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Central Bank of the Republic of Turkey Organization and Governing Bodies |
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B-
BOARD
J- REPRESENTATIVE
OFFICES ABROAD . The General
Assembly of the Bank is composed of the shareholders who are registered in
the share book of the Bank. The General Assembly convenes each year on a
date specified in the Articles of Association of the Bank. Each person
owning ten shares or representing this number of shares is entitled to one
vote. Those who are not shareholders may not represent more than one vote
by proxy at the General Assembly. The Governor acts as the chairman of the
General Assembly. The General
Assembly has the following duties and powers: 1. To examine
the annual report submitted by the Board and the report of the Auditing
Committee; 2. To examine
and approve the balance sheet and the income statements of the
Bank; 3. To release
members of the Board and the Auditing Committee; 4. To
increase the capital; 5. To amend
the Articles of Association of the Bank; 6. To render
a decision concerning the liquidation of the
Bank. The Board is
composed of the Governor and six members to be elected by the General
Assembly. The duties of
the members may not be reconcilable with any other duty outside the Bank
whether of a legislative, official or private nature unless otherwise
permitted by a special law. Furthermore, these members are not allowed to
engage in trade, nor may they become shareholders of banks or companies.
Duties in charitable associations and in foundations with charitable,
social and educational purposes and partnerships in non-profit-making
cooperative companies are excluded from this
provision. Members of
the Board are required to have received a higher education and to have
acquired knowledge and experience in banking or in the fields of economics
and finance. The term of office of Board members is three years. The
Governor is the Chairman of the Board. One third of
the Board members is replaced each year. The members who are to leave the
Board at the end of the first and second years are determined by drawing
names. Members whose terms of office have terminated may be
reelected. The Board
convenes with the participation of at least two thirds of the members and
renders a decision by the majority of the members present. In the event of
a tie, the proposal of the party supported by the Governor is considered
adopted. Vice Governors may attend Board meetings but do not have the
right to vote. Duties and Powers of the Board are
as follows: a) To make
decisions concerning the monetary policy to be implemented and monetary
policy instruments to be utilized in compliance with the monetary policy
strategy and inflation target, b) To set
forth regulations and to make decisions on the replacement of banknotes in
circulation, as well as their withdrawal from circulation and their
destruction, c) To
establish procedures and conditions and to enact the necessary regulations
regarding open market operations, foreign exchange operations, rediscount
and advance operations as well as rediscount and advance interest rates,
reserve requirements and liquidity requirements, other monetary policy
operations and instruments, the management of gold and foreign exchange
reserves of the country, d) To make
decisions pertaining to the issues stipulated in paragraphs (I) and (III)
of Article 40, e) To make
decisions regarding the establishment of payment, securities transfer and
settlement systems on conditions that shall promote their soundness and
effectiveness; to determine the procedures and conditions of payment
methods and instruments; to draw up regulations regarding the surveillance
and supervision of clearing houses, f) To
determine the procedures and conditions for requesting information,
evaluating risks and collecting statistics, g) To enact
regulations and to render decisions pertaining to the establishment of
branches, representative offices, liaison offices and the appointment of
correspondents; and the Banknote Printing House, h) To decide
on issues concerning provisions and reserves and to determine the
procedures and conditions regarding the transfer of the balance remaining
after the allocation of profit to the Treasury i) To prepare
the budget, annual report, balance sheet, income statements and the agenda
of the General Assembly of the Bank, j) To submit
proposals to the General Assembly for amending the Articles of Association
of the Bank and increasing the capital, k) To approve
the regulations on the administration, organization, services and
personnel of the Bank, l) To take
decisions on the purchase or acquisition of real property needed by the
Bank, as well as on the sale, donation and barter and other transactions
when necessary, of real property owned by the Bank,
m) To decide
on donation, amicable settlement, release, waiver and cancellation of the
amounts and values, which are not within the scope of powers that it shall
delegate to other governing bodies of the Bank, n) To approve
the annual cadres of the Bank’s personnel, o) To take
decisions and set forth regulations on issues submitted by the Office of
the Governor for examination and approval, apart from the ones subject to
the approval of the Monetary Policy Committee pursuant to this
