History of Turkey newly formed "Republic of Turkey" as the successor state of the Ottoman Empire, and the republic was officially proclaimed on October 29, 1923, in the new capital of Ankara. Mustafa Kemal became the republic's first President of Turkey and subsequently introduced many radical reforms with the aim of founding a new secular republic from the remnants of its Ottoman past. The Ottoman fez was abolished, full rights for women politically were established, and new writing system for Turkish based upon the Latin alphabet was created. According to the Law on Family Names, the Turkish parliament presented Mustafa Kemal with the
Central Bank of the Republic of Turkey Building was depicted on the reverse of the 20,000 lira banknotes of 1988-1997. Central Bank of the Republic of Turkey The Central Bank of the Republic of Turkey, CBRT () is the central bank of Turkey and is founded as a joint stock company on 11 June 1930. Shares of the CBRT are divided into four classes. Class A shares belong solely to the Turkish Treasury. Class B and Class C shares are allocated to national banks operating in Turkey, banks other than national banks and privileged companies. Finally, Class D shares are allocated to Turkish commercial institutions and to