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Economic Watch



Central Bank of the Republic of  Turkey has been founded to;

  •  set rediscount ratios and to regulate money markets,
  •  execute Treasury operations,
  •  take, jointly with the Government, all measures to protect the value of Turkish currency.

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

You may watch the economical overviews, financial reports and forecasts from the establishment’s  web site... http://www.tcmb.gov.tr/yeni/eng/