Law. The Monetary
Policy Committee is, under the chairmanship of the Governor, composed of
Vice Governors, a member to be elected by and from among the Board members
and a member to be appointed by a joint decree on the recommendation of
the Governor. The Undersecretary of the Treasury or Deputy Undersecretary
to be designated by him/her may participate in the meetings without having
the right to vote. Monetary Policy Committee membership shall terminate
when the term of office of the Governor, Vice Governor and the Board
member comes to an end. The member to
be appointed by a joint decree are required to have studied monetary
policy matters and hold an academic degree in one of the fields of
economics, business administration, banking and finance; to have worked in
his/her field for at least ten years and are required to have adequate
experience and knowledge. The term of office of this member is five
years. The
prohibitions stipulated in Article 19 are also applicable to the appointed
member. However, academic posts in universities are not in the scope of
this provision. The appointed member shall have the same financial and
social rights as the Board members. The Monetary
Policy Committee has the following duties and
powers: a) To
determine the principles and strategy of monetary policy in order to
achieve and maintain price stability, b) To
determine the inflation target together with the Government within the
framework of the monetary policy strategy, c) To provide
information to the public in line with the principles set forth, and
provide information to the Government within specified periods by
preparing reports regarding monetary policy targets and its
implementations, d) To take
necessary measures in order to protect the domestic and international
value of Turkish Lira and to establish the exchange rate policy in
determining the parity of Turkish Lira against gold and foreign currencies
jointly with the Government. The Monetary
Policy Committee sets forth, which decisions will be published, together
with the procedure of publishing. The issues to be announced by the
Monetary Policy Committee are published immediately in the Official
Gazette. The Monetary
Policy Committee decisions are executed by the Governor and are provided
to the Board. Article
23- Members of the Auditing Committee are elected as
follows: 1. One
member by shareholders of class (A), 2. Two
members by shareholders of classes (B) and (C), 3. One member
by shareholders of class (D). Each share
within the classes is entitled to one vote. Members of
the Auditing Committee serve for a term of two years. Members of the
Auditing Committee are required to have received a higher education and to
have acquired knowledge and experience in the fields of banking and
accounting. Duties and
Prohibitions The Auditing
Committee supervises all the operations and accounts of the Bank. The
Office of the Governor is obliged to furnish all the information and
documents requested by the Auditing Committee. The Auditing Committee,
having no administrative power, submits its opinions in writing to the
Board and presents a copy thereof to the Prime Ministry. The Committee
submits a report to the General Assembly to be drawn up on the operations
and accounts of the Bank at the end of the year. Members of
the Auditing Committee may not share in the profits of the
Bank. Governor The Governor
is appointed for a term of five years by a decree of the Council of
Ministers. The Governor may be reappointed upon the expiration of this
term. The Governor
is required to have received a higher education and to have acquired
knowledge and experience in the fields of finance, economics and
banking. Duties, Representation and
Powers The Governor
shall, in the capacity of the highest executive officer, administer and
represent the Bank within the country and abroad. The Governor
is entrusted with the following powers: 1. To ensure
the enforcement of the provisions of this Law and the decisions made by
the Board. 2. To respond
appropriately to carry out the duties with which the Bank is entrusted by
this Law and to make proposals to the Board on such measures whenever the
Governor may deem necessary. In case of
his/her dissent from the decisions of the Board, the Governor may postpone
the execution of any decision and may demand it to be reconsidered at the
next meeting. In urgent circumstances, the Board shall convene at the
request of the Governor and reconsider the issue in dispute. In the event
of a disagreement between the Governor and the Board, the Prime Ministry
shall act as an arbitrator. In case of
vacancy in the Governor's position, the Board shall convene under the
chairmanship of the most senior member and one of the Vice Governor
selected as acting Governor shall perform the duties and exercise the
powers of the Governor. Vice
Governors Four Vice
Governors are appointed to assist the Governor. Vice Governors are
appointed by a joint decree for a period of five years on the
recommendation of the Governor from persons who have received a bachelors
or a masters degree and acquired adequate knowledge and experience in one
of the fields of law, finance, economics, business administration and
banking. They are required to have worked in their professions for at
