What was the significance of the Treaty of Mudanya?

What was the significance of the Treaty of Mudanya?

The Treaty of Mudanya, signed on October 11, 1922, was significant as it marked the end of the Greco-Turkish War (1919-1922) and established the basis for the modern borders between Turkey and Greece. It recognized the sovereignty of the newly established Republic of Turkey and led to the exchange of populations between the two countries, resulting in the forced migration of over a million Greeks from Turkey and around 500,000 Turks from Greece. The treaty also granted Turkey control over the Turkish Straits, ensuring its strategic position in the region.