both the Julian and Gregorian calendars. ... Year 1932 (MCMXXXII) was a leap year starting on Friday (the link will take you to a full 1932 calendar). ... 1994 (MCMXCIV) was a common year starting on Saturday of the Gregorian calendar, and was designated as the International Year of the Family and the International Year of the Sport and the Olympic Ideal by United Nations. ... 1960 (MCMLX) was a leap year starting on Friday (the link is to a full 1960 calendar). ... 1970 (MCMLXX) was a common year starting on Thursday. ... 1980 (MCMLXXX) was a leap year starting on Tuesday. ...

Duties and Powers

"The primary objective of the Bank shall be to achieve and maintain price stability. The Bank shall determine on its own discretion the monetary policy that it shall implement and the monetary policy instruments that it is going to use in order to achieve and maintain price stability.”

Fundamental duties of the Bank are as follows:

• to carry out open market operations
• to protect the value of Turkish Lira and to establish the exchange rate policy
• to determine the reserve requirements and liquidity requirement
• to manage the gold and FX reserves of the country
• to regulate the volume and circulation of Turkish Lira
• to ensure stability in the financial system and monitor the financial markets

Fundamental powers of the Bank shall be:

• The exclusive right to issue banknotes in Turkey
• The right to determine of the inflation target together and implementation of monetary policy
• The privilege to grant advance to the Savings Deposits Insurance Fund
• The role of the lender of last resort
• The power to request necessary information from financial institutions

Board of directors

The Board of Directors is composed of the Governor, who is the chairman of the Board, and six members elected by the general assembly.

Governor
Durmuş Yılmaz DurmuÅŸ Yılmaz is a Turkish economist and currently Governor of the Central Bank of the Turkish Republic. ...

• See also List of Governors of the Central Bank of Turkey

Board Members
M.Vehbi Çıtak, Dr. Lokman Gündüz, Prof. Dr. M. İlker Parasız, Necati Şahin, Dr. M. İbrahim Turhan The following is a List of Governors of the Central Bank of Turkey. ...

