The Central Bank of the Republic of Turkey was established by law on June 30, 1930 and began operations on October 3, 1931, taking on responsibility for conducting Turkey's monetary and exchange-rate policy, managing its international reserves, and issuing the Turkish lira. It is organized as a joint-stock company with mixed ownership, the Treasury holding a majority stake alongside domestic banks, and since 2006 has pursued an inflation-targeting mandate aimed at price stability. The bank's headquarters moved to the CBRT Tower at the Istanbul Financial Center, reflecting a broader shift of Turkey's financial institutions from Ankara toward Istanbul.
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