Multi-party period of the Republic of Turkey Multi-party period of the Republic of Turkey The multi-party period of the Republic of Turkey started with the establishment of the opposition Liberal Republican Party ("Serbest Cumhuriyet Fırkası") by Ali Fethi Okyar in 1930 after President Mustafa Kemal Atatürk asked Okyar to establish the party as part of an attempted transition to multi-party democracy in Turkey. It was soon closed by the Republican People's Party government, however, when Atatürk found the party to be too influenced by Islamist-rooted reactionary elements. In 1945, the National Development Party ("Milli Kalkınma Partisi") was founded by Nuri Demirağ. The next year, the Democratic Party
Central Bank of the Republic of Turkey 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 real and legal persons of Turkish nationality. The CBRT determines, at its own