Democrat Party (Turkey, 1946–61) Democrat Party (Turkey, 1946–61) The Democratic Party (Turkish: Demokrat Parti, DP for short) was a Turkish moderately right-wing political party, and the country's third legal opposition party, after the Liberal Republican Party (Serbest Cumhuriyet Fırkası) established by Ali Fethi Okyar in 1930, and the National Development Party (Milli Kalkınma Partisi) established by Nuri Demirağ in 1945. Founded and led by Celâl Bayar, it was the first of the opposition parties to rise to power, de-seating the Republican People's Party (Cumhuriyet Halk Partisi) during the national elections of 1950 and ending Turkey's one party era. The party facilitated the resurgence of
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