History of the Republic of Turkey making Turkey a homogeneous Muslim state. There was also the rise of the active participation of the military in politics after the First World War as shown in the so-called Young Turk Revolution in 1908. Ten years later, Mustafa Kemal (Atatürk) and other army officers dominated the polity that finally established the nationalist Republic of Turkey out of what was left of the Ottoman Empire. Turkey was established based on the ideology found in the country's pre-Ottoman history and was also steered towards a secular political system to diminish the influence of religious groups such as the Ulema. The history
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