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Central Bank of the Republic of Turkey
The Central Bank of the Republic of Turkey, CBRT ((トルコ語:Türkiye Cumhuriyet Merkez Bankası, TCMB)) is the central bank of Turkey and is founded as a joint stock company on 11 June 1930.
Shares of the CBRT are divided into four classes. Class A shares belong solely to the Turkish Treasury. Class B and Class C shares are allocated to national banks operating in Turkey, banks other than national banks and privileged companies. Finally, Class D shares are allocated to Turkish commercial institutions and to real and legal persons of Turkish nationality.
The CBRT determines, at its own discretion, the monetary policy to pursue and the policy instruments to use in achieving price stability in Turkey. This implies that the CBRT enjoys instrument independence. In order to attain its objective of price stability, the CBRT has implemented a full-fledged inflation targeting regime since 2006.〔(Central Bank of the Republic of Turkey Factsheet ), CBRT Official Website, 2012.〕
The preparations to establish a central bank of Turkey began in 1926, but the organization was established on 3 October 1931 and opened officially on 1 January 1932. The Bank had, originally, a privilege of issuing banknotes for a period of 30 years. In 1955, this privilege was extended until 1999. Finally it was prolonged indefinitely in 1994.
==History of central banking in Turkey==
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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