TCMB - Annual Report 2012

CBRT 2012 - Monetary Policy Committee Meeting Decisions

CBRT Activities - 2012

General Information

1.1. Governing Bodies

1.2. CBRT 2011-2015 Strategic Plan

1.3. Staff

Activities and Major Developments

2.1. Price Stability, Financial Stability and Monetary Policy

2.2. Operational Framework of the Monetary Policy

2.3. Financial Stability Developments and Activities

2.4. Financial Infrastructure

2.5. Transfer of the Activities of the Risk Center to the Banks Association of Turkey and Novelties Introduced by the Credit Reference System

2.6. Currency in Circulation

2.7. Foreign Exchange Reserve and Risk Management

2.8. European Union Harmonization Activities

2.9. Communications Policy and Activities

2.10. Research and Development Activities

2.11. Training Activities

2.12. Culture, Art and Sports

2.13. Social Responsibility Activities, Donations and Financial Support

Financial Statements

3.1. Comparative Financial Statements of the CBRT

3.2. Explanations Related to the Balance Sheet Dated 31.12.2012, and the Profit and Loss Statement for the 01.01.2012-31.12.2012 Period

3.3. Financial Statements in Accordance with IFRS

3.4. Audit at the CBRT and Audit Reports

3.5. Turkey-IMF Monetary Relations

Contact Details

2.4.5. Legislative Developments Regarding the Payment Systems

In 2008 National Program for Turkey, the CBRT was charged with preparing the Draft Law on Payment Systems and Services and Electronic Money Institutions with an aim to contribute to the harmonization of the legislative infrastructure of the payment systems and services in Turkey with international standards and the Acquis Communitaire. To achieve this purpose, a workshop on "Draft Law on Payment Systems" was organized by the CBRT on 5-6 October 2012 in Abant-Bolu, in which representatives from the public and private sector participated.

Some changes were introduced for implementing "the Communique on the International Bank Account Number (IBAN)" issued by the CBRT in December 2012. The utilization ratio of the IBAN in money transfers via the Electronic Fund Transfer (EFT) became approximately 99 percent in sender accounts and 79 percent in receiver accounts by the end of 2012.