Note Issue Authority

Note Issue Authority

According to Article 87 of the Constitution of the Republic of Turkey, the privilege of issuing banknotes belongs to Grand National Assembly. It was granted to the CBRT with the enactment of the Central Bank Law No.1715 on 11 June 1930. According to Article 1 of the Law, the privilege was given to the CBRT for a period of 30 years which could be extended in 5 years to the end of the period. With Law No.6544 dated April 27, 1955, the 30-year period was extended until 1999.

As it is known, the Central Bank Law No.1715 dated June 11, 1930 was amended by the enactment of the Law No.1211 dated 14 January 1970 by which the privilege of issue has been preserved.

Consequently, the privilege of issue was extended for an unlimited time by Law No.3985 of 21 April 1994, amending Law No.1211.


CENTRAL BANK OF THE REPUBLIC OF TURKEY Head Office Anafartalar Mah. İstiklal Cad. No:10 06050 Ulus Altındağ Ankara Phone : (+90 312) 507 50 00 | Fax : (+90 312) 507 56 40