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Central Bank of the Republic of Turkey

Türkiye Cumhuriyet Merkez Bankası

Key Information

Name
Central Bank of the Republic of Turkey
Headquarters
Ankara
Reserves
US$163 billion (July 2024)
Bank Rate
50% (July 2024)

Geographic Coverage

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Central Bank of the Republic of Turkey

The Central Bank of the Republic of Türkiye is the core monetary institution in Turkey, responsible for issuing the Turkish lira, managing foreign reserves, and steering monetary policy to secure economic stability. It plays an essential role in controlling inflation, regulating liquidity, and supervising commercial banks across the nation. Over recent years, the bank has implemented significant digital transformation initiatives, including upgrading its payment infrastructures and reinforcing cybersecurity measures, to protect critical financial operations. The institution emphasizes transparency through the publication of comprehensive economic analyses, policy statements, and regular performance reviews. By collaborating with international and European financial organizations, it aligns its regulatory practices with global best standards, thereby bolstering investor confidence. Additionally, the bank actively promotes financial inclusion through initiatives that extend modern banking services to diverse segments of the population, fostering broader socio‑economic development. Through a balanced blend of traditional monetary policy tools and innovative digital strategies, the Central Bank of the Republic of Türkiye continues to play a pivotal role in driving sustainable growth and ensuring the long‑term resilience of the Turkish economy.

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