Representative Offices

New York
Phone: 1 212/682 8717 Fax: 1 212/867 1958

London
Phone: 44 20/7379 0548 Fax: 44 20/7379 5024

Frankfurt
Phone: 49 69/298 010 Fax: 49 69/298 801 200

Tokyo
Phone: 81 3/5293 8765 Fax: 81 3/5293 8766

Berlin
Phone: 49 30/261 1193 Fax: 49 30/265 1596

See also

This is a list of Turkey-related articles. ... This is a list of notable Turkish people, both historic and contemporary, either by occupation or achievement. ... This article is about the various peoples speaking one of the Turkic languages. ... Languages Turkish Religions Muslim or nominally Muslim, predominantly Sunni Islam, followed by Alevis. ... The People of Turkey covers the changes to Turkish people during the 20th century. ... Mustafa Kemal Atatürk Mustafa Kemal Atatürk (1881–November 10, 1938), Turkish army officer, revolutionary, and anti-imperialist statesman, was the founder and first President of the Republic of Turkey. ... Generals Mustafa Kemal and Ä°smet Ä°nönü before the Battle of Dumlupınar, August 1922 Ä°nönüs tomb Mustafa Ä°smet Ä°nönü (September 24, 1884–December 25, 1973) was a Turkish soldier, statesman and the second President of Turkey. ... Mustafa Bülent Ecevit (May 28, 1925–November 5, 2006; pronounced ), was a Turkish politician, poet, writer and journalist. ... Turkey is a successor state of the Ottoman Empire, a multi-ethnic empire consolidated by gradual conquest during medieval and early modern times (1300-1700). ... This article or section does not cite its references or sources. ... Anatolian beyliks (also Turkmen beyliks, Tevâif-i mülûk (in Ottoman Turkish) were small Turkish emirates or muslim principalities (beylik) governed by tribal beys, which were founded in several locations of Anatolia as of the end of the 13th century. ... Motto: دولت ابد مدت Devlet-i Ebed-müddet (The Eternal State) Anthem: Ottoman imperial anthem Borders in 1680, see: list of territories Capital Söğüt (1299-1326) Bursa (1326-1365) Edirne (1365-1453) Constantinople (Istanbul) (1453-1922) Language(s) Ottoman Turkish Government Monarchy Sultans  - 1281–1326 Osman I  - 1918–1922 Mehmed VI... In the late 13th century the Seljuq empire had collapsed and Anatolia was divided into many small states. ... This article is in need of attention. ... The Battle of Vienna of 1683 was the real point at which the Empire began its decline. ... Graphical timeline Decline of the Ottoman Empire covers the military and political events between 1828 to 1908. ... // Balkan Wars The Ottoman army in the balkans was large and appeared on the surface to be modern. ... History of Turkey redirects here. ... This article or section does not adequately cite its references or sources. ... Atatürk, modern Turkeys founder and first President The history of modern Turkey begins with the foundation of the republic on October 29, 1923 (the Republic was declared on January 20, 1921), with Mustafa Kemal (Atatürk) as its first president. ... This page summarizes the history after the Multi-party period. ... This article details the military of the Ottoman Empire. ... // Over the centuries, Turkey has had many constitutions and can be caracterized by the steady establishment of a nation-state, democratization and internationalisation. ... At the time of the collapse of the Ottoman Empire (see Economy of the Ottoman Empire) during World War I, the Turkish economy was underdeveloped: agriculture depended on outmoded techniques and poor-quality livestock, and the few factories producing basic products such as sugar and flour were under foreign control. ... A graphical timeline is available here: History of the Republic of Turkey // The wearing of the turban and the fez, a traditional Ottoman hat, is outlawed. ... Turkey is a secular, republican parliamentary democracy. ... There have been ten Presidents of the Republic of Turkey since its inception. ... This is a chronological list of every government formed by the Prime Ministers of the Republic of Turkey. ... The Grand National Assembly (Türkiye Büyük Millet Meclisi in Turkish) is the unicameral parliament of Turkey which carries out legislative functions. ... Political parties in Turkey lists political parties in Turkey. ... Elections in Turkey gives information on election and election results in Turkey. ... Because of geopolitical reasons, foreign relations of the Republic of Turkey are primarily with the Western world and its neighboring countries. ... // Since the establishment of the republic in 1923, there has been a strong tradition of secularism in Turkey. ... // Overview Part Four, Section Two of the Turkish Constitution has established the Constitutional Court of Turkey that statutes on the conformity of laws and decrees to the Constitution, and it can be seized by the President of the Republic, the government, the members of Parliament or any judge before whom... Please wikify (format) this article or section as suggested in the Guide to layout and the Manual of Style. ... — Other Turkish Topics Culture - Education Geography - History - Politics Turkey Portal