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Türkiye Cumhuriyeti Merkez Bankası
The Central Bank of the Republic of Türkiye (CBRT) () is the central bank of Turkey. Its responsibilities include conducting monetary and exchange rate policy, managing international reserves of Turkey, as well as printing and issuing banknotes, and establishing, maintaining and regulating payment systems in the country. The CBRT is tasked by law to achieve and maintain price and financial stability in Turkey, and has a mandate to use, by its own discretion, whichever policy instrument at its disposal to reach these objectives. Therefore, it has instrument but not goal independence. Since 2006, the CBRT follows a full-fledged inflation targeting regime.Central Bank of the Republic of Turkey Factsheet , CBRT Official Website, 2012. History of central banking in Turkey |
Abdülhalik Renda
Mustafa Abdülhalik Renda (29 November 1881 – 1 October 1957) was a Turkish people, Turkish civil servant and politician of Tosks, Tosk Albanian descent who was acting President of Turkey for one day after Atatürk's death in November 1938. Biography Renda was born in Ioannina, Yanya, in the Janina Vilayet of the Ottoman Empire (modern Greece). Renda was of Albanians, Albanian origin.. "(Renda). Bureaucrat of Albanian descent." From 1902 to 1918, he served in several towns and cities of the Ottoman Empire as district governor and province governor. In 1918, he was exiled for six months to Malta. Following his return, he was appointed undersecretary in the Ministry of Economy and then in the Ministry of Interior. He became Governor of Konya, before he was appointed the first Governor of İzmir after the Turkish forces Great Smyrna Offensive, re-captured the city from withdrawing Greek troops. During Renda's tenure as İzmir governor, politician Rıza Nur accused him on grounds ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign Exchange Reserves
Foreign exchange reserves (also called forex reserves or FX reserves) are cash and other reserve assets such as gold and silver held by a central bank or other monetary authority that are primarily available to balance payments of the country, influence the foreign exchange rate of its currency, and to maintain confidence in financial markets. Reserves are held in one or more reserve currencies, nowadays mostly the United States dollar and to a lesser extent the euro. Foreign exchange reserves assets can comprise banknotes, bank deposits, and government securities of the reserve currency, such as bonds and treasury bills. Some countries hold a part of their reserves in gold, and special drawing rights are also considered reserve assets. Often, for convenience, the cash or securities are retained by the central bank of the reserve or other currency and the "holdings" of the foreign country are tagged or otherwise identified as belonging to the other country without them ac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gold
Gold is a chemical element; it has chemical symbol Au (from Latin ) and atomic number 79. In its pure form, it is a brightness, bright, slightly orange-yellow, dense, soft, malleable, and ductile metal. Chemically, gold is a transition metal, a group 11 element, and one of the noble metals. It is one of the least reactivity (chemistry), reactive chemical elements, being the second-lowest in the reactivity series. It is solid under standard temperature and pressure, standard conditions. Gold often occurs in free elemental (native state (metallurgy), native state), as gold nugget, nuggets or grains, in rock (geology), rocks, vein (geology), veins, and alluvial deposits. It occurs in a solid solution series with the native element silver (as in electrum), naturally alloyed with other metals like copper and palladium, and mineral inclusions such as within pyrite. Less commonly, it occurs in minerals as gold compounds, often with tellurium (gold tellurides). Gold is resistant to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fixed Exchange Rate System
A fixed exchange rate, often called a pegged exchange rate, is a type of exchange rate regime in which a currency's value is fixed or pegged by a monetary authority against the value of another currency, a basket of other currencies, or another measure of value, such as gold or silver. There are benefits and risks to using a fixed exchange rate system. A fixed exchange rate is typically used to stabilize the exchange rate of a currency by directly fixing its value in a predetermined ratio to a different, more stable, or more internationally prevalent currency (or currencies) to which the currency is pegged. In doing so, the exchange rate between the currency and its peg does not change based on market conditions, unlike in a floating (flexible) exchange regime. This makes trade and investments between the two currency areas easier and more predictable and is especially useful for small economies that borrow primarily in foreign currency and in which external trade forms a large ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Liberalization
Economic liberalization, or economic liberalisation, is the lessening of government regulations and restrictions in an economy in exchange for greater participation by private entities. In politics, the doctrine is associated with classical liberalism and neoliberalism. Liberalization in short is "the removal of controls" to encourage economic development. Many countries have pursued and followed the path of economic liberalization in the 1980s, 1990s and in the 21st century, with the stated goal of maintaining or increasing their competitiveness as business environments. Liberalization policies may or often include the partial or complete privatization of government institutions and state-owned assets, greater labour market flexibility, lower tax rates for businesses, less restrictions on both domestic and foreign capital, open markets, etc. In support of liberalization, former British prime minister Tony Blair wrote: "Success will go to those companies and countries which are ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Turkish Economy
