Foreign Exchange and Banknotes Markets


The CBRT shall take necessary measures in order to protect the domestic and international value of the Turkish lira and establish the exchange rate regime determining the parity of the Turkish lira against gold and foreign currencies jointly with the Government.

Under the current monetary policy, the CBRT shall execute spot and forward purchase and sale of foreign exchange and banknotes, foreign exchange swaps and other derivatives transactions in order to determine the value of the Turkish lira against foreign currencies.

The general framework of foreign exchange and banknotes markets is set by  Article 4/1 (b) and (g), Article 39 and Article 53/(a) of the CBRT Law.