Central Bank of the Republic of Turkey
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. It manages Turkey's foreign exchange reserves and conducts foreign exchange operations to stabilize the currency. The bank's independence is vital for maintaining credibility and trust in its monetary policies.