least ten years. Vice Governors may be reappointed upon the expiration of
this term. The first paragraph of Article 27 and second paragraph of
Article 28 shall also be applicable to Vice
Governors. The Executive
Committee is composed of the Vice Governors under the chairmanship of the
Governor. In cases where the Governor is unable to chair, the Vice
Governor assigned by him/her shall preside over the Executive
Committee. The duties of
the Executive Committee are as follows: 1. To prepare
proposals to be submitted to the Board, by examining in advance the issues
subject to Board decision, when deemed appropriate by the
Governor; 2. To draw up
regulations on the administration, organization and services of the
Bank; 3. To render
decisions on issues made subject to the decision of the Executive
Committee by regulation; 4. To ensure
coordination in the operations of the Bank; 5. To perform
duties related to the appointment, salary, dismissal and retirement of
personnel other than those appointed by the
Board. Decisions of
the Executive Committee are taken by a majority of all the members. In the
event of a tie, the proposal supported by the Governor shall be considered
adopted. The Head
Office of the Bank consists of 18 Departments, including the Office of the
Secretary for Security and Defense, and the Inspection
Unit. As the head
of department, the Executive Director, Head of Unit, Secretary of Security
and Defense directs and manages his/her department in line with the
principles and procedures stated in this Regulation. The Head of
department is responsible for the fulfillment and management of all duties
assigned to the related department. In each
department, there is a specified number of Deputy Executive Directors,
Assistant Secretaries of Security and Defense who are responsible for the
execution of duties of the related department according to the job
distribution assigned by the head of department. Departments
execute their duties by means of divisions specified in this Regulation.
Heads of divisions (directors) are responsible for all tasks of the
division and for the fulfillment of duties entrusted to them by the head
of department. Prepares and updates the accounting plan,
balance sheet and financial statements of the Bank; draws up the Bank’s
annual budget and follows its implementation;
Maintains the books as prescribed by law,
ensures the smooth functioning of the accounting system and makes the
necessary arrangements thereof; Executes electronic fund transfers such as
EFT, SWIFT, SAOS, EMKT systems, keeps their accounting records;
Is responsible for the fulfillment of the
financial obligations of the Bank; Maintains, follows and controls the
accounting records of the foreign exchange transactions of the Head
Office. The Accounting Department executes its functions in five
divisions: Turkish Lira Accounting
Division Foreign Exchange Accounting
Division Balance Sheet and Accounts
Monitoring Division Budget and Planning
Division Electronic Payments
Division Monitors and evaluates the developments
and the risks related to financial institutions and instruments with the
aim of achieving and maintaining market confidence and stability in line
with the objective of securing price stability; conducts research and
studies thereon; Conducts research and studies for
developing payment instruments and ensuring the smooth functioning of
settlement systems, presents its views and makes proposals thereon;
Conducts studies to monitor and assess the
risks borne by financial institutions; Sets the principles and conditions for the
legal requirements that banks, special finance houses and other
financial institutions are obliged to maintain against their
liabilities; Determines the terms and conditions of
interest rates and other bonuses applicable by banks in their credit and
deposit transactions; Specifies the types of deposits and the
maturities; Monitors the developments in financial
investments and financing instruments, assesses their influences on the
economy and financial markets, and presents its views to the related
authorities when needed; Makes arrangements related to the
management of foreign exchange positions of banks, special finance
houses and authorized institutions, within the scope of the duties of
the Bank; Makes proposals on the establishment or
termination of a fund with a view to directing the bank credits in line
with the purposes of development plans and or conducts operations
entrusted to the Bank by fund legislation; Conducts studies jointly with the
Undersecretariat of Treasury and the Banking Regulation and Supervision
Agency with a view to achieving confidence and stability in the
financial system; ensures the coordination of sharing information and
documents with the said institutions and other units of the Bank as
well; Monitors and assesses the problems arising
in the financial system in the cases of uncertainty, lack of confidence,
and acceleration of fund withdrawals; presents its views on the
solutions thereof to the related authorities; Collects information on the loans, risks
and protested bills of the customers of banks, special finance houses,
financial leasing companies, factoring agencies, financing companies and
other similar financial institutions through the risk centralization
