Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Israeli media outlet reports one injury in a shooting targeting a bus at the Tunnels checkpoint in al-Quds
Sayyed Khamenei: In the 12-day war, the Iranian people defeated the Americans and the Zionists without a doubt
Sayyed Khamenei: We must enhance mobilization and pass on its concept to future generations, and I have always advised all government agencies to operate in a mobilization-oriented manner
Sayyed Khamenei: The scientists who were martyred in the 12-day aggression were not involved in the mobilization, but they embodied the true image of being part of the mobilization move
Sayyed Khamenei: The IRGC may be the official side concerned with mobilization, but any zealous group that wants to work for the sake of this country is part of this mobilization
Sayyed Khamenei: The phenomenon of resistance will continue and grow, and the oppressed people of the world will feel that someone supports them and that there is a power that amplifies their voice
Addressing the Iranian nation, Iranian leader Sayyed Ali Khamenei: A country like Iran needs mobilization more than any other country in light of foreign ambitions and interventions [affecting it]
Larijani to Pakistan's HUM TV: We are not seeking to acquire nuclear weapons, but we will continue to seriously develop our peaceful nuclear program
Larijani: Whoever wants to genuinely engage in negotiations does not predetermine the outcome; that is not negotiating
Secretary of Iran's Supreme National Security Council, Ali Larijani: Iran has not and will not abandon genuine negotiations

Turkish Central Bank $1.6 billion quake pledge instigates controversy

  • By Al Mayadeen English
  • Source: Agencies
  • 17 Feb 2023 15:13
  • 1 Shares
2 Min Read

A seven-hour event aired on hundreds of Turkish TV and radio channels earned 115.1 billion liras, including donations from the central bank and local lenders.

  • x
  • A picture shows the logo of Turkey's Central Bank (TCMB) at the entrance of the bank's headquarters in Ankara, Turkey. (AFP)
    A picture shows the logo of Turkey's Central Bank (TCMB) at the entrance of the bank's headquarters in Ankara, Turkey. (AFP)

The Trukish central bank is forced to justify a $1.6 billion payment to survivors of the country's catastrophic earthquake, which appears to have been made without the approval of the Treasury.

Governor Sahap Kavcioglu said, as quoted by the Hurriyet daily, that the bank pulled the money from its profits and preferred a direct payment over the typical process of passing revenues to the government.

The pledge made during Wednesday's televised relief campaign sparked outrage for utilizing Treasury cash before the central bank revealed its profit for last year.

“If we had transferred this money to the Treasury, the Treasury could have used it in another area,” Kavcioglu said, as quoted by Hurriyet in an interview published on Friday. 

“We directly allocated this share to the quake zone.”

Read next: GoFundMe refuses to help Syria

A seven-hour event aired on hundreds of Turkish TV and radio channels earned 115.1 billion liras, including donations from the central bank and local lenders, for the Turkish disaster management authority, AFAD, as well as the Turkish Red Crescent.

It is worth noting that a presidential decree released on Friday exempted lenders from the legal donation limit of 0.4% of equity under the nation’s banking law for quake aid. 

The directive will be in effect until the end of a three-month emergency rule in the earthquake zone, which was imposed following a pair of tremors on Feb. 6. 

State-owned banks were among those who made significant contributions. Turkey's largest bank by assets, Ziraat Bank, contributed 20 billion liras, while Vakifbank and Halkbank committed 12 billion and 7 billion liras, respectively.

Read next: Scammers profiting from Turkey-Syria earthquake: BBC

  • Turkey earthquake
  • Turkish Central Bank
  • pledge
  • Treasury

Most Read

Hezbollah announces the martyrdom of Haitham al-Tabatabai

Hezbollah announces the martyrdom of commander Haitham Tabatabai

  • West Asia
  • 23 Nov 2025
Hezbollah publishes biography of martyred leader Haitham al-Tabatabai

Hezbollah publishes biography of martyred leader Haitham Tabatabai

  • Politics
  • 23 Nov 2025
Hezbollah releases the names of the four martyred with Tabatabai

Hezbollah releases the names of the 4 martyred alongside Tabatabai

  • West Asia
  • 24 Nov 2025
A boy tries to stand near missiles displayed in the National Aerospace Park of the Revolutionary Guard, just outside Tehran, Iran, Thursday, Nov. 13, 2025 (AP)

Key Israeli sites destroyed, nuclear docs moved to Tehran: Minister

  • Politics
  • 22 Nov 2025

Coverage

All
In Five

Read Next

All
Turkey
Politics

Turkey: Lebanon-Cyprus maritime deal ignores Turkish Cypriots

US Navy, San Francisco
US & Canada

US Navy withheld plutonium alert from San Francisco for 11 months

India weighs a major expansion of its S-400 fleet, as the Su-57 remains off the table.
Politics

India weighs major expansion of S-400 fleet; Su-57 stays off the table

China warns of rising nuclear risks after Trump announces a testing plan.
Politics

China warns of rising nuclear risks after Trump announces testing plan

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS