Turkey planning to move central bank to Istanbul

clock
Turkey planning to move central bank to Istanbul

Turkey is planning to start relocating units of its central bank and Treasury from Ankara to Istanbul as part of the central government's efforts to further boost the role of Istanbul in the country's economy. According to a report by Reuters, the majority of the central bank's functions will be moved to Istanbul, already the the country's largest city and financial powerhouse, by the end of 2021. The Istanbul Finance Centre, currently under construction, is expected to ultimately house the...

Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.