Legal & Regulatory

FX Policies

The CBRT is the sole authority in determining monetary and exchange rate policy in Turkey. In this respect, the Bank announces the following year’s monetary and exchange rate policy at a press conference and introduces the main framework of the monetary and exchange rate policy as well as the inflation targets for the next three years. The Bank sets the inflation target jointly with the Government. The Bank, with the objective to achieve and maintain price stability, is authorized to utilize monetary policy instruments in line with the instrument independence

GDP:

$863.7 billion

OECD Risk Score:

4

Ease of doing business index

60th

Household income

$8,955