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central bank is an institution designed to oversee the banking system and regulate the quantity of money in the economy. this statement could be the simplest definition of the central bank. as we have learned so far that central bank is a quite complex institution that holds the authority of printing money. we can basically count its functions as;
to set rediscount ratios and to regulate money markets
to execute treasury operations,
to take, jointly with the government, all measures to protect the value of turkish currency
but if you visit the website of the central bank of the republic of turkey, you will see the most important statement for the bank: “the primary objective of the bank shall be to achieve and maintain price stability.” that sentence is written at the top of the website in order to show the importance.
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