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March 1- Moody`s did not change Turkey`s rating. VAT and Income Tax General Notice was issued.
March 2- Kemal Dervis was appointed as the State Minister for Economy. U.S. dollar decreased to about 800 thousand TL, national index increased and interest rates decreased by 10 percent. Prime Minister Ecevit announced that Sureyya Serdengecti would be appointed as the Central Bank Governor. Treasury Undersecretary Selcuk Demiralp and Central Bank Governor Gazi Ercel retired.
March 3- BRSA Chairman Zekeriya Temizel resigned. Annual inflation rate decreased to 26.5 percent in wholesale prices and to 33.4 percent in consumer prices.
March 5- A decision on removal of supermarkets from urbans to rurals within 3 years was taken.
March 9- Privatization of Emlakbank came onto the agenda.
March 12- TNT-Koc Holding partnership started.
March 13- Gazi Ercel was denounced under the investigation into Turkbank Dervis announced that he would start touring social circles to seek support to his programme.
March 14- Dervis announced the first phase of the economic package to overcome the economic crises. Mass-media reported that Dervis had rejected the Democratic Left Party`s (DSP) proposal for his membership to DSP. Sureyya Serdengecti was appointed as the Central Bank Governor.
March 15- Iktisat Bankasi was seized.
March 16- Attempt of banks to collect loans they had given to industrialists earlier than their maturity received reaction while Faik Oztrak was appointed as the Treasury Undersecretary.
March 17- Engin Akcakoca was appointed as the BRSA Chairman.
March 21- GSM operator Aria entered the market.
March 22- Privatization of Dalaman Enterprise of paper factory Seka was approved by the Council of Ministers.
March 27- It was announced that industrial output rose by 6.1 percent in 2000.
March 28- Selling price of 1 U.S. dollar increased over to 1 million TL. Politicians reacted to statement of State Minister Dervis who had said that 15 laws which had priority should be passed through the parliament within 15 days.
March 29- Turkey-Azerbaijan Joint Economic Commission meeting was held in Baku. Central Bank started to hold auctions to sell maximum 300 million and minimum 50 million U.S. dollars. Selling price of 1 U.S. dollar at Kapalicarsi (Covered Bazaar) increased to 1.2 million TL. Meetings were held on period payments by the real sector.
March 30- The supplementary budget was taken up at the Higher Planning Board (YPK). It was decided that drafts on laws which had priority should be transferred to the Prime Ministry within a week. Privatization of the Turkish Airlines (THY) was cancelled as any bid had not been submitted.
March 31- Deferment interest rate was increased from 32 to 72 percent and default interest rate was increased from 5 to 10 percent. Growth rate in Turkey in 2000 was announced as 6.1 percent and income per capita was calculated as 2,986 U.S. dollars.
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