Military history of the Republic of Turkey Military history of the Republic of Turkey This military history of the Republic of Turkey is the history of the armed forces established under the Republic of Turkey, beginning with the Turkish War of Independence. The Turkish revolutionaries rejected the Treaty of Sèvres (1920), which had left the Ottoman government in control of substantially less of Anatolia than modern Turkey controls. Following the victory of Atatürk's forces in the War of Independence, the Treaty of Sèvres was substituted with the Treaty of Lausanne (1923), which granted international recognition to the government of Ankara, rather than the Ottoman government in Istanbul.
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