Tuesday, November 30, 2010

Turkey Plans Central Bank in Istanbul in 2 Years, Milliyet Says - Bloomberg

"Turkey’s central bank will move to Istanbul within two years under draft legislation submitted to the parliament, Milliyet newspaper reported.

The headquarters of the bank, and state-run lenders Turkiye Vakiflar Bankasi TAO and Turkiye Kalkinma Bankasi, will move from Ankara, according to the draft, the newspaper said. The government added the measures to legislation on restructuring tax debts, it said."

More:Turkey Plans Central Bank in Istanbul in 2 Years, Milliyet Says - Bloomberg