unit, and provides such information to these institutions;
Performs the duties entrusted to the Bank
by the check legislation, and executes the services of interbank
clearing houses; Conducts research and studies on payment
instruments such as electronic money, credit cards etc., and makes
arrangements when needed within the framework of the duties and powers
entrusted to the Bank, in coordination with other units of the Bank and
by also considering the international practices;
Submits its opinion on all kinds of legal
regulations related to banks and other financial institutions;
Monitors, assesses the work and
arrangements made by international institutions and in various countries
on financial issues within the scope of the duties and powers of the
Department, as well as prepares its opinions and proposals thereon;
Determines the principles and conditions
governing cash payments or banking transfers, deposits, remittance and
collection transactions to be made in Turkish lira deposits accounts of
the Bank, and the principles for interest, commission, fees and expenses
to be applied by the Bank to all kinds of banking transactions; prepares
the test keys to be used in transactions subject to test key; concludes
the amendment requests of the related departments to be made in the List
of Terms and Conditions. The Banking and Financial Institutions Department executes its
functions in seven divisions: Regulation and Monitoring
Division Financial Sector Assessment
Division Risk Centralization
Division Payment Instruments and Clearing
Operations Division Investment and Financial Instruments
Division Foreign Exchange Legislation
Division Executes the duties assigned directly by
the Governor and the Executive Committee; ensures cooperation,
organization and coordination among departments of the Bank;
Conducts the secretarial work for the
meetings of the Board, and of the Executive Committee;
Conducts public relations to support
monetary policy directly or through the media with a view to building
public opinion for achieving price stability, which is the primary
objective of the Bank, and to ensure that the Bank’s policies are
properly understood; Conducts Bank-media relations impartially
in a way to preserve the reputation and integrity of the Bank;
Makes announcements on the Bank’s policies
single-handedly; undertakes the duty of speakership of the Bank to
elicit the support of the general public in the achievement of price
stability within the framework of the basic principles of transparency,
direct communication, accuracy and integrity from the standpoint of the
institutional goals and identity of the Bank; undertakes the Bank’s
internal and external communication, and presentation of information;
Monitors the domestic and international
media, informs senior management of the latest developments, performs
studies on furthering the media and relationship with the general
public; Carries out translations of materials
prepared in Turkish or in other foreign languages in order to contribute
to the Bank’s policies, or has them done if needed;
Carries out documentation services of the
Bank; Executes the work of the Bank’s
Shareholders General Assembly. The Communication Department executes its
functions in five divisions: Public Relations
Division Board and Auditing Committee
Services Division Translation
Services Division Correspondance
Division Administrative Assistance
Division Conducts transactions related to
purchasing, selling and leasing of real estate of the Bank; executes
construction, renovation and installation works of the Bank’s premises;
Provides services for setting up,
operating and maintaining the technical equipment of the Bank;
Procures the fixtures and equipment and
writing materials for the use of the Bank; Conducts the operations of the
Head Office Purchasing,
Selling and Tender Commission; Carries out transportation, and
housekeeping services for the Bank. The Construction and Procurement Department executes its functions
in five divisions: Construction and Real Properties
Division Maintenance
Division Materials
Division Housekeeping Services
Division Purchasing, Selling and Tender
Division Establishes the institutional relations of
the Bank with international organizations; follows and reports on the
relations with the Customs Union and the European Union;
Executes operations of the Bank’s medium
and long term external credit agreements; On behalf of the Treasury, monitors the
external debts of the Government and conducts their repayments, manages
the disbursement of external credits granted to the Government; acts as
advisor for the Treasury on its relations with the domestic and
international financial community, executes the necessary activities in
this regard; Follows developments in the world economy
and international markets; prepares short and long term reports thereon;
Implements the provisions of the legislation
on the Protection of the
Value of the Turkish Currency regarding exports, imports, invisible transactions and
capital movements; Implements the provisions of the
legislation on export incentives. Makes the necessary arrangements for the
Bank to participate in meetings organized by international institutions
and establishments, undertakes the organization of international
meetings and conferences to be held in Turkey.
