The Central Bank of the Republic of Turkey (CBRT) is the country's primary monetary authority, established in 1930. Its main responsibilities include regulating the money supply, managing inflation, and ensuring the stability of the Turkish lira. The bank plays a crucial role in formulating and implementing monetary policy to support economic growth. The CBRT also oversees the banking system and acts as a lender of last resort to financial institutions. It aims to maintain price stability and foster a stable financial environment, which is essential for sustainable economic development in Turkey.