Tourism in Turkey is focused largely on a variety of archaeological and historical sites, and on seaside resorts along its Aegean and Mediterranean coasts. ... This article or section does not cite its references or sources. ... Below each region you will find associated Cities with the region. ... Provinces of Turkey are called iller in Turkish (singular is il, see Turkish alphabet for capitalization of i). ... The provinces of Turkey are divided into 923 districts (ilçeler; sing. ... This is a list of cities in Turkey by population (according to the 2000 census). ... Combination of nature and history in Kekova bay near Antalya View of KuÅŸadası from bird island. ... Other Turkish Topics Culture - Education Geography - History - Politics Turkey Portal This is a list of companies from Turkey. ... // Bayındırbank A.Åž. Albaraka Turk Arap Türk Bankası A.Åž. BankEuropa Bankası A.Åž. Kuveyt Türk Bankası A.Åž. Citibank A.Åž. Deutsche Bank A.Åž. Fortis Bank A.Åž. HSBC Bank A.Åž. ABN AMRO Bank N.V. Banca di Roma S.P.A. Bank Mellat Habib Bank Limited J P Morgan Chase... On 31 December 1995 the customs union between Turkey and the European Union came into effect. ... Other Turkish Topics Culture - Education Geography - History - Politics Turkey Portal The Southeastern Anatolia Project (Turkish: GüneydoÄŸu Anadolu Projesi, GAP) is a multi-sector integrated regional development project based on the concept of sustainable development for the 9 million people [1] living in a region. ... TRY banknotes and coins The Turkish new lira is the current currency of Turkey and of the de facto state Turkish Republic of Northern Cyprus. ... As of 2005, the population of Turkey stood at 72. ... Turkish () is a Turkic language, spoken mainly in Turkey, with smaller communities of speakers in Bulgaria,[3] the Republic of Macedonia,[4] Uzbekistan,[5] Cyprus,[6] Greece,[7] as well as by several million emigrants in Western Europe. ... This article or section does not cite its references or sources. ... Turkey is a signatory to the European Convention on Human Rights and the Turkish Constitution guarantees basic human rights to all Turkish citizens. ... Traditional Turkish coffee The culture of Turkey is a diverse one, derived from various elements of the Ottoman Empire, European, and the Islamic traditions. ... This article or section is in need of attention from an expert on the subject. ... Turkish art is a term referring to the visual arts and plastic arts (often including architecture, woodwork, textiles and ceramics) originating from the geographical area of what is present day Turkey. ... Turkish cuisine inherited its Ottoman heritage which could be described as a fusion and refinement of Turkic, Arabic, Greek and Persian cuisines. ... Turkish dances include Halay, Zeybek, Horon, and Karsilama. ... More than 100 festivals are held in Turkey every year. ... Ahi Evren Ahriyan Al Basti Alaturbi Ancomah Bardi Cazi Germakoçi Karakoncolos Karakura Kolot Tavara // Breaking vine In Trabzon region folklore (ÇarşıbaÅŸi town) For testing whether the new bride is propitious, when she comes to the house, she is asked to break a vine from three points and... The official holidays in Turkey are established by the Act 2429 of March 19, 1981 that replaced the Act 2739 of May 27, 1935. ... A page from the Dîvân-ı Fuzûlî, the collected poems of the 16th-century Ottoman poet Fuzûlî Turkish literature is the collection of written and oral texts composed in the Turkish language, either in its Ottoman form or in less exclusively literary forms, such as that spoken... History (Timeline and Samples) Genres: Alternative - Classical - Dance - Folk - Hip hop - Jazz - Military - Ottoman - Opera - Pop - Religious - Rock Music awards Kral - MÃœ-YAP - MGD Charts Powerturk 40 - Kral 20 Annual festivals Istanbul International Music Festival - Istanbul International Jazz Festival - Ankara IMF - Izmir European Jazz Festival - Aspendos International Opera and Ballet... Turkish theatre can be observed under two main titles: Traditional Turkish theatre and Westernized Turkish theatre. ... This is a list of radio stations in Turkey. ... The Coat of Arms of Turkey is a red oval containing a vertically-oriented crescent and star from the Turkish flag surrouned by the official name of the country in Turkish. ... Flag ratio: 2:3 The flag of Turkey consists of a white crescent moon and a star on a red background. ... The Ä°stiklâl Marşı (i. ...

External link

• (Turkish) (English) Central Bank of the Republic of Turkey

	Governors of the Central Bank of Turkey
	General Directors (1931-1970)
	Çam | Sunel | Bekter | Gover | Gidel | Aytur | Mostar | Kayla | Talu The following is a List of Governors of the Central Bank of Turkey. ... Image File history File links Flag_of_Turkey. ... Mehmet Naim Talu (1919-1998) was a Turkish economist, banker, politician and former Prime Minister of Turkey. ...
	Governors (1970-present)
	Talu | Güpgüpoğlu | Sadıklar | Aydınoğlu | Şıklar | Canevi | Saracoğlu | Gültekin | Törüner | Erçel | Serdengeçti | Yılmaz