Turkey
Turkey: cb governor briefs cabinet re Iraq
The governor of the central bank of Turkey has briefed the Council of Ministers on the economic situation and the impact on the Turkish economy of the recent conflict in Iraq, according to a report on TRT 2 TV in Turkey, Reduced uncertainly, he said,…
IMF Managing Director Issues Statement on Turkey
Turkey has finally fulfilled the conditions for obtaining its latest loan tranche from the IMF. The letter of intent sets out further reforms aimed at fixing shaky public finances and transforming the state dominated economy into a free market system.
CentralBankNet Monday Special Feature
SPECIAL FEATURE - In an exclusive interview with CentralBankNet.com, Professor Fatih Ozatay, the vice-governor of the Central Bank of the Republic of Turkey, explains how the war in Iraq is affecting the central bank, and what it is doing to mitigate…
Turkish bank governor denies difference with gov't
Turkey's central bank chief Sureyya Serdengecti denied reports on Monday that the central bank had differing views on the economy from the government position on economic issues.
Turkish cen bank ready for US operation on Iraq
Turkey's central bank governor Sureyya Serdengecti said Tuesday that the central bank was fully prepared for the possible economic fallout of a United States operation against Iraq.
Turkish central banker determined to hit CPI goal
Turkey's new government has little opportunity to alter economic targets under a program of reforms backed by the International Monetary Fund, the country's central bank governor said in an interview Friday.
Bomb blast outside Turkey's central bank
TURKEY - An explosion occurred in front of office of the central bank in the Fatih district of Istanbul at about 1140 pm on Tuesday.
Central Bank of Turkey - Annual Report 2001
ANNUAL REPORT - The Central Bank of the Republic of Turkey has posted its annual report for 2001 onto its website today.
Increased hope that Turkey soon out of recession
TURKEY - A much sharper than expected rise in industrial output in Turkey has raised hopes that the country could soon recover from a deep recession. Industrial output rose 14.1% in April from a year earlier, well above a growth rate of 7.8% as predicted…
Turkish c bank says it meets IMF monetary targets
TURKEY - Turkey's Central Bank said on Wednesday it had met monetary targets for March and April agreed under a $16 billion IMF lending package tasked with slashing inflation and raising growth.
Turk PM says IMF reforms cut too much state power
TURKEY - Turkish Prime Minister Bulent Ecevit said on Wednesday some IMF-backed reforms may have cut state power too much and crisis-hit Turkey's priority must be a return to elusive growth.
IMF approves $16bn for Turkey
TURKEY - The International Monetary Fund (IMF) has approved a $16bn economic package for Turkey, the third major aid program for Ankara in under two years.
Turkey - Letter of Intent
NEWS - The following item is a Letter of Intent of the government of Turkey, which describes the policies that Turkey intends to implement in the context of its request for financial support from the IMF.
IMF Press Release, 4 February
PRESS RELEASE - IMF Managing Director Sees Impressive Commitment by Turkey to Economic Reforms; Executive Board Approves US$16 Billion Stand-By Credit.
Turkey woos IMF with reforms
TURKEY - Turkey is due on Friday to finalise a series of reforms to its banking system, deemed to be crucial if the country is to secure further loans from the International Monetary Fund (IMF).
$10bn loan for Turkey goes through
US - The IMF yesterday finalised a package of $10bn in new lending for Turkey. Arguing that it needs the loan to cover the fall off in tourist revenue and the effects of a flight to quality following September 11, Turkey had asked for $12bn.
Turkish c bank to publish inflation report in Oct
TURKEY - Turkey's central bank plans to announce next month future inflation estimates and details of the monetary policy that will back a plan to cut stubbornly high inflation, a senior central banker said on Monday 10 Sep.
Turkish police silence chained protester
TURKEY - Turkish police on 20 August detained a man who chained himself to iron railings outside Prime Minister Bulent Ecevit's office in protest at a hard-hitting economic crisis, state-run Anatolian news agency said.
Emerging markets - round up the usual suspects
CENTRALBANKNET'S SPECIAL REPORT - A little local difficulty or the beginning of a global shake-down? First Turkey, then Argentina - next stop Brazil? Or south-east Asia? The omens are not good as emerging markets from Poland to Pretoria feel the effect…
Turkey gains $8bn loan from IMF
TURKEY - In a meeting lasting more than five hours, the IMF board decided to give $8bn in new loans for Turkey and it will release $3.8bn of it immediately.
Turk cbank reforms aimed at price stability-Dervis
TURKEY - Turkey's central bank would become a transparent institution with price stability as its primary aim under the reform plan put forward by Kemal Dervis, the economy minister.
Turkey has no target for floated lira-Dervis
TURKEY - Turkish Economy Minister Kemal Dervis on Apr 14 said there is no target value for the country's lira currency, which has fallen over 40 percent against the dollar since its float in late February 2001.
Capital inflows and central bank's policy response
CENTRAL BANK RESEARCH - Melike Altinkemer from the research department at the Central Bank of Turkey has written a paper "Capital inflows and the central bank's response". In this paper, capital inflow episode after the liberalization of capital account…
New Turkish cbank law submitted to cabinet
TURKEY - A draft law that grants full independence to the Central Bank of Turkey, and brings E.U. standards to the bank, has been submitted to the cabinet, reports the the Turkish daily Milliyet.