The Foreign Relations Department executes its functions
in four divisions: European Union Relations
Division International Organizations
Division Foreign Economies Monitoring
Division Develops and formulates the Bank’s
personnel policy and takes the necessary measures for its effective
application; Recruits personnel suitable for the Bank’s
needs, determines their employment conditions and employs them in the
organization according to their qualifications;
Conducts and follows all kinds of personal
rights of the staff; Undertakes studies on the formulation and
development of the remuneration policy in order to help the Bank
management to make decisions; makes proposals for extra payments and
other cash or in-kind bonuses to be given to employees in the form of
salary, and performs coordinated studies on such issues with the related
departments; Informs employees of legislation regarding
personnel, regulations on personal rights and social security, and
submits its technical opinion to the related departments and
authorities, if needed; Makes arrangements in the organization of
the Bank in order to increase the productivity of operations, to reduce
costs, to enhance quality of service, and develops the appropriate
methods to this end; Conducts job analysis, job and task
descriptions and their work related to their standardization; develops
and implements ways of defining the productivity standards of employees;
Conducts analysis of the training needs of
the Bank’s personnel; Develops an effective training system in
accordance with the Bank’s general objective and policy, as well as the
technological, economic and social developments, conducts research in
this area, prepares, implements and evaluates training plans and
programs. The Human Resources Department executes its functions in five
divisions: Personnel Management
Division Staffing and Employee Movements
Division Employment Record and Social
Security Division Organization and Evaluation
Division Staff Development and Training
Division Determines the strategies for ICT
(Information and Communication Technologies) and automation needs of the
Central Bank of Turkey (CBT) and sets mid/long term plans following
technological improvements in the field of ICT,
Selects and assembles the most appropriate
hardware, software and communication solutions to enhance the
effectiveness of ICT systems, Installs, maintains and develops the ICT
systems of the CBT, Defines and applies the standards, rules
and procedures for the usage of ICT systems, Sets contingency plans and installs
systems to ensure the availability of continuous operation in case of
failures or disasters, Determines, announces and applies the
security policy and strengths the security of the systems,
Checks the quality of ICT systems to
improve their effectiveness, Develops applications according to the
needs of the CBT, Develops, maintains and enhances interbank
payment and securities settlement systems and their international
connections; coordinates the banks as well as the related departments of
the Central Bank on technical and operational matters; operates the
existing real-time gross settlement payment system (TIC-RTGS), the
securities settlement system (TIC-ESTS) and the dedicated communication
network (TICNET), Carries out the budgeting plans and ICT
procuring processes in collaboration with the Construction and
Procurement Department, Provides support to e-Government and
e-Europe vision and studies of Turkey. The Informatics Technology Department executes its functions in six
divisions: Application Development
Division Informatics Security and Quality
Control Division Payment Systems
Division Systems Operation
Division System Research and Planning
Division Systems Technical Support
Division Inspects all operations of the Head
Office, branches and representative offices abroad to ensure that they
are executed in compliance with the regulations; conducts examinations
and inquiries within the limits of the powers and duties granted by the
Banks Act and other related laws; Conducts supervision of banks, special
finance institutions, authorized institutions and other establishments
in the fields in which the Banks Act and other regulations assign the
duty and power of inspection to the Central Bank.
Prepares and develops flexible and
feasible risk-focused audit plans that demonstrate the activities of all
Units and Branches of the Bank, and the frequency of audit conducted in
those Units and Branches, provides assessment of risks defined in audit
reports, submits audit reports for the approval of the Governor,
Ensures the application of annual audit
plans as approved, and executes auditing activities, fulfills special
assignments, projects and other duties requested by the Office of the
Governor, Ensures internal auditing staff have
adequate knowledge, skill, experience and professional competence
stipulated by the Regulation in accordance with the human resources
policies of the Bank, Monitors whether the annual program, plans
and targets of the Bank are achieved, Checks that cash and other assets of the
Bank are duly preserved within the scope of duties of the Bank,
Evaluates whether the required internal
control factors are established, Furnishes the Governor, the Board and the
Auditing Committee with information about the results of auditing
activities at times to be specified by the Office of the Governor,
Informs the Governor of the developments
in the auditing field and the best international applications on a
regular basis, Submits reports to the Governor on issues
that are subject to statistical analysis and also assessment results
regarding these issues, Informs the Governor of situations and
