Republic Day (Turkey) status of the nation as a republic was declared and its official name was proclaimed to be ("the Republic of Turkey"). After that, a vote was held in the Grand National Assembly, and Atatürk was elected as the first President of the Republic of Turkey. Republic Day (Turkey) The Republic Day of Turkey () is one of the public holidays in Turkey commemorating the proclamation of the Republic of Turkey in 1923. It lasts 35 hours, starting each year at 1:00 pm on 28 October. The holiday commemorates the events of 29 October 1923, when Mustafa Kemal Atatürk declared that
Central Bank of the Republic of Turkey fulfill this aim, the Bank was given the following duties: With the introduction of economic development plans in Turkey in the 1960s, several changes were made in the Central Bank Law. For the same purpose, the Law No. 1211, which was enacted on 26 January 1970, redefined the duties and responsibilities of the Central Bank of the Republic of Turkey, so as to implement the money and credit policy within the framework of development plans. In the second half of the 1980s, the Bank inaugurated interbank money market, foreign exchange money market and started to make use of open market