Economic Growth and Employment Reasons for Inflation Inflation Targets Inflation and Output Gap Forecasts Monetary Policy and Inflation Relation The Food and Agricultural Product Markets Monitoring and Evaluation Committee

Financial Stability

The CBRT and Financial Stability Policy Implementations Regarding Financial Stability Central Bank in the International Finance Arena Institutional Framework Financial Stability Reports

Monetary Policy Committee

2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006

Central Bank Interest Rates

CBRT Interest Rates (%) Overnight (O/N) CBRT Interest Rates (%) Late Liquidity Window (LON) 1 Week Repo

Reserve Requirement Ratios

Rediscount and Advance Interest Rates

Market Operations

Open Market Operations

Standing Facilities

Treasury Operations

Exchange Rate Policy

Foreign Exchange and Banknotes Markets

Indicative Exchange Rates Foreign Exchange Auctions and Direct FX Interventions Foreign Exchange Deposits against Turkish Lira Deposits Auctions Foreign Exchange Deposit Transactions Foreign Banknotes against Foreign Exchange Transactions Volume of Banks’ Foreign Currency against Turkish Lira Transactions

Reserve Management

Payment Systems

Key Issues

Payment Service and Payment System Objectives and Policies of the CBRT Regarding Payment Systems Principles for Financial Market Infrastructures Oversight The Role of Central Banks in the Payment Systems

Payment Systems in Türkiye

Electronic Fund Transfer System-Electronic Securities Transfer System-The Instant and Continuous Transfer of Funds (FAST) System Interbank Card Center (BKM) Istanbul Settlement and Custody Bank (TAKASBANK) Central Registry Agency (MKK) Garanti Payment Systems (GÖSAŞ) Paycore Payment Services Clearing and Settlement Systems Inc. (Paycore) Bileşim Financial Technologies and Payment Systems Inc.

International Cooperation

Payment Services

Payment Services Overview

Payment Institutions

Electronic Money Institutions

Legal entities, which has taken the CBRT’s permission within the scope of the seventh paragraph of article 19 of the Payment Services Regulation

Banknote Printing

Banknote Printing Process

Issue Policy

Key Issues

In accordance with the “Law on Payments and Securities Settlement Systems, Payment Services and Electronic Money Institutions” No. 6493, payment/securities settlement system is defined as a structure that has common rules and provides the infrastructure required for the clearing and settlement transactions carried out in order to realize fund/security transfers arising from transfer orders between three or more participants.