The economy of Turkey is an emerging free-market economy. It ranked as the 16th-largest in the world and 7th-largest in Europe by nominal GDP in 2025. It also ranked as the 12th-largest in the world and 5th-largest in Europe by PPP in 2025. Turkey's rapid economic growth since the 2000s was stranded by the economic crisis in 2018, but it began to recover in 2021. Turkey's USD-based nominal GDP per capita and GDP-PPP per capita have eventually reached their all-time peak values in 2024. Turkey is a founding member of the OECD and G20. Ratified in 1995, the European Union–Turkey Customs Union has established a free trade area between Turkey and the European Union, which has increased bilateral foreign trade, investment and economic activity. As the fifth most visited destination in the world, Turkey has a large tourism industry, which accounted for 12% of the country's total GDP in 2023. First established in 2000, many technoparks were pioneered by Turkish universities, no ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Naim Talu
Mehmet Naim Talu (22 July 1919 – 15 May 1998) was a Turkish economist, banker, politician and former prime minister of Turkey. Biography Naim Talu was born in Istanbul in 1919. He was educated at Kabataş Erkek Lisesi. After graduating with a degree in economics from Istanbul University in 1943, he worked for a while in Sümerbank, a state owned textile company. He transferred to the Central Bank of Turkey in 1946. He became the general director of the bank in 1967 after serving one year as deputy. Following the reorganization of the Central Bank in 1970, he was appointed Governor of this institution. He died in Istanbul in 1998. Political career Naim Talu started his political career in 1971 by appointment to the ministry of trade in the second Erim cabinet. He kept his post also in the cabinet of Melen until President Cevdet Sunay admitted him to the Senate in 1972. Commissioned by President Fahri Korutürk following the resignation of Prime Minister Ferit Mele ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign Exchange Controls
Foreign exchange controls are various forms of controls imposed by a government on the purchase/sale of foreign currencies by residents, on the purchase/sale of local currency by nonresidents, or the transfers of any currency across national borders. These controls allow countries to better manage their economies by controlling the inflow and outflow of currency, which may otherwise create exchange rate volatility. Countries with weak and/or developing economies generally use foreign exchange controls to limit speculation against their currencies. They may also introduce capital controls, which limit foreign investment in the country. Rationale Common foreign exchange controls include: * banning the use of foreign currency within the country; * banning locals from possessing foreign currency; * restricting currency exchange to government-approved exchangers; * fixed exchange rates * restricting the amount of currency that may be imported or exported; Often, foreign exch ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Second World War
World War II or the Second World War (1 September 1939 – 2 September 1945) was a World war, global conflict between two coalitions: the Allies of World War II, Allies and the Axis powers. World War II by country, Nearly all of the world's countries participated, with many nations mobilising all resources in pursuit of total war. Tanks in World War II, Tanks and Air warfare of World War II, aircraft played major roles, enabling the strategic bombing of cities and delivery of the Atomic bombings of Hiroshima and Nagasaki, first and only nuclear weapons ever used in war. World War II is the List of wars by death toll, deadliest conflict in history, causing World War II casualties, the death of 70 to 85 million people, more than half of whom were civilians. Millions died in genocides, including the Holocaust, and by massacres, starvation, and disease. After the Allied victory, Allied-occupied Germany, Germany, Allied-occupied Austria, Austria, Occupation of Japan, Japan, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Exchange Rate
In finance, an exchange rate is the rate at which one currency will be exchanged for another currency. Currencies are most commonly national currencies, but may be sub-national as in the case of Hong Kong or supra-national as in the case of the euro. The exchange rate is also regarded as the value of one country's currency in relation to another currency. For example, an Interbank lending market, interbank exchange rate of 141 Japanese yen to the United States dollar means that ¥141 will be exchanged for or that will be exchanged for ¥141. In this case it is said that the price of a dollar in relation to yen is ¥141, or equivalently that the price of a yen in relation to dollars is $1/141. Each country determines the exchange rate regime that will apply to its currency. For example, a currency may be floating exchange rate, floating, fixed exchange rate, pegged (fixed), or a hybrid. Governments can impose certain limits and controls on exchange rates. Countries can als ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grand National Assembly Of Turkey
The Grand National Assembly of Turkey ( ), usually referred to simply as the GNAT or TBMM, also referred to as , in Turkish, is the Unicameralism, unicameral Turkey, Turkish legislature. It is the sole body given the legislative prerogatives by the Constitution of Turkey, Turkish Constitution. It was founded in Ankara on 23 April 1920 amid the Turkish War of Independence, National Campaign. This constitution had founded its pre-government known as 1st cabinet of the Executive Ministers of Turkey, 1st Executive Ministers of Turkey (Commitment Deputy Committee) in May 1920. The parliament was fundamental in the efforts of ''Mareşal (Turkey), Mareşal'' Mustafa Kemal Atatürk, 1st President of the Republic of Turkey, and his colleagues to found a new government out of the remnants of the Ottoman Empire. Composition There are 600 members of parliament (deputies) who are elected for a five-year term by the D'Hondt method, a party-list proportional representation system, from 87 el ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