developments that require examination and investigation discovered
during auditing, and seeks his opinion thereon,
Ensures that auditing activities are
carried out at the highest level considering the scope of independent
external auditing, Compiles a handbook that defines codes and
procedures to be observed during auditing of the Bank activities,
The Internal Audit Department shall abide by the Code of Ethics and
Standards in all its activities. The Department is composed of the
Executive Director, Deputy Executive Directors, Chief Auditors, Senior
Auditors and Auditors. Makes arrangements for printing the
national currency; and ensures its circulation;
Puts the banknotes into circulation,
replaces them with new issues when necessary, regulates the printing
programs of banknotes and coordinates with the Banknote Printing Plant
in order to produce banknotes in an uninterrupted and productive manner;
Determines the principles pertaining to
custody, transportation, cancellation and destruction of valuables;
Determines the working conditions of the
banknote processing systems; Provides notifications to the branches,
the banks and related institutions about new foreign exchange banknotes
which are put into circulation and those which are withdrawn from
circulation; Conducts the custodian and transportation
operations of banknotes, coins, gold coins and gold bullions;
Conducts operations concerning banknotes
withdrawn from circulation, as well as the counting, sorting,
cancellation and destruction of old and worn out banknotes;
Carries out operations concerning the
exhibition of securities such as banknotes, coins, gold, government
papers, stocks, bonds and historical documents and valuables;
Handles all fiscal service transactions
ranging from the printing to the destruction of government papers, and
maintains their portfolio and provision accounts, acts as the Treasurer;
Conducts operations pertaining to the
Bank’s shares; Makes amendments in the Terms and
Conditions of the Bank in coordination with the related departments. The
Terms and Conditions of the Bank determine the principles and conditions
of the payments to be made from Turkish lira deposit accounts with the
Bank, as well as the remittances and collection of bills; establishes
the principles governing the interest rates, commissions and fees
applicable to all kinds of transactions of the Bank.
Follows the operations pertaining to the
Treasury Account System, tax collection and the commissions and fees to
be paid by the Bank; concludes the domestic correspondent banking
agreements. The Issue Department executes its functions in three
divisions: Issue
Division Banknote Movements
Division Treasury and Fiscal Services
Division Submits its legal views on the duties of
the Bank to the related departments; Handles all the legal work of the Bank,
including the Bank’s involvement in commercial, administrative and civil
litigation, and represents the Bank in actions before judges;
Participates in the preparatory work of
the regulation and legal documents pertaining to the Bank, and presents
its views thereupon. The Legal Department functions as a counseling and support
unit. Conducts operations in the domestic and
international foreign exchange, money, securities and in their
derivative markets in order to manage the foreign exchange and gold
reserves of the Country in a productive manner;
Conducts open market operations in order
to regulate money supply and liquidity in the economy;
Acts as intermediary in the interbank
money market to ensure a more rational utilization of funds, and
operates, when necessary, in the name and on behalf of the Bank;
Carries out government domestic borrowing
as the fiscal agent of the Treasury; Acts as intermediary in the foreign
exchange and banknotes markets in order to achieve more efficient
utilization of funds in the banking system, and operates, when
necessary, in the name and on behalf of the Bank; ensures the smooth
functioning of the markets; Makes arrangements in the foreign
correspondent banking relationship; Performs the sale of government papers
(Government bonds and
Treasury bills) by means of
“auction” and “outright sale
to the public” methods;
Executes the implementation of the
rediscount policy; determines the rediscount, discount and interest
rates applicable to its own transactions; Executes the credit transactions of the
Bank with the Treasury, public institutions and the banking system;
Controls and measures foreign exchange
risks. The Markets Department executes its functions in six
divisions: Money Markets
Division Open Markets Operations
Division Treasury Operations
Division Foreign Exchange and Banknotes
Division Foreign Exchange Transactions
Division Foreign Exchange Risk Management
Division OFFICE OF THE SECRETARY FOR SECURITY AND
DEFENSE
In coordination with the related Ministry, institutions and
establishments as well as the administrative and military bodies, the
Office of the Secretary for Security and Defense is responsible for
planning, organizing, executing and monitoring the tasks and services
mentioned below in the Head Office, branch offices and facilities in
peacetime as well as during emergency rule, martial law, mobilization and
war. The Office of the Secretary for Security and
Defense Plans, organizes, coordinates, controls
and monitors the execution of the special security services of the Bank;
Makes recommendations to the Office of the
Governor for the recruitment of necessary personnel and procurement of
required equipment, machinery, materials and fittings (?);
Plans, organizes and prepares the budget
for the procurement of arms, equipment and materials required for
