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Turkey’s central bank transfers TL 40.5 billion to Treasury

The Turkish Central Bank has transferred TL 40.5 billion ($6.84 billion) to the Treasury after the government announced on Friday that December’s budget deficit represented the biggest...

Turkey’s central bank to transfer last year’s profits and reserves to Treasury

The Turkish Central Bank will transfer tens of billions of lira to the Treasury from last year’s profits and from its precautionary reserves, the Ahval news website...

İstanbul mayor says Treasury denying permission to revive 3 stalled rail projects

İstanbul Mayor Ekrem İmamoğlu has said the city’s plans to revive three rail system projects are currently blocked by the Undersecretariat of the Treasury, the BirGün news...

Turkey’s Treasury takes over 58.5 pct stake in Vakıfbank: report

The Turkish Treasury is taking over a 58.5 percent stake in the state-owned Vakıfbank from the General Directorate of Foundations, according to a presidential decision published...

Turkey’s central bank injected nearly $4 billion to gov’t budget in July

Turkey’s central bank transferred around 22 billion lira ($3.94 billion) to the Treasury last month, the biggest deposit since an annual dividend payment in January, according...

Turkey begins transferring central bank legal reserves to treasury, economist says

Turkish economist Uğur Gürses has claimed that TL 21 billion ($3.77 billion) in the central bank’s legal reserves were transferred last Thursday to the treasury. The sum represents...

Turkey planning to tap $6.6 billion from central bank reserves: report

Turkey’s Treasury ministry is working on legislation to transfer the central bank’s 40 billion lira ($6.6 billion) in legal reserves to the government’s budget to shore...

New sanctions on Turkey are ready, US Treasury Secretary Mnuchin says

Secretary of the US Treasury Steven Mnuchin has said additional US sanctions are ready if Turkey refuses to release an American pastor who the...

Turkey transfers state shares in major companies to Wealth Fund

Shares belonging to the Turkish Treasury in a number of companies including Ziraat Bank, the Turkish Petroleum Corporation (TPAO), satellite network TÜRKSAT, the Petroleum...

19 at Undersecretariat of Treasury face detention over Gülen links

Prosecutors have issued detention warrants for 19 people at the Turkish Prime Ministry's Undersecretariat of the Treasury as part of an investigation into alleged...

US blacklists ISIL financial facilitators in Turkey

The United States Treasury Department on Thursday imposed sanctions on two men based in Turkey alleged to be Islamic State in Iraq and the...

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