Central Bank of the Republic of Türkiye
1 articleThe Central Bank of the Republic of Türkiye is Türkiye's central bank and the issuer of Turkish-lira banknotes. Its Monetary Policy Committee sets policy, while the bank manages reserves, liquidity, payment systems and the circulation of notes. Exchange-rate operations and financial-stability functions also fall within its mandate, but coins are issued through a different government framework. The institution, commonly abbreviated TCMB, is separate from the TRY currency and from the finance ministry.
Turkish lira set for deeper fall as dollar forecast climbs to 57
MUFG now sees the US dollar hitting 57 Turkish lira by September 2027. High energy costs, weak reserves, and financial stress at home keep the lira under pressure.