security needs of the Head Office and branch offices; maintains them in
good condition after their procurement; Plans, arranges, coordinates and executes,
as well as controls and monitors fire prevention measures along with the
Bank’s preventive security services; Plans and implements periodic training and
special inspections keeping the relevant offices informed of the
results; Prepares “Special and Joint Plans” for
civil defense services and holds them ready for implementation in line
with the relevant regulations in coordination with the Ministry of
Internal Affairs and General Secretariat of the National Security
Council. Services and activities of the Office of the Secretary for Security
and Defense are executed according to the following organization
structure: Defense Specialist (Personnel
Logistics Mobilization Branch), Civil Defense Specialist (Civil
Defense and Preventive Security
Branch), Security
Manager, Administrative
Office RESEARCH AND MONETARY POLICY
DEPARTMENT Performs economic analyses needed for the
determination of monetary policy to be implemented in order to achieve
price stability, which is the primary objective of the Bank,
Develops
models to be used for designing monetary policy to be implemented by the
Bank, Carries out economic analyses for the
Bank’s main scope of duties, Ensures coordination with the other units
of the Bank in the decision-making process relating to monetary policy,
Prepares the inflation report and other
reports requested by the Monetary Policy Committee,
Carries out studies on the issues and
measures concerning the Bank, which are contained in the development
plans, annual programs and annual budgets; cooperates with other
departments that are carrying out studies concerning these matters;
prepares the Bank’s recommendations, Makes the necessary contribution to the
preparation of the draft annual activity report of the Bank,
Makes a contribution to the preparation of
information requested by national and international institutions,
Participates in the domestic and
international meetings concerning its tasks, Follows national and international
publications and documents; carries out library and documentation
services; performs the Bank’s publication purchasing and subscription
services. The Research Department executes its functions in seven
divisions: Monetary
Policy Strategies Division Structural Analysis
Division Financial Analysis
Division International Economic Analysis
Division Economic Monitoring and Forecasting
Division Monetary Policy Support Services
Division Information and Documentation
Division Provides services related to social and
medical assistance for the Bank’s personnel and their family members;
Administers the training, seminar and
recreational centers, the social clubs and the guesthouse,
Organizes cultural and artistic
activities, encourages the Bank’s personnel to take part in artistic,
cultural and social activities; makes arrangements regarding business
trips of the personnel. The Social Affairs Department executes its functions in three
divisions: Catering and
Social Clubs
Division Health Services
Division Culture, Art and Environment
Division Collects data on economic and financial
matters, produces statistics by compiling and processing such data;
provides them to the Office of Governor, to the related departments, or
to other individuals and institutions; Sets up a data-bank in coordination with
other departments of the Bank; develops data-base applications;
Prepares the balance of payments according
to internationally accepted concepts and standards; and the table of
foreign exchange assets and liabilities; Conducts analyses based on the balance
sheets and income statements of private sector companies to see the
micro and macro scale effects of monetary and credit policies on the
real sector, compiles them according to the international sector
classification, and prepares reports on company accounts;
The Statistics Department executes its functions in three
divisions: Monetary and
Financial
Data Division Balance of Payments
Division Real Sector Data
Division Opens the foreign exchange deposit
accounts of Turkish workers abroad and conducts transactions related
thereto; Compiles statistical information on
foreign exchange deposit accounts, prepares evaluation reports thereof.
The Non-Residents FX Deposits Department executes its functions in
four divisions: Non-Residents FX Deposits
Division
Non-Residents Account
Problems
Division Assessment
Division Administrative Affairs
Division Prints Turkish lira and foreign exchange
banknotes, government papers, stocks, bonds, stamps, national lottery
tickets etc.; Conducts the printing services of the
Bank, performs the maintenance operations of equipment;
Keeps the accounts and records of the
Plant, draws up the budget and the balance sheet of the department;
Procures materials needed for production.
Issues warnings to the banking system,
financial system and branches about false Turkish lira and foreign
exchange banknotes, conducts examinations when requested by judiciary
and administrative offices; The Banknote Printing Plant Department Started to print banknotes
in 1957 and performs its duties according to the principles of
profitability and productivity. The Banknote Printing Plant has a separate
accounting plan and it is consolidated with the Bank’s accounts at the end
of the accounting period. The Banknote Printing Plant Department executes its functions in
six divisions: Banknote Production
Division Production Control and Other
Products Division Maintenance, Repairs and Plant
Division Administrative Affairs
Division Financial Affairs
Division Technical Research and Development
Division |