*  *  *  It is both a pleasure and an honor for me to participate in this conference of the Central Bank of Turkey. In the first place, it is a pleasure to be at a conference of the Central Bank at a time when it is evident that monetary policy in Turkey is succeeding in gradually bringing inflation under control.
1 of 5  The main functions of the Central Bank, as defined by the Central Bank Law, were established in the period until 2000. Since 11 August 1997, all prices and all payments have been denominated in convertible marks.