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| Headquarters | Altındağ, Ankara, Turkey |
|---|---|
| Coordinates | 39°56′21″N 32°51′10″E / 39.939217°N 32.852665°E |
| Established | 30 June 1930 |
| Ownership | Mixed ownership: Treasury and banks[1] |
| Governor | Fatih Karahan |
| Central bank of | Turkey |
| Currency | Turkish lira TRY (ISO 4217) |
| Reserves | US$160 billion (July 2024)[2] |
| Bank rate | 50% (July 2024)[3] |
| Preceded by | Ottoman Bank |
| Website | tcmb.gov.tr |
The Central Bank of the Republic of Türkiye (CBRT) (Turkish: Türkiye Cumhuriyet Merkez Bankası, TCMB) 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.[4]
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.[5]
- ^ Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.
- ^ "TCMB - International Reserves and Foreign Currency Liquidity" (PDF).
- ^ "Press Release on Interest Rates" (PDF). Central Bank of Turkey. Retrieved 23 July 2024.
- ^ "Duties and Responsibilities", CBRT. Archived on 17 March 2020 at the Wayback Machine.
- ^ Central Bank of the Republic of Turkey Factsheet Archived 2013-11-25 at the Wayback Machine, CBRT Official Website, 2012.