History of the Republic of Turkey making Turkey a homogeneous Muslim state. There was also the rise of the active participation of the military in politics after the First World War as shown in the so-called Young Turk Revolution in 1908. Ten years later, Mustafa Kemal (Atatürk) and other army officers dominated the polity that finally established the nationalist Republic of Turkey out of what was left of the Ottoman Empire. Turkey was established based on the ideology found in the country's pre-Ottoman history and was also steered towards a secular political system to diminish the influence of religious groups such as the Ulema. The history
Central Bank of the Republic of Turkey necessary to ensure stability of the Turkish currency. Following these developments, the Government took the initiative to draft the necessary legal framework for the establishment of a central bank, and a draft was prepared for the Central Bank with the contributions of Prof. Leon Morf from the University of Lausanne. The law was enacted by the Grand National Assembly of Turkey on 11 June 1930, and published in the Official Gazette of 30 June 1930 under the name “The Law on the Central Bank of the Republic of Turkey No. 1715”. Following the centralization of duties carried out by various