Central Bank of the Republic of Turkey

The Turkish Central Bank intervened in foreign exchange markets for a third time this month on Dec. 10, citing "unhealthy price formations."

"The Central Bank of the Republic of Turkey directly intervenes in the market via selling transactions due to unhealthy price formations in exchange rates," said the bank.

The country will see the cumulative effects of its current monetary policy in the first half of the next year, Central Bank Governor Şahap Kavcıoğlu said on Dec. 2, adding that the soaring inflation will ease soon.

The Turkish Central Bank signed an agreement with defense and technology firms Aselsan and Havelsan, and the Scientific and Technological Research Council of Turkey (TÜBİTAK) for the research, development and testing processes of potential digital Turkish lira.

The Republican People's Party's (CHP) group deputy chair has submitted the party's law proposal to the parliament in an effort to "amend the law on the Central Bank of the Republic of Turkey, " CHP spokesperson Faik Öztrak said on May 3.

The Turkish central bank (also known as CBRT or TCMB) has issued "Regulation on the Disuse of Crypto Assets in Payments." It was published Friday in the official newspaper of the Turkish government.

The central bank also announced Friday that "studies on the regulation regarding the disuse of crypto assets in payments have been completed."

The Central Bank of the Republic of Turkey (CBRT) will continue to use monetary policy tools effectively to achieve a permanent decline in inflation, its new governor said on March 21.

Turkey's short-term external debt stock - debt that must be paid in the next 12 months - reached $140.3 billion in January, according to official data on March 17. 

The figure climbed 1.3% from the end of 2020, data from the Central Bank of the Republic of Turkey (CBRT) showed.

The Central Bank of the Republic of Turkey (CBRT) on Nov. 27 revised its regulations on reserve requirements to improve the effectiveness of the monetary transmission mechanism in the country.

In line with its main objective of price stability through monetary tightening, the bank decided to simplify its reserve requirement regulations, it underlined in a written statement.

Turkey's short-term external debt stock totaled $118.7 billion as of the end of March, official data showed on May 20. 

Turkey's Central Bank posted 44.73 billion Turkish liras ($7.87 billion) net profit in 2019, the bank announced on May 18.

The bank's net profit was 56.3 billion Turkish liras ($11.67 billion) in 2018, according to a press release by the Central Bank of the Republic of Turkey (CBRT).