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Significant amendments have been introduced to the Communiqué on Supporting the Conversion of Companies' Foreign Exchange Funds Originating Abroad into Turkish Lira by Communiqué No. 2026/11 of the Central Bank of the Republic of Türkiye (CBRT), published in the Official Gazette No. 33327 dated August 1, 2026.
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Author Selma Kıy, Category Law on Protection of the Value of Turkish Currency
On March 6, 2025, the Communique on the Amendment to the Communique on the Decree No. 32 on the Protection of the Value of Turkish Currency ("Communique") was published in the Official Gazette No. 32833.
According to the Communique, the ninth paragraph of Article 8 of the Communique on the Decree No. 32 on the Protection of the Value of Turkish Currency, published in the Official Gazette No. 26801 dated February 28, 2008 ("Decree No. 32"), has been amended as follows. Accordingly, the relevant article has been adopted as:
Author Taylan Ege Günel, Category Law on Protection of the Value of Turkish Currency
Communiqué (Communiqué No: 2024-32/69) Amending the Communiqué on Decree No: 32 on the Protection of the Value of Turkish Currency (Communiqué No: 2008-32/34) was published in the Official Gazette numbered 32474 on February 28, 2024.
The purpose of the Communiqué is to introduce certain exceptions to the principles of application of the prohibition of payment in foreign currency.
The relevant communiqué regulates that while some obligations are obliged to be paid in Turkish Lira, these payments can now be made in foreign currency.
Author CottGroup Hukuk ve Mevzuat Ekibi Taylan Ege Günel, Category Law on Protection of the Value of Turkish Currency
The obligation of bringing export fees to Türkiye within 180 days and change 80% of this payment to a bank has been set as 6 months as of 04.09.2018, with the Communique on 32 Numbered Decree Regarding the Protection of Value of Turkish Currency (Regarding Export Prices). This duration which was to expire on 04.03.2019, has been extended to 1 year, 2019-32/53 numbered Communique published in the 30703 numbered and 03.03.2019 dated Official Gazette.
Category Law on Protection of the Value of Turkish Currency