Mustafa Kemal Atatürk system. The one-party regime was established "de facto" in 1925 after the adoption of the 1924 constitution. The only political party of the GNA was the "Peoples Party", founded by Mustafa Kemal on 9 September 1923. (But according to the party culture the foundation date was the opening day of Sivas Congress on 4 September 1919). On 10 November 1924 it was renamed "Cumhuriyet Halk Fırkası" or Republican People's Party (the word "fırka" was replaced by the word "parti" in 1935). Abolition of the Caliphate was an important dimension in Mustafa Kemal's drive to reform the political system and to
Economy of Turkey such as Antalya and Muğla (which are located on the Turkish Riviera) have become very popular among tourists. The Central Bank of the Republic of Turkey ("Türkiye Cumhuriyet Merkez Bankası") was founded in 1930, as a privileged joint-stock company. It possesses the sole right to issue notes. It also has the obligation to provide for the monetary requirements of the state agricultural and commercial enterprises. All foreign exchange transfers are exclusively handled by the central bank. Originally established as the Ottoman Stock Exchange ("Dersaadet Tahvilat Borsası") in 1866, and reorganized to its current structure at the beginning of 1986, the