According to the 11. Development Plan, Turkey institutional structure will be created diversity instrument for the formation of a strong financial sector, blockchain based digital central bank money will be put into practice.
The Eleventh Development Plan covering the period of 2019-2023 included the targets related to financial markets. In the Plan period, it is aimed to create a financial sector with a strong institutional structure that supports Istanbul's goal of becoming an attractive global financial center. For this, the effectiveness of financial actors in the financing of the real sector will be increased and the sector will be encouraged to use funds from the capital market and non-bank financial institutions under the supervision of the Banking Regulation and Supervision Agency (BDDK).
The issuance limit of the Mortgage Financing Institution (IFK) will be made independent of its capital and reductions will be made in transaction costs such as CMB board fee and Central Registry Agency Joint Stock Company to reduce the issuance costs of the IFC. Securities to be issued by the IFC will be subject to transactions such as repo to provide liquidity. The securitization of assets in the Bank's balance sheets will be encouraged. SME asset leasing company will be established and lease certificate will be issued and support for export costs will be provided.
Blockchain of fintech ecosystem-based central bank money with the implementation of the digital road map will be created for the development and coordination of implementation in Turkey will be provided by a single public agency.
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